Home • For Sale • Rentals • Monthly Newsletters • Eco Park Estate • Centurion Central • Highveld • Centurion West • News Articles • Bond Calculator • Home Loans • Transfer Costs • Investor Seminars • Contact Us
 

Home
For Sale
Rentals
Monthly Newsletters
Eco Park Estate
Centurion Central
Highveld
Centurion West
News Articles
Bond Calculator
Home Loans
Transfer Costs
Investor Seminars
Contact Us



FREE NEWSLETTER

If you would like to receive
our newsletter, which is a valuable property
informative on property
trends for informed decision making please send us your email address to
info@centurionrealestate.co.za?subject=I would like to receive...

 

PREVIOUS TOPICS

Which types of properties show the best investment returns
Which area in which to buy and why.
How to make your property appealing to sellers - tips that work.
Market commentary - recession seems to be over, is it now the time to buy?
How to buy property
What role does interest on your bond play?
Interesting property facts
Getting on the property ladder...
Why we are different
Centurion Townhouses - Best buys


 

 

Bond registration, transfer duty and total property transfer cost guide


This is a guideline of the costs levied on the sale of properties.  Please email info@centurionrealestate.co.za regarding what is possible.   We can also get a home loan consultant to come and see you should that be required.  Note that home loan debt is one of the cheapest forms of credit there is in terms of the interest % charged.

Transfer duty is not the same as transfer cost

NOTE:
Many see transfer duty to mean transfer costs!  Transfer duty is only a small part of transfer costs to be paid in a property transaction.  For example, a property of R610000 will have transfer duty of R300 but transfer fees of approximately R25000.  Banks don't finance transfer costs or transfer duties, so you need to save this sum before you enter into a property purchase transaction, which implies you have to rent until you have the funds together, if you are a first time buyer. 

Total Transfer Cost Table (Updated 1 September 2014)

  Transfer Duty Deed Search Transfer Attorney incl. VAT Deeds Office Fee FICA Bond Registration Postage Law Fee Bank Valuation Total
450000 0 70 6750 500 150 5850 150 70 5000 18540
500000 0 70 7500 500 150 6500 150 70 5000 19940
550000 0 70 8250 500 150 7150 150 70 5000 21340
600000 0 70 9000 500 150 7800 150 70 5000 22740
650000 1500 70 9750 500 150 8450 150 70 5000 25640
700000 3000 70 10500 500 150 9100 150 70 5000 28540
750000 4500 70 11250 500 150 9750 150 70 5000 31440
800000 6000 70 12000 500 150 10400 150 70 5000 34340
850000 7500 70 12750 500 150 11050 150 70 5000 37240
900000 9000 70 13500 500 150 11700 150 70 5000 40140
950000 10500 70 14250 500 150 12350 150 70 5000 43040
1000000 12000 70 15000 500 150 13000 150 70 5000 45940
1050000 14500 70 15750 500 150 13650 150 70 5000 49840
1100000 17000 70 16500 500 150 14300 150 70 5000 53740
1150000 19500 70 17250 500 150 14950 150 70 5000 57640
1200000 22000 70 18000 500 150 15600 150 70 5000 61540
1250000 24500 70 18750 500 150 16250 150 70 5000 65440
1300000 27000 70 19500 500 150 16900 150 70 5000 69340

Transfer Duty Lowered    

On 24 Feb 2011, the Finance Minister annouced that no transfer duty is payable on a property priced at R600000 or less and 3% for properties priced between R600000 and R1 million, on individuals, trusts, companies and close corporations. 
Transfer Duty is payable at the following rates on transactions which are not subject to VAT.

Acquisition of property by all persons (being natural persons and legal entities)

Value of property (R) Rate
0 600 000 0%
600001 1 000 000 3% of the value above R600 000
1 000 001 1 500 000 R12000 + 5% of the value above R1 000 000
1 500 000 and above R37000 + 8% of the value exceeding R1500 000

Minister of Finance Pravin Gordhan announced in the Budget Speech that the transfer duty exemption threshold will be increased from R500000 to R60000 bringing about major changes and savings for purchasers!

The greatest amendment is that these rates are also applicable to legal entities (being trusts, close corporations and companies)!

In the official SARS Budget Pocket Guide, the revised rate structure which will apply to all properties acquired on or after 23 February 2011 is set out as follows.

  1. This will have the effect that persons acquiring a property for R600000 on the 23 February 2011 or later will be exempted from transfer duty. This will save natural persons R5000 and legal entities R48000
  2. Should the same person acquire a property for R1000000, transfer duty will be R12000 saving natural persons R13000 and legal entities R68000.
  3. Persons acquiring properties of R1500000 will pay transfer duty of R37000 saving natural persons R28000 and legal entities R83000!

We're where you want to live
Our proposals regarding properties are the best for your requirements - We know the Centurion area, we know where the property gems lie, we know where areas are that will show better growth than other areas, we know the residential complexes, and the market related sale prices to find you an excellent home at the right price!  Our knowledgeable property consultants will know which properties to show you, our valued client. 

Buying Property
 Home loan assistance.
 Property transfer services.
Consistent large selection of available properties available.
Highest level of ethical standards and good follow through.
Easy to navigate up to date website in readable format.
Centurion area knowledge and experience.

Selling Property
 Our property consultants can evaluate your home in terms of past sales in the area, free. 
 In order to sell your property within your timeframe*, you need to work with an experienced agent to obtain market value.  *We have sold within 2hrs of receiving property for sale!
 This will ensure many visits from potential buyers and will help you find the right buyer - you only need 1. 
 If you have outgrown your current home, you need to advertise where more than 45,000 website visitors have searched for property, more than 10,000 buyers have registered and more than 300 Centurion sellers have sold their properties recently. 
 Get direct exposure to investors and cash buyers.  Let us help you. 
High visibility.
Focused spending on marketing your property.
 Fresh, bold and innovative marketing of your property.

Rental Management
 Let Us Handle the Hassles!
 Screen Tenants
 TPN Membership
 Advertise Property and Collect Rent
 Inspect Property and Protect Your Investment
 End your frustrations with non performing rental agents
Experience the best rental administration services
Competitive fees
We look after the tenant, the property and the owner
Monthly statements


Contact Us

Management Office

Visit our store front office at 17 Eco Boulevard Centre, Witch Hazel Ave, Eco Park, Highveld, Centurion,

to learn more about our exciting initiatives, fabulous properties or to meet one of our agents. 
Our office number is 012-661-5144. We look forward to seeing you soon!

 

Our estate agents and property professionals for Centurion
Johan johan@centurionrealestate.co.za on 082 905 9800 (Eco Park Estate  Highveld  Die Hoewes  Lyttelton  Centurion CBD  The Reeds   Kosmosdal  Summefield Estate  Close to Gautrain Station)
Julia julia@centurionrealestate.co.za on 082 796 4873 (Doringkloof  Lyttelton  Die Hoewes  Zwartkop  Hennopspark  Clubview  Eldoraigne  Wierdapark  Rooihuiskraal North) 
Trudey trudey@centurionrealestate.co.za 082 796 4871
(Eldoraigne  Amberfield  Rooihuiskraal  Raslouw  Celtisdal Heuwelsig Heuwelsig Estate Heuweloord Rooihuiskraal)
Mariana mariana@centurionrealestate.co.za on 082 775 5140 (Eco Park Estate  Highveld)
Magda magda@centurionrealestate.co.za on 083 266 0987 (Lyttelton  Die Hoewes  Centurion CBD Doringkloof)

Wanda wanda@centurionrealestate.co.za on 083 770 6332
(Eldoraigne  Amberfield  Rooihuiskraal  Raslouw  Celtisdal Heuwelsig Heuwelsig Estate Heuweloord Rooihuiskraal)

Michelle michelledjp@centurionrealestate.co.za on 076 390 1282 (Eldoraigne  Amberfield  Rooihuiskraal  Raslouw  Celtisdal Heuwelsig Heuwelsig Estate Heuweloord Rooihuiskraal)

Wilna wilna@centurionrealestate.co.za on 083 266 0987 (Clubview  Valhalla Eldoraigne Wierda Park)





General
General Information | To List your property for sale | Buying? info@centurionrealestate.co.za
To List your property to let | Renting?
rentals@centurionrealestate.co.za

 

Free monthly property bargain newsletter
Where do I get a bargain property?  Information is key!  Know on-the-day when a new property is listed for rental and for sale. 
Bargain units go fast.  Some investors buy off this list only. 
Please send us your email address to
info@centurionrealestate.co.za?subject=I would like to receive...
By subscribing to our newsletter, you'll be the first to know when a new property is placed on the market.
Find out before other buyers!


Home • For Sale • Rentals • Monthly Newsletters • Eco Park Estate • Centurion Central • Highveld • Centurion West • News Articles • Bond Calculator • Home Loans • Transfer Costs • Investor Seminars • Contact Us

Benefit from buying or selling your home through the strongest real estate group in Centurion, and experience extraordinary service! Centurion Real Estate can offer you the best priced properties for sale in Centurion, South Africa.