Legal Professional Fee
The legal professional fee is calculated based on a percentage of the buying price of the property.
Consideration or Adjudicated Value (which ever is higher) |
Scale of Fees |
| For the first RM500,000.00 | 1.0% (subject to minimum fee of RM500.00) |
| For the next RM500,000.00 | 0.8% |
| For the next RM2,000,000.00 | 0.7% |
| For the next RM2,000,000.00 | 0.6% |
| For the next RM2,500,000.00 | 0.5% |
| Where the consideration or the adjudicated values is in excess of RM7,500,000.00 | Negotiable on the excess (but shall not exceed 0.5% of such excess) |
Notwithstanding the above rates, in the case of any transaction governed by the Housing Development (Control and Licensing) Act 1996 [Act118] or any subsidiary legislation made under that Act, the remuneration of the solicitor having the conduct of and completing the transaction, whether acting for the vendor or the purchaser, shall be as follows:
(a) RM300.00, if the consideration is RM50,000.00 or below;
(b) 75% of the applicable scale fee specified, if the consideration is in excess RM50,000.00 but not more than RM250,00.00;
(c) 70% of the applicable scale fee specified, if the consideration is in excess of RM250,000.00 but not more than RM500,000.00; or
(d) 65% of the applicable scale fee specified, if the consideration is in excess of RM500,000.00.
Example:
1) Property price RM700,000.00
・1% x RM500,000.00 = RM5,000.00
・0.8% x RM200,000.00 = RM1,600.00
・Total legal fees: RM5,000.00 + RM1,600.00 = RM6,600.00
2) Property price RM1,000,000.00
・1% x RM500,000.00 = RM5,000.00
・0.8% x RM500,000.00 = RM4,000.00
・Total legal fees: RM5,000.00 + RM4,000.00 = RM9,000.00
2) Property price RM3,000,000.00
・1% x RM500,000.00 = RM5,000.00
・0.8% x RM500,000.00 = RM4,000.00
・0.7% x RM2,000,000.00 = RM4,000.00
・Total legal fees: RM5,000.00 + RM4,000.00 + RM14,000.00 = RM23,000.00