Property Sale and Purchase Agreement (SPA) and Home Loan Legal Fees and Stamp Duty (Memorandum of Transfer) Calculator.
SPA and Loan Legal Fees and Stamp Duty Calculator Tips
Legal fees is an estimate of the cost of engaging a lawyer for conveyancing to purchase your property. The property seller (vendor) may opt to use the same lawyer as you or engage their own lawyer.
Stamp duty is a transactional tax fee for stamping transactional agreements such as your SPA. It is a legal requirement to stamp your agreement within 30 days of the SPA signing date else a penalty may be incurred.
Developers may offer to absorb the legal fees to reduce your upfront costs when you buy straight from the developer. Some financial institutions may also offer zero entry cost (ZEC) loans where the loan legal fees and stamp duty are paid by the financial institution, but you will be charged a higher loan rate.
SPA Legal Fees
- First RM500,000: 1%
- RM500,001 – RM1,000,000: 0.8%
- RM1,000,001 – RM3,000,000: 0.7%
- RM3,000,001 – RM5,000,000: 0.6%
- Above RM5,000,0001: 0.5% (negotiable)
SPA Memorandum of Transfer (MoT) Stamp Duty
- First RM100,000: 1%
- RM100,001 – RM500,000: 2%
- RM500,001 – RM1,000,000: 3%
- Above RM1,000,001: 4%
Loan Documentation Legal Fees
- First RM500,000: 1%
- RM500,001 – RM1,000,000: 0.8%
- RM1,000,001 – RM3,000,000: 0.7%
- RM3,000,001 – RM5,000,000: 0.6%
- Above RM5,000,0001: 0.5% (negotiable)
Loan (Disbursement) Stamp Duty: 0.5% of loan value
If you are a first time home buyer for a property below RM500,000 you are entitled to full stamp duty exemption of both instrument of transfer and loan agreement for SPA completed between 2021 Jan 1 to 2025 Dec 31.
To see your monthly and total loan repayment amounts check out the Home Loan Calculator.