Valuation fees @ Kos Penilaian rumah yang anda beli

Valuation fees calculation

After the loan to purchase a property was approved by bank and signed the SNP by buyer, the bank will appoint a valuation company to conduct a valuation report for Application of Credit Facility. All the cost of valuation will be borne by the buyer. As a buyer, do you know how much should pay for the valuation fees?

Here is how valuation fees calculate base on the property you purchased:-

For First RM100K =0.25%
Next residue up to RM2 mil = 0.2%
Next residue up to RM7 mil = 0.167%
Next residue up to RM15 mil = 0.125%
Next residue up to RM50 mil = 0.10%
Next residue up to RM200 mil = 0.067%
Next residue up to RM500 mil = 0.05%
Next residue more than RM500 mil = 0.04%

Minimum Fee : As above, subject to a minimum fee of RM 400 per property.

Example 1

House value at RM 400K
Valuation Fees Calculation:
a. First RM 100K = RM 100,000 x 0.25% = RM 250
b. Residue = (RM 400,000 – RM 100,000)x 0.2% = RM 600
c. Total Valuation Fees = RM 250 + RM 600 = RM 850

Example 2

House value at RM 135K
Valuation Fees Calculation:
a. First RM100K = RM 100,000 x 0.25% = RM 250
b. Residue = (RM 135,000 – RM 100,000)x 0.2% = RM 70
c. Total Valuation Fees = RM 250 + RM 70 = RM 320

However, the minimum fee is RM 400 per property. Therefore, the house value at RM 135k, valuation fees is around RM 400.  

OR Click Here : http://MarketValue.wasap.my

This amount may not include the 6% GST and transport & documents charges.
Note: Valuation fees are for reference only. It may vary with actual valuation fees. It also may have different cost base on the location of the property. I have a study where valuation fees is much expensive at mainland Butterworth compare to Penang Island.


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