Stamp Duty (Memorandum of Transfer and Loan Agreement) – Stamp Act 1949 – for normal case without remission

STAMP DUTY

In addition to Legal Fees, a buyer will also need to pay ad valorem stamp duty on the property transfer:

 

Consideration or Adjudicated Value Ad-Valorem Stamp Duty
First RM100,000.00 1%
Next RM400,000.00 2%
Thereafter 3%

Stamp Duty Calculator

For example:

If the property price is RM550,000.00, the calculation is:
First RM100,000.00 @ 1% RM   1,000
Next RM400,000.00 @ 2% RM   8,000
Next RM50,000.00 @ 3% RM   1,500
Total Stamp Duty Payable
RM10,500

For Loan Agreement

Loan Amount x  0.5 %

 

 

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