Property Valuation

How to find out the current value of your property and discover how to get the most value from it?

One of the ways to checks current market value of your home is to appoint a valuation company to conduct a valuation report. But there will be a charge for the services. Do you know how much the cost of 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.  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.

Source: www.jurunilai.com.my

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