Conveyancing fees in South Africa are based mainly on the purchase price of the property, using a sliding scale in a guideline tariff, plus VAT and disbursements. On top of the conveyancer's fees, the buyer usually pays transfer duty to SARS.
What the buyer usually pays
- Transfer fees: the conveyancer's fee, scaled to the price
- Transfer duty to SARS, unless the sale is subject to VAT; properties below a threshold set by SARS pay none
- Deeds Office fees and other disbursements
- Bond registration costs, if there is a home loan
What the seller usually pays
- Bond cancellation costs, if the property has an existing bond
- Municipal rates and levies up to date for the clearance certificate
- Compliance certificates, such as the electrical certificate of compliance
- Estate agent's commission, if an agent was used
A conveyancing fees calculator gives a useful estimate, but ask the conveyancer for a written cost breakdown for your specific transaction before you sign.
This answer is general information about South African law and does not create an attorney and client relationship. Please speak to the firm about your specific matter.