Skip to content

What does transfer duty mean?

Transfer duty refers to the tax that you pay on a transfer of property.

This tax is paid to SARS and is dependent on the value of the property. Properties valued below R1 100 000 are exempt. 

Here are the rates in more detail:

Transfer duty (1 March 2023 – 29 February 2024)

Value of property  Rate
Under R1 100 000 0%
R1 100 001 – 1 512 500 3% of the value above R1 100 000
R1 512 501 – 2 117 500 R12 375 + 6% of the value above R 1 512 500
R2 117 501 – 2 722 500 R48 675 + 8% of the value above R 2 117 500
R2 722 501 – 12 100 000 R97 075 +11% of the value above R2 722 500
R12 100 001 and above R1 128 600 + 13% of the value exceeding R12 100 00

You can also use our Transfer Cost Calculator to determine what you will pay on transfer duty (as well as your transfer and bond registration cost).

It’s important to know the additional costs you pay on a home purchase, and transfer duty is one of them, along with transfer costs and bond registration.

Note that transfer duty is paid to SARS but transfer costs are paid to the conveyancing attorney who transfers the property.

You should find out what home loan you will qualify for by getting prequalified. This will help you budget appropriately, as you’ll have an idea of the price range for your home purchase together with your transfer costs.

You can get prequalified by contacting an expert at ooba Home Loans or by using our free, online prequalification tool, the Bond Indicator.

Get prequalified for a home loan today

DIY with our online prequalification tool, or speak to an expert.

GET PREQUALIFIED

Ranked #1 in Banking on Hellopeter

hello-peter
image-stars

Average rating of 4.86 from over 4 550 reviews

Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M