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What your property transfer fees will be in South Africa

Transfer fees and transfer duty are additional costs you'll need to pay on a home purchase. Find out how much you'll pay so you can budget correctly.

transfer fees south africa

Article summary

  • Transfer costs are paid to the conveyancing attorney who transfers the property to your name.
  • Transfer duty is a tax paid on the transfer costs. Properties valued below R1 100 000 are exempt.
  • The higher the value of the property, the higher your transfer costs and transfer duty.

When you purchase a home, you pay transfer costs, which is the fee paid to the conveyancing attorney who transfers the home to your name. The conveyancing attorney is hired by the seller but paid by the buyer.

These transfer costs include:

  • Transfer fee.
  • Transfer duty (a tax paid to SARS).
  • Deeds Office registration fee

Use our Transfer Cost Calculator to determine what you will pay on your transfer costs, including transfer duty and Deeds Office registration.

Transfer costs in 2024

Homebuyers want to know if the budget speech included any alterations to transfer costs.

There have been no alterations to transfer costs or transfer duty. The rate remains the same as the February 2023 to March 2024 rate.

Transfer costs depend on the value of the home. The higher the value, the higher the transfer costs.

See the chart below for more detail:

Value of property Cost
Does Not Exceed R100 000 R47
Exceeds R100 000 but does not exceed

R200 000

R107
Exceeds R200 000 but does not exceed

R300 000

R682
Exceeds R300 000 but does not exceed R600 000 R850
Exceeds R600 000 but does not exceed

R800 000

R1 196
Exceeds R800 000 but does not exceed

R1 000 000

R1 374
Exceeds R1 000 000 but does not exceed

R2 000 000

R1 544
Exceeds R2 000 000 but does not exceed

R4 000 000

R2 140
Exceeds R4 000 000 but does not exceed

R6 000 000

R2 596
Exceeds R6 000 000 but does not exceed

R8 000 000

R3 092
Exceeds R8 000 000 but does not exceed

R10 000 000

R3 615
Exceeds R10 000 000 but does not exceed

R15 000 000

R4 303
Exceeds R15 000 000 but does not exceed

R20 000 000

R5 169
Exceeds R20 000 000 R6 885

The transfer duty exemption rate remains R1 100 000 (in other words, properties worth less than R1 100 000 don’t require transfer duty.

Getting the best deal on your home purchase

Transfer costs and bond registration are just some of the additional costs you’ll need to factor into a home purchase.

In order to make room in your budget for these additional expenses, you’ll want to get the best deal on your home loan. A deal with low interest rates saves money that can be put towards the deposit, transfer fees and transfer duty.

To get the best home loan deal, apply with ooba Home Loans. We submit your application to multiple banks so you can compare deals and choose the one with the best interest rates.

Get a free home loan comparison.

Multiple quotes from the big banks to compare.

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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.

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