Hi all,

Welcome to my third and last installment on Lesson 2. This last instalment is on the Land title transfer charges as well as tranferring the Title Deed to the bank as charge.

• Lesson 2.3 - Title Transfer

Land Title transfer is the most important as well as the most expensive legal process in your home buying process. It involves the division of the Master Title (as held by the developer) into individual land titles/deeds for the individual house buyers.

For the case of Condominiums/Apartments or Flats, individual Strata titles will be issued to all house buyers of the mentioned property.

In Malaysia, individual property owners would need to pay a Stamp Duty on the Title transfer. The total stamp duty is calculated based upon the purchased price (Price as documented in the SnP Agreement) and the amount payable can be calculated using the guidelines below

•  For the 1st RM100,000      –>  1%
•  For the next RM100,000 to RM2,000,000 –> 2%

Take for an example a property worth RM300,000. The Stamp duty for the title transfer will amount to almost RM5000.

As for the lawyer fees for this process, typically you will have to fork out roughly ~1/3 the amount that you have paid for your SnP Lawyer fees earlier.

Having Individual or Strata titles as soon as possible is important Read more »