50% is remitted from the stamp duty chargeable on any instrument of loan agreement and transfer for the purchase of only one unit of residential property costing not more than RM350,000 by an individual who is a Malaysian citizen, provided that:

  • the Sale and Purchase Agreement for the purchase of the residential property is executed on or after 1 Jan 2011, but not later than 31 Dec 2012;
  • at the date of execution of that Sale and Purchase Agreement, the individual does not own any other residential property (only applicable for first house buyer); and
  • the application for the remission of stamp duty may only be made once.

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85 Comments to 50% Stamp Duty on Residential Property

  1. mandy

    hello, i am the first time house buyer, i don’t know how much do i need to pay for all the legal fees, including s&p, stamp duty etc..
    i loan 338 400 from the bank. may i know how much do i need to pay for all the procedure fees?
    i know that the first time buyer should hv a 50% discount for the stamp duty ? right ?
    thankyou very much… :)

    Reply
    • Malaysia Loan

      Hi Mandy,
      Your estimated cost as below:

      Purchase Price = 338,400.00
      Bank Value = 338,400.00
      Loan Amount = 304,560.00
      Installment = 1,561.31
      Income Required = 3,469.58
      Valuation Fees = 770.41
      Sales & Purchase Agreement = 3,987.93
      Memorandum of Transfer = 5,768.00
      Loan Agreement Fees = 3,736.84
      Loan Agreement Stamp Duty = 1,522.80
      10% Downpayment = 33,840.00
      Total Estimated Fees Upon Purchasing = 49,625.97

      Since you entitle for the 50% discount on the stamp duty.
      so your :
      Memorandum of Transfer = 2884
      Loan Agreement Stamp Duty = 761.40

      So, your total estimated cost upon purchasing = RM45,980.00

      Reply
  2. Linda

    Hi,
    Can i know whether the 50% stamp duty is cover only for loan agreement stamp duty or also include the S&P agreement stamp duty?
    Purchase price = 232000
    Loan = 226577

    Thanks.

    Reply
    • Malaysia Loan

      Hi Linda,
      Yape the 50% stamp duty is cover for loan agreement and S&P stamp duty.

      Reply
  3. Hilmi

    Does this 50% stamp duty discount applies automatically on S&P and Loan Agreement? Or do we have to inform the lawyer to apply for it?

    Reply
    • Malaysia Loan

      Hi Hilmi,
      No automatically. U need to inform your lawyer about this. They will give u a form to fill in.

      Reply
  4. yuhan

    Hi, i am the first time house buyer, i don’t know how much do i need to pay for all the legal fees, including s&p, stamp duty etc..
    i loan 436 500 from the bank. may i know how much do i need to pay for all the procedure fees?
    i know that the first time buyer should have a 50% discount for the stamp duty ? right ?
    thank you very much…

    Reply
    • Malaysia Loan

      Hi Yuhan, May I know your purchase price please? If your purchase price is higher than 350K then you can’t entitled for 50% discount. Please read the article above for further details.

      Reply
  5. fahmimustafa

    Hi,
    my house is 340,000. lawyer gave me the exemption for S&P (RM2900).

    but when i check the bill for loan agreement stamduty it stated RM1615. my loan is 319,000 (0 cost).
    isn’t it suppose to be 807.5?

    Reply
    • Malaysia Loan

      Hi Fahmimustafa
      Your loan 319K x 0.5% = RM1435.50 but if you are the first house purchaser then u can get 50% of RM1435.50 = RM 717.75

      Reply
  6. ain

    Hi.
    I’m the 1st time buyer my house price is 124800 and my loan is 122000 but the developer said I need to pay rm 2000 for stamp duty..so is it the price after 50% off or not..thanks to advise

    Reply
    • Malaysia Loan

      Hi Ain,
      If your Purchase price is RM124,800 then your stamp duty = RM1,496 after 50% = RM748. And your loan amount is RM122,000 so the stamp duty is RM610;after 50% = RM305. So total should be RM1053. but normally lawyer will collect full amount first mean RM1,496+RM610 = RM2106. The 50% of the stamp duty will only refund to you later after confirmation from the land office.

      Reply
  7. Ong

    I’m the 1st time buyer my house price is 290,000 and my loan is 100% from government. May I konw how much should I pay for legal fees, stamp duty and etc

    Reply
    • Malaysia Loan

      Hi Ong,
      Base On Your LA: 290K
      1. Sales & purchase Agreement Legal Fees = RM3628
      2. Memorandum of Transfer Stamp Duty = RM4800x50% = RM2400
      3. Loan Agreement Fees = RM1450
      4. Valuations Fees = RM667

      Reply
  8. nitha

    hi,

    I’m the 1st time buyer and i don’t know how much do i need to pay for all the legal fees, including s&p, stamp duty etc….
    i loan 340 000 from the bank. may i know how much do i need to pay for all the procedure fees?
    and my income is RM2300 would i able to get 100% loan?

    Reply
    • Malaysia Loan

      Hi Nitha, Assume ur purchase price = RM374K

      1. Purchase Price = RM377K
      2. Loan Amount = RM340K
      3. Installment = RM1,662
      4. Net Income Required = RM3694
      5. Sales & Purchase Agreement = RM4,280
      6. Memorandum of Transfer = RM6,555
      7. Loan Agreement Fees = RM3,999
      8. Loan Agreement Stamp Duty = RM1700
      9. Valuation Fees = RM853
      10. 10% Down-payment = RM37,777
      11. Total Estimated Cost = RM55,167

      base on the calcualtion, i don’t think the bank will give u 100% finance

      Reply
  9. Aswiny devi

    Hi,

    I am a first buyer and I’m not sure of how much will the stamp duty, legal fees , s&p and etc. will come up to . Buying it from developer and expected to complete by 2014,and developer said they will bear the s&p fee. Pls kindly assist me , Ty. Purchase price – 413 000 , loan amount – 371 700.

    Regards,
    Ash

    Reply
    • Malaysia Loan

      Hi Ash,

      1. Purchase Price= 413,000.00
      2. Loan Amount= 371,700.00
      3. Instalment = 1,817.68
      4. Net Income Required = 4,039.28
      5. Sales & Purchase Agreement = 4,541.46 (Normally Developer will Waive This Only)
      6. Memorandum of Transfer = 7,260.00
      7. Loan Agreement Fees = 4,235.01
      8. Loan Agreement Stamp Duty = 1,858.50
      9. Valuation Fees = 928.56
      10. 10% Down-payment = 41,300.00
      11. Total Estimated Fees Upon Purchasing = 60,123.53 – 4541.56 = RM55,582.07

      Reply
  10. Kim

    Hi, I’m kim, I buy the house value rm300k, loan from bank 90%, i don’t know how much do i need to pay for all the legal fees, including s&p, stamp duty etc..

    Reply
    • Malaysia Loan

      Hi Kim,
      Your cost estimated as below:

        1. Purchase Price: RM300K
        2. Loan: RM270K
        3. Instalment: RM1320.00
        4. Net Income Required: RM2,934.00
        5. S&P Agreement Fees: RM4703.00
        6. Memorandum of Transfer: RM5,000.00
        7. Loan Agreement Fees: RM4,480.00
        8. Loan Agreement Stamp Duty: RM1,350.00
        9. Valuations Fees: RM689.00
        10. 10% Down-payment: RM30,000.00
        Total Estimated Cost = RM46,222.00
        First House Purchaser = RM43,047.40
      Reply

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