Power Brokers Power Short Term Kajals At The Catwalk Kajal Bunwarie Education & Sports Trust Power Property Guidelines previous page Funds Required when Investing in a Home COST DESCRIPTION  HOW IS IT PAID? DEPOSIT The money you have available to put towards the the purchase of your property Paid to the attorney BOND COSTS This is an amount charged by the attorney for registering the mortgage bond Paid to the attorney TRANSFER FEE Transferring the property into the buyer’s name.   TRANSFER DUTY This is a government tax that covers the transfer of property Charged to the home loan acc ASSESSMENT FEE This is a charge levied by the bank for placing a value on your property Charged to the home loan acc DEEDS OFFICE REGISTRATION A fee charged by the deeds office for the registration of the title deeds & mortgage bond Paid to the attorney, then to deeds office  TRANSFER OF PROPERTY TO AN INDIVIDUAL    PROPERTY PURCHASE PRICE  R200 000-00  INITIATION FEE  R 199.50  ASSESSMENT FEE  R 456.00          ( TOTAL BANK COSTS )  TRANSFER DUTY  R 000.00  ATTORNEYS FEES  R3500.00  REGISTERING TITLE DEED  R 260.00  VAT  R 490.00   REGISTRATION COSTS  R2768.00      TOTAL COST PAYABLE  R7673.50       ( TOTAL TRANSFER COST )    THE ABOVE ARE QUOTED RATES AND SUBJECT TO CHANGE Copyright © 2012