Scale of fees

Scale of fees - Valuation services

The following shows standard fee scale based on the Seventh Schedule (Rule 48) of Valuers, Appraisers and Estate Agents Act 1981.

Fee for capital valuation / rating valuation services based on an "Improved Value" basis

1/4% on the first RM100,000
1/5% on the residue up to RM2 million
1/6% on the residue up to RM7 million
1/8% on the residue up to RM15 million
1/10% on the residue up to RM50 million
1/15% on the residue up to RM200 million
1/20% on the residue up to RM500 million
1/25% on the residue over RM500 million

Minimum fee: As above, subject to a minimum fee of RM400 per property

Fee payable by the Land Administrator under the Land Acquisition Act for Valuation Report

Value from RM1 to RM50,000 - Fee of RM1,500
Value from RM50,001 to RM500,000 - Fee of RM2,500
Value from RM500,001 to RM1,000,000 - Fee of RM3,500

For awards greater than RM1 million, the fee shall be a minimum of RM3,500 plus the fee based on the following rate:

From RM1,000,001 to RM2,000,000 - 6/25%
From RM2,000,001 to RM7,000,000 - 5/25%
From RM7,000,001 to RM15,000,000 - 3/20%
From RM15,000,001 to RM50,000,000 - 3/50%
> RM50,000,000 - 6/250%

The fees payable shall be based on the amount awarded by the District Land Administrator. It shall be payable upon the submission by the person claiming compensation based upon a Valuation Report prepared by a registered Valuers or Appraiser in accordance with the guidelines issued by the Board of Valuers, Appraisers & Estate Agents for the Valuation Report. It does not include disbursements nor fees/disbursements for work done in preparation for negotiations and court attendance.

Valuation services
- Capital / Rating valuation
- For land acquisition cases
- Submission to SC / Central Bank & Plant & Machinery valuation
- Rental / Rating valuation
- Mass valuation for local authorities
- Update valuation
- Revaluation
- Retrospective valuation
- Additional claims

Property management
- Property management services
- Additional claims

Real estate agency
- Sale or purchase
- Lettings
- Rent reviews
- Additional claims

Fee for capital valuation for submission to Securities Commission, Central Bank of Malaysia and Plant & Machinery valuation services

3/8% of the first RM100,000
3/10% of the residue up to RM2 million
1/4% of the residue up to RM7 million
3/16% of the residue up to RM15 million
3/20% of the residue up to RM50 million
1/10% of the residue up to RM200 million
1/15% of the residue up to RM500 million
1/20% on the residue over RM500 million

Minimum fee: As above, subject to a minimum fee of RM2,000 per property.

Fee for rental and rating valuation services

7% on the first RM6,000 of annual rental
4% on the next RM12,000 of annual rental
3% on the next RM24,000 of annual rental
2.5% on the next RM120,000 of annual rental
1.5% on the next RM838,000 of annual rental
1% on the residue over RM1,000,000 of annual rental

Minimum fee: As above, subject to a minimum fee of RM400 per property.

Fee for mass valuation services for local authorities

RM45 per holding for the first 30,000 holdings
RM40 per holding for the next 20,000 holdings
RM35 per holding for the balance

The above fee is inclusive of all costs except for the additional claims for attendance at objection meetings and judicial hearings.

Fee for update valuation

For all update valuations carried out under the Malaysian Valuation Standards published by the Board, the fees payable shall be at a minimum of 15% of the appropriate scale of fees or RM400 per property, whichever is higher.

Fee for revaluations

For revaluations carried out under the Malaysian Valuation Standards published by the Board, the fee payable shall be a minimum of 30% of the appropriate scale of fees or RM400 per property, whichever is higher.

Fee for retrospective revaluations

Fees up to ten times the scale fees may be charged, depending on negotiations with the client. However, such valuations shall not apply to land acquisition valuations. Such valuations must be retrospective to at least 5 years from the current date.

Additional claims

In addition to the above fees, claims may be made for the following:

The cost of printing, plans, copies of documents, lithography travelling and other expenses actually incurred;
A fee of RM 150 per hour or RM 800 per working day of 8 hours for negotiations, attendance at meetings with solicitors, consultants or authorities;
A fee of RM 200 per hour or RM 1000 per working day of 8 hours for giving evidence before judicial bodies;
Additional fees can be charged to the client for additional works done in preparation for negotiations and court attendance.