On Friday, the Minister of Land Reform and Rural Development published the anticipated annual amendment to the Schedule of Fees of Office, as prescribed by the Regulations to the Deeds Registries Act.
The amendments, which apply nationally and are scheduled to come into effect on 1st April 2025, include an across-the-board increase in the costs to register a transfer and bond. Additionally, the Minister has introduced a new fee: a lodgement fee of R50.00 per deed/document, excluding RDP housing-related lodgements.
The fee for issuing a VA copy to replace a lost, destroyed, or misplaced title deed is now R624.00 per copy, the cancellation of a mortgage or notarial bond and a section 4(1)(b) application will each set you back R169.00, and requests for copies of title deeds will now cost R103.00 per copy.
At STBB, we endeavour to keep you informed of all relevant property law and conveyancing-related developments.
If you’re a property owner, prospective purchaser, or astute estate agent, why not download our revolutionary STBB Direct mobile application to keep track of the impact of Deed Registry fee changes on transfer and bond costs?
Accessible and free to download, STBB Direct is a one-stop property platform for sellers, purchasers, mortgage bond originators, developers, and bondholders that allows you to perform a range of convenient cost calculations on the go.
Moreover, you can track the progress of your property transactions directly from your mobile device. Receive live updates of your matters – anytime and from anywhere.
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For further information or to work with one of our trusted property law specialists, contact us at info@stbb.co.za.
