Seventh Schedule (RULE 48)

A. VALUATION

1. Fees payable by the Land Administrator under the Land Acquisition Act for Valuation reports.

From (RM)

To (RM)

Fees (RM)

1

50,000

1,500

50,001

500,000

2,500

500,001

1,000,000

3,500

For awards greater than RM1,000,000 the fee shall be a minimum of RM 3,500 plus the fee based on the following rate:

From (RM)

To (RM)

Rate (%)

1,000,001

2,000,000

6/25%

2,000,001

7,000,000

5/25%

7,000,001

15,000,000

3/20%

15,000,001

50,000,000

3/50%

> 50,000,000

 

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 valuer or appraiser in accordance with the guidelines issued by the Board for the valuation report. It does not include disbursements nor fees/disbursements for work done in preparation for negotiations and court attendance.

2. Fee for capital valuation for submission to Securities Commission, the  Central Bank of Malaysia and plant and machinery valuation services.

3/8 % on the first RM 100,000

3/10 % on the residue up to RM 2 million

1/4 % on the residue up to RM 7 million

3/16 % on the residue up to RM 15 million

3/20 % on the residue up to RM 50 million

1/10% on the residue up to RM200 million

1/15% on the residue up to RM500 million

1/20% on the residue over RM500 million

Minimum Fee : As above, subject to a minimum fee of RM 2,000 per property.

3. Fee for other capital valuation/rating valuation services based on an “Improved Value” basis.

1/4 % on the first RM 100,000

1/5 % on the residue up to RM 2 million

1/6 % on the residue up to RM 7 million

1/8 % on the residue up to RM 15 million

1/10 % on the residue up to RM 50 million

1/15% on the residue up 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 RM 400 per property.

4. Fee for rental and rating valuation services.

7 % on the first RM 6,000 of annual rental

4 % on the next RM 12,000 of annual rental

3 % on the next RM 24,000 of annual rental

2.5 % on the next RM 120,000 of annual rental

1.5 % on the next RM 838,000 of annual rental

1 % on the residue over RM 1,000,000 of annual rental

Minimum Fee : As above, subject to a minimum fee of RM 400 per property.

5. Fee for mass valuation services for local authorities.

RM 45 per holding for the first 30,000 holdings

RM 40 per holding for the next 20,000 holdings

RM 35 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.

 

5A. Fees 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.

 

5B. Fees 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.

5C. Fees for Retrospective Valuations

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.

6. Additional Claims.

In addition to the fees stated in (1) to (5C) claims may be made for :

1.       The cost of printing, plans, copies of documents, lithography travelling and other expenses actually incurred;

2.       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;

3.       A fee of RM 200 per hour or RM 1000 per working day of 8 hours for giving evidence before judicial bodies;

4.       Additional fees can be charged to the client for additional works done in preparation for negotiations and court attendance.

Note :

1.       The fees stated in items 6(2) and 6(3) are chargeable for actual appearance at meetings or before judicial bodies. In the case of postponements, adjournments, etc, (where less than 24 hours notice is given) a minimum fee of RM 400 is chargeable if the meeting or judicial appearance is in the same town/city as the location of the practice and a minimum fee of RM 800 is chargeable if the meeting or judicial appearance is outside the location of the practice.

2.       The claims and fees stated in item 6(1) to 6(4) with respect to land acquisition valuations shall not be claimed against the land administrator.