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The Board of Valuers, Appraisers and Estate Agents
(statutory
regulator of the valuation of immovable property and the valuation
profession)
has prescribed a standard fee structure in the SEVENTH
SCHEDULE (RULE 48).
According to this standard, the fee structure the Land
Administrator under the Land Acquisition Act for Valuation reports are
as below:
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From (RM)
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To (RM)
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Fees (RM)
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1
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50,000
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1,500
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50,001
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500,000
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2,500
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500,001
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1,000,000
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3,500
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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:
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From (RM)
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To (RM)
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Rate (%)
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1,000,001
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2,000,000
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6/25%
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2,000,001
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7,000,000
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5/25%
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7,000,001
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15,000,000
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3/20%
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15,000,001
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50,000,000
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3/50%
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> 50,000,000
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6/250%
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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.
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