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 mass valuation services for local authorities are as below:

 

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

Minimum Fee : As above, but may be subject to a maximum discount of 30%. The above fee is inclusive of all costs, except for the additional claims for attendance at objection meetings and judical hearings.