What is Valuation?
In finance, valuation is the process of determining the present value of an asset. In a business context, it is often the hypothetical price that a third party would pay for a given asset. Valuations can be done on assets or on liabilities.
Valuation Prices In South Africa
PRICE OF PROPERTY VALUATIONS
The cost of a property valuation is dependent on the value of the property and works on a sliding scale. Sometimes the fee can be based on an hourly rate, depending on the nature of the valuation.
Depending on what you need the property valuation for, you may want to get a free property valuation from a reputable estate agent or two (we can direct you to agents in the Garden Route if you do not know any).
| Value of Property | Basic Tariff | Additional to the Basic Tariff |
| Up to R50 000 | R500 | |
| From R50 000 to R150 000 | R500 | R15 per R1 000 over R50 000 |
| From R150 000 to R350 000 | R2 000 | R10,00 per R1 000 over R150 000 |
| From R350 000 to R500 000 | R4 000 | R8,00 per R1 000 over R350 000 |
| From R500 000 to R750 000 | R5 200 | R6,00 per R1 000 over R500 000 |
| From R750 000 to R1 000 000 | R6 700 | R4,00 per R1 000 over R750 000 |
| From R1 000 000 to R5 000 000 | R7 700 | R1,50 per R1 000 over R1 000 000 |
| From R5 000 000 to R10 000 000 | R13 700 | R1,40 per R1 000 over R5 000 000 |
| From R10 000 000 to R25 000 000 | R20 700 | R1,20 per R1 000 over R10 000 000 |
| From R25 000 000 to R50 000 000 | R38 700 | R0,70 per R1 000 over R25 000 000 |
| From R50 000 000 to R100 000 000 | R56 200 | R0,40 per R1 000 over R50 000 000 |
| Over R100 000 000 | R76 200 | R0,20 per R1 000 over R100 000 000 |
How is the valuation fee calculated?
Property valuation fees in Malaysia
The fees are typically shouldered by the property buyer: 0.25% of the first RM100,000 of the property’s market value. 0.20% of the next RM2 million of the property’s market value. 0.167% of the next RM7 million.
How do I find the value of my property in South Africa?
Hire an estate agent
It’s always best to go to a professional. Estate agents can provide a CMA (Comparative Market Analysis) which will take into account market forces along with the value and selling price of other properties in the area.