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Home Sectional Title Costs

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Setional Title Cost Calculator
The Namibian Sectional Titles Act (2 of 2009) came into operation on 15 December 2014. Owners of sectional-title units in these complexes now face several changes in their ownership rights and payment methods for rates and taxes in terms of the new act. Specifically in relation to costs involved, unlike the previous Act, the new Act allows municipalities to levy rates and taxes from individual owners of units.
The legislature also implemented a different cost structure in as far as dealings with ownership in and to these units.

This calculator allows you to determine the costs associated with the purchase and registration of property. Transfer cost would include deeds office fees, duties and taxes as well as attorney's transfer fees. This calculator is concerned with calculating transfer costs only, excluding additional legal work as well as valuation fees. Transfer costs together with future rates and taxes or Body Corporate levies are often overlooked by the purchaser when buying a property.

To calculate Sectional Title Transfer Registration Costs:
Type in the purchase price of the property, scroll down to the second column to indicate whether the purchaser is a natural person/individual or a corporate entity (company, close corporation or trust).

Scroll down and press calculate.

Purchase Price
Purchaser


This calculator allows you to determine the costs associated the registration of the home loan/mortgage. It would include duties, deeds office fees as well as attorney's bond registration fees and possible admin or bank fees. These costs are often overlooked when purchasing a property and should be taken into account when assessing your affordability to make sure you aren't in for any surprises. This calculator however will not include possible valuation or initiation fees.

To calculate Sectional Title Bond Registration Costs:
Type in the actual bond amount (purchase price minus any deposits).

Scroll down and press calculate.

Bond Amount