A conveyancer is an Attorney, who has passed the required conveyancing examinations. Phillip Silver Mathura Inc. is a committed and specialist property law firm, dedicated to efficient and effective conveyancing transactions namely:
Property conveyancing and registration; being the transfer of immovable property
Mortgage Bond Registration and Cancellation, including:
Special and General Notarial Bonds
Continuing Covering Bonds
General Security Mortgage Bonds
Mortgage Bond Cancellations
Property Developments, Subdivisions and Consolidations
Registration of Servitudes
Opening of Sectional Title Registers
Property Litigation including Foreclosures and Sales in Execution
Drafting of Offer to Purchase, Sale Agreements and Deeds of Sale
Buyers and sellers
The Deeds Office
South African Revenue Services
BOND REGISTRATION PROCESS
COPY OF DRAFT TITLE DEED AND
GUARANTEE REQUIREMENTS REQUESTED
FICA DOCUMENTS REQUESTED
GUARANTEE AND BOND REGISTRATION
BUYER SIGNS DOCUMENTS AND PAYS
BOND REGISTRATION COSTS
GUARANTEES SENT TO TRANSFERRING ATTORNEY
LODGEMENT IN THE DEEDS OFFICE
The buyer and seller signs an Offer to Purchase.
The buyer makes an application for a loan to the Bank; setting out full details of assets and liabilities.
The Bank approves the bond and instructs the Bond Attorney to register the bond.
The Bond Attorney contacts the Transferring Attorney
and requests a copy of their draft title deed and
The Bond Attorney requests copies of identity documents, marriage certificates and proof of address from the buyer.
The Bond Attorney draws up the bond documents for signature.
The buyer is called to sign bond documents and is requested to pay legal fees, thereafter the documents
are submitted to the bank.
The Bond Attorney forwards the guarantees to the Transferring Attorney to secure payment of the
The Power of Attorney and Mortgage Bond are lodged
with the Deeds Registries office for registration.
Registration takes place 5-10 working days after lodgment.
Transfer Duty is a tax, payable by the purchaser, on the value of the immovable property to the South African Revenue Services, prior to the transfer of ownership of the property.
Value of Property Rate of Transfer Duty
R0 – R1 000 000 0% (exempt from Transfer Duty)
R1 000 001 – R1 375 000 3% of the value above R1 000 000
R1 375 001 – R1 925 000 R11 2500 + 6% of the value above R1 375 000
R1 925 001 – R2 475 000 R44 250 + 8% of the value above R1 925 000
R2 475 001 – R11 000 000 R88 250 + 11% of the value above R2 475 000
R11 000 001 and above R1 026 000 + 13% of the value above R11 000 000
“Given the National State of Disaster, the South African Reserve Bank's monetary policy committee has unanimously voted to reduce the repo rate from 6.5% to 6.25%. As a result of the cut, the prime rate will be directly affected and fall to 9.75%.” 19 March 2020
Office: +27 (0)11 646 8411
10 Melrose Boulevard, Melrose Arch, Johannesburg
PO Box 87249, Houghton, 2041