Registration Cost Calculator
Calculate total registration costs including acquisition tax, bonds, and legal fees.
Overview
The Registration Cost Calculator comprehensively estimates the costs of property ownership transfer registration in Korea. Registration costs include acquisition tax, local education tax, rural special tax, stamp duty, national housing bond discount cost, judicial scrivener fees, and registration application fees. Use this tool before signing a purchase contract to plan your finances accurately.
Formula
Total Registration Cost = Acquisition Tax + Local Education Tax + Rural Special Tax + Stamp Duty + National Housing Bond Discount Cost + Judicial Scrivener Fee + Registration Application Fee • Acquisition Tax: Purchase price × Tax rate (1–3%, varies by number of homes and price) • Local Education Tax: Acquisition Tax × 10% • Rural Special Tax: Acquisition Tax × 10% (exempt for units ≤ 85㎡) • Stamp Duty: Fixed amount by price bracket (exempt ≤ 100M, 150K KRW for 100M–1B, etc.) • National Housing Bond: Purchase and immediate discount sale cost • Judicial Scrivener Fee + Registration fee (KRW 15,000 per case)
How to Use
- 1Enter the property purchase price (actual transaction price).
- 2Select the housing type (apartment, multi-family, officetel, etc.).
- 3Enter the exclusive area in square meters (㎡).
- 4Select the acquisition type (first-time buyer, standard, multi-home owner, etc.).
- 5Click 'Calculate' to see itemized registration costs and the total amount.
Tips
- ✔Properties with exclusive area of 85㎡ or less are exempt from rural special tax, reducing total registration costs.
- ✔Judicial scrivener fees vary by office, so get quotes from 2–3 firms for comparison.
- ✔It is standard practice to immediately sell national housing bonds at a discount; the actual cost depends on the discount rate.
- ✔First-time homebuyers may qualify for acquisition tax reductions (up to KRW 2M limit).
FAQ
Q. How is the acquisition tax rate determined?
Acquisition tax rates vary by property price and number of homes owned. For a single home at KRW 600M or less, the rate is 1%; for KRW 600M–900M it scales from 1–3%; above KRW 900M it is 3%. Second homes are taxed at 8% (in regulated areas), and third or more homes at 12%.
Q. How much do judicial scrivener fees typically cost?
Judicial scrivener fees generally range from KRW 300,000 to 800,000 depending on the purchase price. Higher-priced properties tend to incur higher fees. You can refer to the Korean Judicial Scriveners Association fee schedule as a guideline.
Q. Is purchasing national housing bonds mandatory?
Yes, purchasing national housing bonds is legally required for ownership transfer registration. It is customary to sell them immediately at a discount, and the discount rate fluctuates with market interest rates. Higher purchase prices require larger bond purchases.
Q. Who pays the registration costs — the buyer or the seller?
Ownership transfer registration costs (acquisition tax, stamp duty, scrivener fees, etc.) are borne by the buyer. The seller is responsible for costs such as mortgage cancellation registration.
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