Valuers Scale of Fees-Kenya(Professional Valuation Fees)
This is the basis of calculating the valuation cost in Kenya as provided under the Scale of fees, Valuers Act- Cap. 532 of the Laws of Kenya.
THE VALUERS (FORMS & FEES)(AMENDMENT) RULES, 2011
1.Urban, Rating and Agriculture Valuation
First Kshs. 2,000,000 at 1.0 per cent
Residue at 0.25 per cent
2.Compulsory Acquisition Valuation
First Kshs. 2,000,000 at 2.0 per cent
Residue at 0.5 per cent
3. Rental Valuation
First Kshs. 400,000 p.a at 10 per cent
Residue at 5 per cent.
4. Plant, Machinery and Automobile,
First Kshs. 5,000,000 at 1.5 per cent
Residue at 0.5 per cent.
5. Furniture, Fittings, Equipment, Trading Stock and Going
First kshs. 1,000,000 at 5 per cent
Residue at 2.5 per cent.
6. Minimum Valuation Fees
kshs.15,000 for any valuation.
A minimum of Kshs. 5,000 per hour where such consultancy does not involve carrying out a valuation and compilation of a valuation report and advising on the value of the property.
8.Travelling Expenses and disbursements:
These shall be based on the costs incurred in undertaking the valuation.