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.
First Kshs. 5,000,000 at 2.0 per cent
Residue at 0.5 per cent
First Kshs. 800,000 per annum at 10 per cent
Residue at 5 per cent.
First kshs. 2,000,000 at 5.0 per cent
Residue at 2.5 per cent.
First Kshs. 10,000,000 at 1.5 per cent
Residue at 0.5 per cent
First kshs. 1,000,000 at 1.0 per cent
Residue at 0.25 per cent.
First kshs. 5,000,000 at 1.0 per cent
Residue at 0.25 per cent.
Where the fees charged under items 1,2,3,4 or 6 is below Kshs.25,000 the minimum fees shall be Kshs. 25,000 PROVIDED that in all instances where more than one set of values is provided in a valuation, assessment of the fees shall be based on the highest of the set of values.
A minimum of Kshs. 3,000 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.
Minimum Kshs. 3,000 per hour or any part thereof.
Kshs. 1,000 first 10 pages, Kshs. 100 for each additional page.
These shall be based on the costs incurred in undertaking the valuation with transport cost as per prevailing Automobile Association of Kenya mileage rate and daily subsistence allowance as prescribed by the Salaries and Remuneration Commission.