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If you want to buy a property, you have to get an idea of stamp duty. A buyer should give stamp duty and registration fees to the West Bengal government. The West Bengal government collects all the charges from property buyers under section 3 of the Indian Stamp Act, 1899 and the Registration Act 1908. 

 

What is Stamp Duty? 

This is a tax that every property buyer should provide to the state government. This tax has been levied on buyers who want to hold any property. You must pay the registration charges for flats in West Bengal. The stamp duty charges are similar for everyone. 

 

How Important is the Stamp Duty and Registration Fee in Bengal is? 

The importance of registration and stamp duty charges in West Bengal is as follows - 

• The charges are a potential source of income for the government. The funds get collected and put to use for the welfare of the people. 
• The payment is valid proof and becomes legal evidence of your property. 
• These charges are crucial to establish ownership rights. 
• The registration and stamp duty charges in Kolkata stabilise the market economy, ensuring no fraud or speculation. 

 

Stamp Duty Procedure 

The payment of stamp duty and registration fees in West Bengal should be timely and any discrepancies can cost you a penalty. Unable to pay can cost you 2% to 200% of the penalty of the actual payment in Bengal. 

The fee is charged on all types of things attached to an immovable property, except on the relocation of property by will. That means if your property has been transferred through a will, you mustn’t pay it. 

This fee can be made through many modes of transaction. Cash, demand draft, cheque, RTG, pay order and online mode are some choices.

 

Duty and Registration Charges 

The West Bengal government usually fixes the registration and stamp duty charges in Kolkata. The stamp duty rate in Kolkata is 4% if your property value is below 25 lakh rupees. If your property value is more than the mark of 40 lakhs of rupees, 5% is the charge. The property registration charges have been fixed at 1%.

You need to understand the property registration charges in Kolkata specifically. The stamp duty for property at 25 lakhs and below is 6% and the charge for property valued above 25 lakhs is 7%. The registration fee is 1% fixed. The rates are similar for places falling under municipal areas. 

 

Reduction in Stamp Duty 

The government has announced a reduction of stamp duty by 2% and decreased the circle rate by 10%. 

 

Overview of the Market

It is important to understand the ins and outs of stamp duty and registration charges in West Bengal. Buyers looking for flats in Kolkata can get delusional at the thought of paying charges, taxes and penalties in particular. 

 

Deal of a Lifetime 

Forget about penalties from now on, buyers can channel this thought onto something as Salarpuria housing projects address the burning issues of the buyers, property registration charges in Kolkata. 

With stunning quality apartments, hi-tech amenities, comfort and a nurturing environment, they provide customers with a serene life and lifestyle. This group gave an ear to this problem where buyers are stuck while paying hefty stamp duty charges.

If you choose 2 BHK or 3 BHK apartments from the various projects created by the Salarpuria group, they’ve got your back. You need to chill while we help in paying your stamp duty and registration bills.

 

FAQs

 

Q1. What are the rates of registration and stamp duty charges in West Bengal 2024? 

Ans: For Kolkata and Howrah corporations, stamp duty for property below 25 lakhs of rupees is 6%. The rates are the same for places falling under municipal areas. The areas, not falling under the above two, have been assigned at 5%. The registration fee for all is 1%.  

 

Q2. What is the news regarding stamp duty in West Bengal?

Ans: The charge is 2% less now and the circle rate is less than 10% due to the impact of the COVID-19 pandemic on the people. 

 

Q3. What is the new stamp duty rate in Bengal in 2024? 

Ans: The duty charge stands at 6% for the property valued below 25 lakhs and 7% for the property valued more than 40 lakhs. 

 

Q4. What are the registration charges in West Bengal? 

Ans: The registration fee for the corporation areas, municipality areas and other areas is 1% for all.