Stamp Duty and Property Registration Charges in West Bengal

You are not liable to pay only the value of your property while purchasing it. You must pay stamp duty and registration charges to register your property against your name. This saves you and your property from any legal inconvenience in case of any dispute or fraudulent activity.

Registering your property in the municipal record is mandatory under the Registration Act. Therefore, consider reading to get a clear idea of West Bengal stamp duty.

What Are the Stamp Duty Rates in West Bengal?

In West Bengal, stamp duty and registration costs are deducted from the value of your property. For properties in the corporate area under 25 lakhs, the current stamp duty is 4%. The current stamp duty and registration fees are listed below (November 18, 2021).

Stamp Duty in Kolkata as Per Area Type

The stamp duty and registration charges of property in Kolkata based on its area are below –

Location of the Property	Stamp Duty (Property Below ₹25 Lakhs)	Stamp Duty (Property Above ₹40 Lakhs)
Corporation area (Howrah and Kolkata)	4%	5%
Notified area or Municipality Corporation or Municipal	4%	5%
Areas excluded from the above-mentioned categories	3%	4%

The registration fees across all places is the same, at 1% of the property value.

Stamp Duty on Different Property Deeds in West Bengal

The table below has stamp duty and registration charges in West Bengal based on the deed or status of your property –

Property Instrument	Stamp Duty	Registration Fee
Transfer of lease of government land in family members’ approval	0.5% of the market value of the property	Same as the transfer deed
Transfer cost of lease property in all other cases	Same as transfer deed on the market value of the property	Same as the transfer deed
Gift deed to family members	0.5% of the market value of the property	Same as the transfer deed
Gift deed except for family members	Same as transfer deed on the market value of the property	Same as the transfer deed
Power of attorney of property having a market value below ₹30 Lakhs	₹5,000	Nil
Power of attorney of property having a market value above ₹30 Lakhs and below ₹60 Lakhs	₹7,000	Nil
Power of attorney of property having a market value above ₹60 Lakhs and below ₹1 Crore	₹10,000	Nil
Power of attorney of property having a market value above ₹1 Crore and below ₹1.5 Crore	₹20,000	Nil
Power of attorney of property having a market value above ₹1.5 Crore and below ₹3 Crore	₹40,000	Nil
Power of attorney of property of a market value over ₹3 Crore	₹75,000	Nil
Sale agreement on a property with a market value less than ₹30 Lakhs	₹5,000	₹7
Sale agreement on a property with a market value between ₹30 Lakhs and ₹60 Lakhs	₹7,000	₹7
Sale agreement on a property with a market value between ₹60 Lakhs and ₹1 Crore	₹10,000	₹7
Sale agreement on a property with a market value between ₹1 Crore and ₹ 1.5 Crores	₹20,000	₹7
Sale agreement on a property with a market value between ₹1.5 crores and ₹ 3 crores	₹40,000	₹7
Sale agreement on a property with a market value above ₹3 Crore	₹75,000	₹7
Partnership deed up to ₹500	₹20	₹7
Partnership deed up to ₹10,000	₹50	₹7
Partnership deed up to ₹50,000	₹100	₹7
Partnership deed over ₹50,000	₹150	₹7

Stamp Duty and Property Registration Fees in Important Cities of West Bengal

Below you can see the West Bengal stamp duty in some of the major cities –

Name of the City	Stamp Duty (Property Below ₹25 Lakhs)	Stamp Duty (Property Above ₹40 Lakhs)
Kolkata	4%	5%
Howrah	4%	5%
Kharagpur	4%	5%
Durgapur	4%	5%
Siliguri	4%	5%

Registration fee for all locations is 1%.

How to Calculate Registration Charges and Stamp Duty in West Bengal?

West Bengal stamp duty is calculated either on the ready reckoner rates or consideration rate. However, you need to consider the rate which has the highest sum.

A ready reckoner rate is a minimum value to buy a property. Conversely, a consideration value is a total amount paid in any sale or purchase transaction as agreed between both parties.

Example: If the value of your property is ₹60,00,000 and the ready reckoner rate is ₹50,00,000, the stamp duty will be computed with the higher value. Here is how-

Reckoner Rate	₹6,000 per sq. m
Flat Size	1,000 sq.m
Total Value	₹60,00,000
Stamp Duty	6% of ₹60,00,000 = ₹3,60,000

The calculation for West Bengal property registration is-

Property Cost	₹60,00,000
Registration Fees	1% of ₹60,00,000 = ₹60,000

Steps to Use a Stamp Duty Calculator

Instead of calculating the stamp duty by hand, you may just use an online calculator. You’ll save time and work by doing this. Utilize the straightforward instructions below to use an online calculator:

Step 1: Visit the West Bengal stamp duty calculation page. Choose the Transaction Major, Transaction Minor, and Local Body that are necessary.

Step 2: Fill out the captcha that appears on the website and the market worth of your property.

Step 3: If you select “Display,” you will be able to see the computed stamp duty and registration fees.

How to Pay Stamp Duty and Registration Fees in West Bengal?

You can pay West Bengal stamp duty both online and offline.

Online Procedure

- - Visit the official website of WB registration for e-Payment of Stamp Duty. Then click on “e-Payment of Stamp Duty & Regn. Fees” from “e-Payment and Refund” section.
  - Enter your query number as asked in the redirected page along with the query year.
  - Click on “Check Query Status”. A page will appear where you need to enter your bank details.
  - Then click on ‘Proceed for e-Payment’ to complete your e-payment of the stamp duty in West Bengal.

Offline Procedure

The other ways to pay stamp duty are-

- Physical stamp paper
- Franking

Things to Think About Before Paying West Bengal Stamp Duty

The following are important considerations to bear in mind when paying West Bengal stamp duty fees:

All of your assets must be stamped either before registration or the next working day after the effective date. The deed must be stamped within three months if all parties sign it outside the boundaries of the property.
After the transaction date, the stamp paper must be issued within six months.
West Bengal stamp duty may be paid with adhesive stamps. To avoid them being used again, the registration authority removes the stamps at the time of execution.
Additionally, it needs to be issued in the names of both parties to a transaction.

What Are the Factors That Affect Stamp Duty in West Bengal?

Factors	Effect on Stamp Duty Rates
Area of a Property	West Bengal property registration fees are usually higher in the municipal or corporation area.
Type and Use of a Property	Stamp duties vary on the type and usage of your property. It will always differ based on whether it is a flat, house or land. Also, it will vary if your property is commercial or residential. Commercial property will always have higher stamp duty.
Status of the Property	West Bengal stamp duty will be higher if your property has modern amenities and high-tech facilities like elevators, a fitness area, a swimming pool. It will also vary upon the age of your property.
Age of the Owner	The property owner’s age will influence the stamp duty as almost every state subsidises the charges for senior citizens.
Owner’s Gender	In most cities, stamp duty rates are slightly lower for women than men.

Are Tax Benefits Available on Stamp Duty and Registration Charges?

Stamp duty, registration costs, as well as any other fees directly associated with the transfer, are tax deductible. According to Section 80C of the Income Tax Act of 1961, the maximum deduction is 1,50,000.

This deduction is allowable for both individuals and HUFs on-

- - their tax return for income.
  - the calendar year in which they actually paid for these costs.

West Bengal stamp duty is a required tax that is fully refundable. Paying less stamp duty during a property registration process is not permitted by law. To avoid paying stamp duty, it is illegal to undervalue real estate and estimate a low market value.

Along with a severe punishment, you can also spend some time in jail. Additionally, if you own real estate or commercial property, you risk losing your reputation. Therefore, be sure to register your property in West Bengal with the correct registration fees and stamp duty.