Stamp Duty and Property Registration Charges in West Bengal
WB 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.
ย Property Registration in the municipal record is mandatory under the Registration Act. Therefore, consider reading to get a clear idea of Stamp Duty and Property Registration Charges in West Bengal.
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 rate in West Bengal and registration fees are listed below (November 18, 2021).
WB Registration Portal:ย
Now days many people don’t know about WB registration portal. You must have to visit official site ofย stamp duty and property registration charges in West Bengal. Because you have to visit their site at least once to get your correct information. Because the official website under the Government of West Bengal will analyze the right information and provide you the right benefits and help you take the right decision.
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 โน25 Lakhs) | Stamp Duty (Property Above โน40 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 property registration charges in West Bengal based on the deed or status of your property. Same goes for stamp duty and registration charges in Kolkata –
| Property Instrument | Stamp Duty | Registration Fee |
| Transfer of lease of government land in family membersโ 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 โน30 Lakhs | โน5,000 | Nil |
| Power of attorney of property having a market value above โน30 Lakhs and below โน60 Lakhs | โน7,000 | Nil |
| Power of attorney of property having a market value above โน60 Lakhs and below โน1 Crore | โน10,000 | Nil |
| Power of attorney of property having a market value above โน1 Crore and below โน1.5 Crore | โน20,000 | Nil |
| Power of attorney of property having a market value above โน1.5 Crore and below โน3 Crore | โน40,000 | Nil |
| Power of attorney of property of a market value over โน3 Crore | โน75,000 | Nil |
| Sale agreement on a property with a market value less than โน30 Lakhs | โน5,000 | โน7 |
| Sale agreement on a property with a market value between โน30 Lakhs and โน60 Lakhs | โน7,000 | โน7 |
| Sale agreement on a property with a market value between โน60 Lakhs and โน1 Crore | โน10,000 | โน7 |
| Sale agreement on a property with a market value between โน1 Crore and โน 1.5 Crores | โน20,000 | โน7 |
| Sale agreement on a property with a market value between โน1.5 crores and โน 3 crores | โน40,000 | โน7 |
| Sale agreement on a property with a market value above โน3 Crore | โน75,000 | โน7 |
| Partnership deed up to โน500 | โน20 | โน7 |
| Partnership deed up to โน10,000 | โน50 | โน7 |
| Partnership deed up to โน50,000 | โน100 | โน7 |
| Partnership deed over โน50,000 | โน150 | โน7 |
Stamp Duty Charge
Stamp Duty in top 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 โน25 Lakhs) | Stamp Duty (Property Above โน40 Lakhs) |
| Kolkata | 4% | 5% |
| Howrah | 4% | 5% |
| Kharagpur | 4% | 5% |
| Durgapur | 4% | 5% |
| Siliguri | 4% | 5% |
Registration fee for all locations is 1%.
What is property registration Charges?
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 โน60,00,000 and the ready reckoner rate is โน50,00,000, the stamp duty will be computed with the higher value. Here is how-
| Reckoner Rate | โน6,000 per sq. m |
| Flat Size | 1,000 sq.m |
| Total Value | โน60,00,000 |
| Stamp Duty | 6% of โน60,00,000 = โน3,60,000 |
The calculation for West Bengal property registration is-
| Property Cost | โน60,00,000 |
| Registration Fees | 1% of โน60,00,000 = โน60,000 |
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
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-
- Visit theย official website of WB registration for e-Payment of Stamp Duty. Then click on โe-Payment of Stamp Duty & Region. Feesโ from โe-Payment and Refundโ section.
- Enter your query number as asked in the redirected page along with the query year.
- Click on โCheck Query Statusโ. A page will appear where you need to enter your bank details.
- Then click on โProceed for e-Paymentโ 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 Stamp Duty Payment West Bengal
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 ownerโs age will influence the stamp duty as almost every state subsidises the charges for senior citizens. |
| Ownerโs 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.
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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.
This stamp duty and property registration in West Bengal is done in a very simple way and with experienced expertise by B. Pramanik & Association. It is the no 1 legal Consultancy in West Bengal. The owner of this property is Advocate Banshidhar Pramanik, who has been providing property registration services all over West Bengal for the past 10 years.
If you need to any query about stamp duty and property registration in West Bengal.ย you can contact to directly via WhatsApp, Mail and Website.
Best property Registration Consultancy in Kolkata
B.Pramanik & Associates โ NGO & Trust Consultancy in India having its office located at 158, Dumdum Road, Kolkata โ 700074, West Bengal | Phone: +91 6289064067 | +91 93390 55647
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