Stamp Duty and Registration Charges in West Bengal 2024, Fees

Stamp Duty and Registration Charges in West Bengal

To transfer ownership of a property in West Bengal, buyers must pay stamp duty and registration fees to the state revenue department. The West Bengal government has announced an intriguing development. A stamp duty rebate for property transfers within families via gift deeds. Currently, 0.5% of the property value must be paid in stamp duty when transferring real estate through a gift deed. If you are planning to purchase a home in this east Indian state this year then read the article below to know about Stamp Duty and Registration Charges in West Bengal

Stamp Duty and Registration Charges in West Bengal 2024

West Bengal Stamp Duty is collected on property by the State Government in accordance with Section 3 of the Indian Stamp Act 1899. One kind of tax that the buyer of real estate in West Bengal has to pay to the government is the stamp duty charge.

To prevent any related penalties, the stamp duty at the time of the property purchase must be paid on time and in full. In the event of a failure, the fine for failing to pay stamp duty may range from 2% to 200% of the outstanding West Bengal stamp duty amount.

All documents pertaining to real estate in West Bengal are subject to stamp duty. On the other hand, when immovable property is transferred by a will, it is not relevant to the transfer by Will instrument.

A maximum of Rs 1000 will be charged as a stamp duty on property transfers within the family by Gift in order to provide relief to the citizens of West Bengal. The table below shows stamp duty in west Bengal

Location of propertyProperty worth up to Rs 1 croreProperty worth over Rs 1 croreRegistration charge
Rural area3%4%1%
Urban area4%5%1%

Banglarbhumi West Bengal Land Record

The table below shows the Stamp duty for women in West Bengal

Location of propertyProperty worth up to Rs 1 croreProperty worth over Rs 1 croreRegistration charge
Rural area3%4%1%
Urban area4%5%1%

Area Wise Stamp Duty Rates in West Bengal

The stamp duty rates for West Bengal in various areas are displayed in the following table.

Area of ​​the propertyProperty Value less than Rupees 25 LakhProperty Value More than Rupees 40 LakhStamp Duty in Case of the FemalesRegistration Rates
Howrah4%5%Same1%
Kolkata4%5%Same1%
Siliguri4%5%Same1%
Durgapur4%5%Same1%
Kharagpur4%5%Same1%

What are West Bengal Stamp Duty Registration Rates 2024

The West Bengal stamp duty and registration fees are as follows:

Property LocationStamp duty for property Rupees 25 lakh and belowStamp duty for the property above Rupees 25 lakhRegistration fee
Corporation (Kolkata/Howrah) area6%7%1%
Municipal Corporation Area6%7%1%
Areas that do not fall under the above two5%6%1%

Factors affecting West Bengal’s stamp duty

In West Bengal, stamp duty is levied at different rates on different kinds of property transfers.  Two criteria determine the stamp duty rates in West Bengal:

  • Location: Compared to urban regions, properties in rural areas have reduced rates. This implies that the stamp duty and registration charge on a Rs 1 crore property purchased in a West Bengal rural area will be equivalent to 3% of the property’s worth.  The stamp duty and registration cost for a property of the same value situated in an urban area will be four percent.
  • Property value: Compared to properties over Rs 1 crore, stamp duty rates are lower for properties up to Rs 1 crore. For example, stamp duty and registration fees for a property valued at Rs 2 crore will be 5% in urban regions and 4% in rural ones.

Jomir Tothya App 

Determine the Stamp Duty Charges for West Bengal?

Use the West Bengal stamp duty calculator to determine the stamp duty costs in West Bengal. To utilise the stamp duty calculator for West Bengal, adhere to the steps listed below:

  • Go to the Directorate of Registration and Stamp Revenue website, which is the website for stamp duty in West Bengal.
  • Open the WB Registration Portal and log in. From the dropdown menu, choose the transaction type and local body to determine the West Bengal stamp duty. Next, to find out the stamp duty in that area, input the market value and captcha and click submit.
  • When all the information has been input, click the Display button. On the screen, the relevant stamp duty will be shown.

West Bengal offers a 2% stamp duty rebate. extended till June 2024.

In West Bengal, the stamp duty payment refund has been extended till June 2024. A 2 percent stamp duty refund had been offered by the West Bengal state government. West Bengal’s stamp duty payment rebate was scheduled to expire in September 2023. The exemption from paying stamp duty has, however, been extended to June 2024.

Apart from the stamp duty refund, a 10 percent circular rates rebate has also been prolonged till June 2024.  The announcement of the Stamp Duty rebate was made in an effort to alleviate the difficulties that arose from the coronavirus outbreak. Both property owners and real estate developers will benefit from the stamp duty reduction. This incentive is available to homebuyers who have not yet registered their houses. A two percent decrease will contribute to a lower total cost.

How to Pay Online for Registration Fees and Stamp Duty

Visit the Government Receipt Portal System, or GRIPS portal, and follow the instructions to pay the West Bengal stamp duty and registration fees.

  • Click on Payment of Taxes & Non-Taxes Revenue after logging into the GRIPS site.
  • To pay the West Bengal stamp duty charges, choose the appropriate information from the dropdown menu: Directorate of Registration and Stamp Revenue and Payment of Stamp Duty and Registration cost. Enter private data like your name, address, and phone number. Enter the Query number and year that appear on the e-assessment slip.
  • Verify the information you entered again before clicking “Online Payment.” For future use, download the e-challan now that has the government reference number (GRN) and bank reference number (BRN).

How can I find out how much a property in West Bengal is worth?

Follow the steps below to I find out how much a property in West Bengal is worth

  • Click the “Calculator for MV, SD, and RF” option from the right menu when you visit the WB Registration Portal.
  • The market value of the land, the market value of the land with a structure, the market value of the flat, and the stamp duty and registration fee are the four possibilities that will be displayed to you.
  • Select one of the first three selections and fill in all the necessary information.
  • After calculation, the value will be shown on the screen.

FAQ’s

Which properties in West Bengal are free from stamp duty?

Stamp duty is not applied to properties purchased for use by the government.

What is the West Bengal stamp duty on gift deeds?

Depending on the local market value, stamp duty on gift deeds in West Bengal ranges from 0.5% to 7% at the moment.

In West Bengal, how is stamp duty calculated?

Stamp duty is often calculated as being between 5 and 7% of the property’s market value.

What is West Bengal’s stamp duty fee?

The amount that the buyer must pay when buying a property in West Bengal is known as the stamp duty payment.

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