When transferring ownership of a property in West Bengal, buyers must pay West Bengal stamp duty and registration charges to the state revenue department. Recently, the West Bengal government 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 plan to purchase a home in this eastern Indian state this year, read on to learn about the current stamp duty and registration charges in West Bengal.
West Bengal stamp duty and Registration Charges
West Bengal collects stamp duty on property transactions in accordance with Section 3 of the Indian Stamp Act 1899. This tax is a crucial part of the real estate transaction process, and timely payment is essential to avoid penalties, which can range from 2% to 200% of the outstanding stamp duty amount. While stamp duty applies to all real estate documents, it is not relevant for transfers made through a will.
To provide relief to citizens, a maximum of Rs 1000 is charged as stamp duty on property transfers within the family by gift.
West Bengal stamp duty Rebate Rates
| Location | Property worth up to Rs 1 crore | Property worth over Rs 1 crore | Registration charge |
|---|---|---|---|
| Rural area | 3% | 4% | 1% |
| Urban area | 4% | 5% | 1% |
Stamp Duty Rates for Women in West Bengal
| Location | Property worth up to Rs 1 crore | Property worth over Rs 1 crore | Registration charge |
|---|---|---|---|
| Rural area | 3% | 4% | 1% |
| Urban area | 4% | 5% | 1% |
Area-Wise West Bengal stamp duty
| Area of the Property | Property Value less than Rs 25 Lakh | Property Value More than Rs 40 Lakh | Stamp Duty for Females | Registration Rates |
|---|---|---|---|---|
| Howrah | 4% | 5% | Same | 1% |
| Kolkata | 4% | 5% | Same | 1% |
| Siliguri | 4% | 5% | Same | 1% |
| Durgapur | 4% | 5% | Same | 1% |
| Kharagpur | 4% | 5% | Same | 1% |
West Bengal stamp duty and registration charges for 2024
| Property Location | Stamp duty for property up to Rs 25 lakh | Stamp duty for property above Rs 25 lakh | Registration fee |
|---|---|---|---|
| Corporation (Kolkata/Howrah) area | 6% | 7% | 1% |
| Municipal Corporation Area | 6% | 7% | 1% |
| Other Areas | 5% | 6% | 1% |
Factors Affecting West Bengal stamp duty
Two main factors determine the stamp duty rates in West Bengal:
- Location: Rural properties have lower rates than urban properties. For example, the stamp duty and registration charge for a Rs 1 crore property in a rural area is 3%, compared to 4% in an urban area.
- Property Value: Properties worth up to Rs 1 crore have lower stamp duty rates than those worth over Rs 1 crore.
How to Determine West Bengal stamp duty
To calculate stamp duty charges, use the West Bengal stamp duty calculator on the Directorate of Registration and Stamp Revenue website. Follow these steps:
- Visit the WB Registration Portal.
- Log in and choose the transaction type and local body from the dropdown menu.
- Enter the market value and captcha, then click submit.
- The relevant stamp duty will be displayed on the screen.
Extended West Bengal stamp duty Rebate
The West Bengal government has extended a 2% stamp duty rebate until June 2024. Initially set to expire in September 2023, this extension aims to alleviate difficulties from the coronavirus outbreak, benefiting both property owners and real estate developers. Additionally, a 10% rebate on circular rates is extended till June 2024.
How to Pay West Bengal stamp duty and Registration Charges Online
To pay online, visit the Government Receipt Portal System (GRIPS) and follow these steps:
- Log in to the GRIPS portal https://www.wbifms.gov.in/GRIPS/v2/#/.
- Select “Payment of Taxes & Non-Taxes Revenue.”
- Choose “Directorate of Registration and Stamp Revenue” and “Payment of Stamp Duty and Registration cost.”
- Enter your details and query number.
- Verify the information and proceed with the online payment.
- Download the e-challan with the government reference number (GRN) and bank reference number (BRN) for future reference.
Determining Property Value in West Bengal
To find out a property’s value:
- Visit the WB Registration Portal.
- Click on “Calculator for MV, SD, and RF.”
- Select the appropriate option and fill in the required information.
- The value will be displayed on the screen after calculation.
By understanding these details, you can navigate the process of paying stamp duty and registration fees in West Bengal with ease.
West Bengal stamp duty and Registration Charges FAQs:
West Bengal stamp duty is a tax levied by the state government on property transactions as per Section 3 of the Indian Stamp Act 1899. It is required to be paid by the buyer to legally register the property.
The stamp duty for property transfers within families via gift deeds is 0.5% of the property value, with a maximum charge of Rs 1000 to provide relief to citizens.
In rural areas, the stamp duty is 3% for properties worth up to Rs 1 crore and 4% for properties worth over Rs 1 crore. The registration charge is 1%.
In urban areas, the stamp duty is 4% for properties worth up to Rs 1 crore and 5% for properties worth over Rs 1 crore. The registration charge is 1%.
No, the stamp duty rates for women are the same as for men, which are 3% in rural areas and 4% in urban areas for properties worth up to Rs 1 crore, and 4% in rural areas and 5% in urban areas for properties worth over Rs 1 crore. The registration charge remains 1%.
If stamp duty is not paid on time, a penalty ranging from 2% to 200% of the outstanding stamp duty amount can be imposed.
You can use the stamp duty calculator available on the Directorate of Registration and Stamp Revenue website. Enter the transaction type, local body, market value, and captcha to determine the stamp duty.
Yes, the West Bengal government has extended a 2% stamp duty rebate and a 10% circular rates rebate until June 2024. This initiative is aimed at reducing the overall cost of property transactions for homebuyers and real estate developers.
You can pay online through the Government Receipt Portal System (GRIPS). Log in to the portal, select the appropriate options, enter your details, verify the information, and proceed with the payment. Download the e-challan for future reference.
What is West Bengal stamp duty?
How much is the West Bengal stamp duty for property transfers within families via gift deeds?
What are the stamp duty rates for properties in rural areas of West Bengal?
What are the stamp duty rates for properties in urban areas of West Bengal?
Are there different stamp duty rates for women in West Bengal?
What happens if stamp duty is not paid on time?
How can I calculate the stamp duty for my property in West Bengal?
Has the West Bengal government provided any stamp duty rebates?
How do I pay stamp duty and registration fees online in West Bengal?
How can I find out the market value of a property in West Bengal?
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