Stamp Duty and Property Registration Charges in Kolkata

When buying a property or house in any city across the country, including Kolkata, you need to pay not only the property's price but also additional charges such as stamp duty and registration fees to the state government.

The payment of stamp duty and registration charges is compulsory under the relevant provisions of the Stamp Act and Registration Act. Stamp duty applies to property transactions like sale deeds. A registration fee, calculated as a percentage of the property’s value, is charged to legally register the property.

Non-payment of registration and stamp duty charges can result in fines and penalties, besides nullifying the legal validity of the property. You should know that the state government fixes the amount paid for charges, which can vary between different states in India.

Here are the stamp duty and registration charges in West Bengal for land registration in Kolkata:

Disclaimer: The above-mentioned information is subject to change as per changes in the government policies.

Contingent upon the location of your property and its prevailing market price, you should pay different stamp duty rates. To know the stamp duty in Kolkata, you can refer to the table given below:

Disclaimer: The above-mentioned information is subject to change as per changes in the government policies.

You can also use the stamp duty calculator on the state government's registration and stamp revenue portal to check the amount instantly.

The state government’s Department of Registration and Stamp Revenue fixes the registration charges in Kolkata based on the prevailing market price of the property. The government determines the market price based on several variables, like the property, location, etc. 

Here, you need to know that the actual transaction value between the seller and buyer is not considered while determining the flat registration charges in Kolkata. Nowadays, the house registration charges in Kolkata are fixed at 1% of the property’s market price.

Here are some of the steps you can follow to calculate stamp duty charges in Kolkata:

• Step 1: Visit the WB registration and stamp revenue website

• Step 2: From the drop-down menu, select the nature of the documents

• Step 3: Click on the proceed option

• Step 4: Enter all the required details

• Step 5: Click on the calculate option to calculate

Here are some simple steps you can follow to pay your stamp duty registration in Kolkata:

• Step 1: Visit the official website of West Bengal Registration to pay

• Step 2: Click the E-payment and refund option under the E-service tab to pay online

• Step 3: A new page will appear on your screen where you will find the E-payment of stamp duty and registration fee

• Step 4: After clicking the option, a new page will open; fill in the required details, such as query number and year, and enter CAPTCHA

• Step 5: After filling in the details, click ‘Proceed’ to get the query status

• Step 6: You will then be redirected to the GRPS portal

• Step 7: After completing the process, you will get the confirmation of the payment

You can then click the download option to download the payment receipt.

If you want to cancel the transaction and need a refund for your stamp duty. You can get a refund by following a simple procedure, but it will only happen when the documents are not processed in the sub-register office for registration. Here are some steps you can follow for your refund process:

• Step 1: Visit the WB registration portal

• Step 2: Under the E-service tab, click on the E-payment and refund option

• Step 3: Select the application for a refund

• Step 4: After selecting the option, a new page will pop up; enter the details of the refund payment

• Step 5: Select all the documents needed

• Step 6: Finally, apply for a refund

There are various factors affecting the stamp duty in Kolkata. Here are some of the key factors:

• Property Location

The stamp duty for property registration in Kolkata remains higher in urban areas and lower in rural regions.

• The Cost of the Property

Properties valued above ₹40 Lakhs attract a stamp duty of around 4% to 5%. For assets priced below ₹25 Lakhs, the charges usually range from 3% to 4%.

• The Owner’s Gender

In Kolkata, stamp duty remains the same for both men and women, unlike several other states that provide concessions for properties registered in a woman's name.

• Type of Property

Stamp duty and property registration charges in Kolkata vary depending on whether the property is residential or commercial.

• The Owner’s Age

Senior citizens generally receive lower stamp duty and registration fees compared to other property buyers.

To understand the flat registration process in Kolkata, let us take an example. Suppose you have purchased a property or house worth ₹20 Lakhs in Kolkata. If the property lies within a municipal corporation, municipality, or notified area, you have to pay a stamp duty of 6%. 

This amounts to ₹1,20,000. Also, you will need to pay the mandated 1% rate as the house registration charges in Kolkata, ₹20,000. So, you will also have to pay ₹1.4 Lakhs (₹1,20,000 + ₹20,000) as stamp duty and registration fees in Kolkata.

Let us take an example to understand the flat registration process in Kolkata for a house or property worth above ₹40 Lakh. Suppose the value of your property, located within municipal corporation/municipality/notified area limits, is ₹50 Lakhs. 

Then, you are required to pay the mandated stamp duty in Kolkata, which is 7% of the property’s value. This amounts to ₹3.5 Lakhs. Also, you should pay the prescribed rate of 1% as flat registration charges in Kolkata. This amounts to ₹50,000. 

So, you need to pay ₹4 Lakhs (₹3,50,000 + ₹50,000) as the registration and stamp duty charges in Kolkata.

It is a legal requirement to pay your stamp duty and other relevant fees when registering a new property. Failure to do so can invite grave legal consequences. Hence, it is important to cover them at the right time. 

These fees amount to Lakhs or crores of rupees, depending on the property's value. However, these expenses can be easily handled with the help of a home loan. Through Bajaj Markets, you can avail housing loans online at affordable home loan interest rates. 

If you are looking to cover such fees via a housing loan, go ahead and apply for a home loan right away!