Stamp Duty and Registration Charges on Property in West Bengal

Stamp Duty and Registration Charges on Property in West Bengal

by Godrej Properties Limited

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Stamp Duty in West Bengal (2023)

Stamp duty in West Bengal is levied on various types of property transactions, including property sales, gift deeds, mortgage deeds, lease agreements, and exchange deeds. It is calculated as a percentage of the property's market value or the consideration amount mentioned in the agreement, whichever is higher.

Several factors affect the stamp duty rates in West Bengal, including property type, gender or age-based concessions, the property's market value, and its location. For example, flat registration charges in Kolkata for Godrej Platinum in Alipore will be higher than in rural areas.

Stamp Duty & Registration Charges in West Bengal 2023-24

In incorporation areas such as Howrah and Kolkata, the government offers a 2% rebate on stamp duty for properties registered up to September 30, 2023. Furthermore, such properties have a 10% rebate on circle rates. 

New stamp duty rates in West Bengal are 5% for properties valued below INR 25 lakh and 6% for those above INR 25 lakh. Female buyers are subject to the same stamp duty rates and registration fee of 1% of the property's value across all locations.

Stamp Duty in Top Cities of West Bengal in 2023

Stamp duty and registration fees in West Bengal 2023 have undergone some changes. The table below shows the updated rates in various areas of West Bengal.
 

CityKolkataDurgapurHowrahSiliguriKharagpur
Property Value > 40 Lac (Stamp Duty Rate)5%5%5%5%5%
Property Value ≤ 25 Lac (Stamp Duty Rate)4%4%4%4%4%
Female Buyers (Stamp Duty Rate)SameSameSameSameSame
Registration Charges1%1%1%1%1%


Stamp Duty, Registration Fee Calculation in West Bengal in 2023

  1. Go to the West Bengal Registration website - 'E-services.'
  2. Select 'Calculator for SD, RF, and MV'. It opens a new window to choose the appropriate option for your case.
  3. Click on 'Stamp Duty and Registration Charges', and select transaction type and institution.
  4. Fill in the required information. The screen will show the stamp duty and registration charges specific to your property in West Bengal.

How to Pay Stamp Duty and Registration Charges Online?

Stamp duty can be paid online, by non-judicial stamp paper, or by franking, depending on the value of the transaction and the preference of the parties involved. The online method is as follows:

  1. Log in to the GRIPS portal, ‘Payment of Taxes & Non-Taxes Revenue.’
  2. Select ‘Directorate of Registration and Stamp Revenue’ and ‘Payment of Stamp Duty and Registration Fee’ to pay the IGR WB registration fees.
  3. Enter personal information and provide the Query year and number mentioned on the e-assessment slip.
  4. Click on ‘Online Payment.’
  5. Download the e-challan containing the GRN (Government Reference Number) and BRN (Bank Reference Number) for future reference.

Refund of Stamp Duty in West Bengal

To request a refund of paid stamp duty and registration charges in West Bengal, follow these steps:

  • Visit the official website of the Directorate of Registration and Stamp Revenue, West Bengal: WB Registration Portal.
  • Click on the E-services tab and select the E-payment and Refund option.
  • Choose the "Application for Refund of e-payment" option.
  • Provide the query number, query year, and GRN number.
  • Click "Show Payment" to initiate the refund process.

SHCIL for Easy Stamp Duty Payments

In 2023, the Stock Holding Corporation of India Limited (SHCIL) collaborates with the West Bengal government to streamline online stamp duty payments. Using the official SHCIL website, you can conveniently pay stamp duty online.

This user-friendly platform offers various payment options, including NEFT, online banking, and credit/debit card transactions. SHCIL ensures that your stamp duty payments are secure and you receive the necessary receipts for your records. It's a one-stop solution for both flat registration charges and land registration charges in West Bengal.
 
 

Frequently asked questions

1. Is stamp duty applicable to property inherited or received as a gift? 

Ans. Yes, stamp duty is generally applicable to both. However, the rates differ for such transactions. 

2. Are there any penalties for non-payment of stamp duty in West Bengal?

Ans. In the event of default, the penalty for non-payment can range from 2% to a maximum of 200% of the outstanding amount of stamp duty in West Bengal. 

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