Lifestyle

West Bengal stamp duty and registration charges in 2022

[ecis2016.org] For all property related transactions taking place in West Bengal, the buyer needs to pay stamp duty and registration charges to the West Bengal Revenue Department. Here’s a step-by-step guide to the same

In a move to boost property transactions, the state government has extended the 2% West Bengal stamp duty concession till March 31, 2022. Earlier, the reduced rate were applicable only till January 31, 2022. The West Bengal stamp duty concession was first announced in the state budget on July 7, 2021.

You are reading: West Bengal stamp duty and registration charges in 2022

What is stamp duty?

For all property related transactions taking place in the state, buyers have to pay the stamp duty and registration charges to the West Bengal Revenue Department. Using the official website of the revenue department, home buyers in West Bengal (WB) can pay stamp duty and registration charges online to register their property.

West Bengal stamp duty in 2022

Just like all other states in India, West Bengal charges a certain percentage of the property value as stamp duty. Another fixed percentage of the property value is charged as the registration fee for the transaction. This is commonly known as WB registration fee. Given below is a list of West Bengal stamp duty charges in 2022.

Stamp duty and registration charges in Kolkata/ West Bengal in 2022

Location of property Property worth up to Rs 1 crore Property worth over Rs 1 crore Registration charge
Panchayat area 3% 4% 1%
Municipal area 4% 5% 1%

Note: The West Bengal government, through a provision in Budget 2021, brought down the stamp duty charges by 2% across categories. This reduction in rate, however, is applicable till March 31, 2022.

Stamp duty in West Bengal after March 31, 2022

Location of property Property worth up to Rs 1 crore Property worth over Rs 1 crore Registration charge
Panchayat area 5% 6% 1%
Municipal area 6% 7% 1%

Unless the government announces further extension of the stamp duty cut, the above mentioned rates will be applicable on property registrations in the state.

As a home buyer, what unit configuration would you prefer:

View Results

Loading ... Loading …

Stamp duty for women in West Bengal

Unlike most states where women home buyers enjoy rebate in stamp duty payment on property registration, no such relief is offered to women buyers in Bengal.

Stamp duty in top cities of West Bengal in 2022 

Location of the property

 

Stamp duty for property less than Rs 1 crore Stamp duty for property above Rs 1 crore Stamp duty for women Registration charges
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%

[ecis2016.org] All about gift deed stamp duty

Stamp duty on other property documents and instruments in West Bengal in 2022

Instrument Stamp duty Registration fee
Power of attorney (where the market value of the property does not exceed Rs 30 lakhs) Rs 5,000 Nil
Power of attorney (where the market value of the property is between Rs 30 lakhs and Rs 60 lakhs) Rs 7,000 Nil
Power of attorney (where the market value of the property is between Rs 60 lakhs and Rs 1 crore) Rs 10,000 Nil
Power of attorney (where the market value of the property is between Rs 1 crore and Ra 1.5 crores) Rs 20,000 Nil
Power of attorney (where the market value of the property is between Rs 1.5 crores and Rs 3 crores) Rs 40,000 Nil
Power of attorney (where the market value of the property exceeds Rs 3 crores) Rs 75,000 Nil
Partnership deed (up to Rs 500) Rs 20 Rs 7
Partnership deed (up to Rs 10,000) Rs 50 Rs 7
Partnership deed (up to Rs 50,000) Rs 100 Rs 7
Partnership deed (exceeding Rs 50,000) Rs 150 Rs 7
Transfer of lease (government land in favour of family members) 0.5% of the market value of the property Same as conveyance deed
Transfer of lease (in all other cases) Same as conveyance on the market value of the property. Same as conveyance deed
Gift deed (to family members) 0.5% Same as conveyance deed
Gift deed (apart from family members) Same as conveyance deed on the market value of the property Same as conveyance deed
Sale agreement (where the market value of the property does not exceed Rs 30 lakhs) Rs 5,000 Rs 7
Sale agreement (where the market value of the property is between Rs 30 lakhs and Rs 60 lakhs) Rs 7,000 Rs 7
Sale agreement (where the market value of the property is between Rs 60 lakhs and Rs 1 crore) Rs 10,000 Rs 7
Sale agreement (where the market value of the property is between Rs 1 crore and Rs 1.5 crores) Rs 20,000 Rs 7
Sale agreement (where the market value of the property is between Rs 1.5 crores and Rs 3 crores) Rs 40,000 Rs 7
Sale agreement (where the market value of the property exceeds Rs 3 crores) Rs 75,000 Rs 7

[ecis2016.org] Can stamp duty be refunded if a property deal is cancelled?

How are stamp duty and registration charges calculated in West Bengal?

Mentioned below is the step by step procedure to use the stamp duty calculator for transactions happening in West Bengal:

Visit https://wbregistration.gov.in

Stamp duty and registration charges in West Bengal

On the homepage of the West Bengal registration portal, there is an ‘E-services’ tab that is highlighted in yellow. From the many options it has, click on ‘Calculator for MV, SD & RF’.

Stamp duty and registration charges in West Bengal

You will be led to another page where you have to choose from four options. Click on the ‘Stamp Duty and Registration Fee’ option.

Stamp duty West Bengal

On clicking you will reach the Stamp Duty and Registration Fee Calculator page as shown in the picture below. Key in the details, including Transaction Major, Transaction Minor and Local Body, by selecting from the drop-down box. Enter the market value and finally enter the characters shown. Press on the ‘Display’ button.

West Bengal stamp duty

Once done, you will immediately see the stamp duty and registration fee for your property in West Bengal calculated and displayed on the screen as shown in the picture below.

Stamp duty and registration charges in West Bengal

How to pay stamp duty and registration charges online in West Bengal?

Applicants can pay stamp duty and registration fee on their transaction only when the e-deed gets approved. For the e-deed, you need to fill the e-assessment form when submitting the application for West Bengal registration of property. To pay stamp duty and registration fee on property purchase, follow this procedure:

Read also : Residential NA plots in Talegaon offer value for money

Go to https://wbregistration.gov.in  and select ‘E-payment and Refund’ option present under the ‘E-services’ tab.

Stamp duty and registration charges in West Bengal

You will reach another page where you have to click on the ‘e-Payment of Stamp Duty & Regn Fees’ option.

Registration charges West Bengal

You will be then directed to a page as shown below, where you have to key in details including the Query No and Query Year and click on ‘Check Query Status’.

West Bengal registration charges

Once done, you will have to enter details, like the name of the bank, branch name, bank account number, account holder’s name, phone number, type of bank account, IFS code and MICR code. If you are entitled to get any refund, the same will be credited in this bank account. Once the details have been entered, press ‘Proceed for ePayment’.

Stamp duty and registration charges in West Bengal

You will get a pop-up button which will ask you to press ‘ok’ to proceed. You will be then redirected to West Bengal’s GRPS portal, which can be accessed on https://wbifms.gov.in/GRIPS/

Stamp duty and registration charges in West Bengal

On this page, click on the make payment option and you will be directed to the next page.

Stamp duty and registration charges in West Bengal

Under the ‘Select Department/Directorate’ section, choose ‘Directorate of Registration & Stamp Revenue’ from the drop-down menu and in the ‘Select Service’ box, choose ‘Payment of Stamp Duty, Registration Fees and Mutation Fees’ and click on proceed.

You will reach the page shown below, where you will have to enter the depositor’s details including name, address, phone number, mobile number and email ID. Select the user type from the drop-down menu and once this is done, you will see boxes for query number and query year which has to be filled. Finally, select the payment mode from the drop-down menu and press on proceed.

Stamp duty and registration charges in West Bengal

You will reach another page where details about the stamp duty and registration charges on your West Bengal property and the total amount will be mentioned. Click on ‘submit’. Next, you will see a page that mentions all the details and you have to press confirm and proceed, to make your online payment. Once done, you can see the payment confirmation and you can download the challan or receipt, by clicking on ‘click here to download challan’.

[ecis2016.org] All about West Bengal’s Banglarbhumi portal for land records

How to apply for refund of stamp duty and registration charges in West Bengal?

The West Bengal government has now allowed the buyers to claim refund of stamp duty and registration charges paid online, only if the document has not been presented to the sub-registrar for registration. To apply for refund of stamp duty and registration charges, follow this procedure:

On the homepage, https://wbregistration.gov.in, click on ‘e-Payment and refund’ present under the ‘E-Services’ tab.

You will see a pop-up from which you have to click on ‘Application for Refund of e-Payment’.

Stamp duty and registration charges in West Bengal

Stamp duty and registration charges in West Bengal

Enter the query number, query year and GRN number and search for payment details. If any refund is applicable, it will be credited in the bank account details that were taken while paying the stamp duty and registration charges.  Also, upload the documents including:

  1. E-challan of deposit (claimant’s copy).
  2. Copy of valuation report/query.
  3. Original executed/partly executed document.
  4. Documentary evidence to prove that the agreement has been cancelled.
  5. Cancelled blank cheque.

Offline mode

Read also : Germany proposes high-speed Chennai-Mysore rail network, to cut travel time by five hours

Step 1: Submit the application form in the format mentioned in Annexure A to the registration office which was selected in the e-Assessment form.

Step 2: The refund application can be made only by the depositor and the claim has to be made within three months from the date of making online payment of the stamp duty and registration fee.

Step 3: The following documents will be required to be attached with the form:

  1. E-challan of deposit (claimant’s copy).
  2. Copy of valuation report/query.
  3. Original executed/partly executed document.
  4. Documentary evidence to prove that the agreement has been cancelled.
  5. Cancelled blank cheque.

You can download all the above property and payment related documents here.

[ecis2016.org] A guide to paying property tax in Kolkata

How to check the market value of properties in West Bengal?

Property buyers and sellers can check the market value of properties in West Bengal online. Here is how to do it:

Step 1: Visit the WB Registration Portal and click ‘Calculator for MV, SD and RF’ from the right menu.

Step 2: A pop-up will show your four options: Market value of land, Market value of land with structure, Market value of the apartment and Stamp duty and registration fee.

Step 3: Opt for any of the first three options and enter all the details as required.

Step 4: The value will be calculated and displayed on the screen.

Properties exempted from stamp duty in West Bengal

So far, only land purchased by the government departments are exempted from the stamp duty and registration fee and will be remitted by the governor of the state. Apart from this, no other type of transaction is exempted from the government taxes, such as stamp duty and registration charges.

Check out properties for sale in Kolkata.

Can you pay stamp duty in West Bengal using cheque?

Property buyers can pay stamp duty charges through any of these modes:

  • Cash
  • Cheque
  • Demand draft
  • Pay order
  • RTGS or NEFT
  • Account to account transfer.

However, buyers are advised to contact the nearest e-stamping centre, before initiating any kind of fund transfer. Also, buyers will need to bear the additional cost of bank/payment gateway charges.

What is the consideration value of the property?

The consideration value is the amount you pay to the seller of the property, in exchange for the property’s rights. In simple terms, anything of value that is promised by one party to another can be viewed as a consideration. For property buying, the consideration value should be equivalent to or more than the circle rate. In this case, the sale deed is registered and stamped on the basis of the consideration value.

Stamp duty and registration charges in West Bengal: Grievance redressal

To file a complaint with regards to stamp duty and registration, consumers have to log on https://wbregistration.gov.in/(S(vsx3pnr1oaupw221q2exom0u))/Grievance.aspx?GrievanceStatus=GV1. You will reach a page on which you have to choose Suggestion / Complain submission to submit your complaint. Enter the details including name, address, pin code, state, district, city, mobile number, email ID and your suggestion or your complaint in the box. Upload the supporting documents and enter the captcha and press on submit.

Stamp duty and registration charges in West Bengal

stamp duty and registration charges in west bengal 2 480x183 1

Now, if you want to see the status of the complaint that you have lodged, then press on the ‘Suggestion/complaint status’. To search by grievance ID click on that. Then, enter the grievance ID/year and mobile number and captcha text and press on search and you will get to know your complaint status.

Stamp duty and registration charges in West Bengal

To search by application details click on that option. Now enter the applicant’s name, mobile number, from date, to date, enter the captcha and press on search. You will get to know the status of the complaint number.

Stamp duty and registration charges in West Bengal

FAQs

What is the stamp duty for gift deed in West Bengal?

It may vary between 0.5% to 7%, depending upon the receiver and the market value of the property.

How do I calculate my registry charges in West Bengal?

Usually, registry charges are 1% of the property value, depending upon the location of the property.

How can I check ownership of land in West Bengal?

You can check the land ownership in West Bengal using Banglarbhumi.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button