If you are considering purchasing property in Kolkata, it is essential to understand the registration process under the Registration Act. Stamp duty payment and registration charges are crucial components of this procedure. Property buyers should be aware that besides the property’s value, there are additional fees involved in the registration process. Registering the property provides security against fraudulent activities or disputes. Therefore, when planning to buy a house, it is important to consider both the stamp duty and registration charges along with the property’s cost.
Stamp duty charges in Kolkata
The stamp duty rate in Kolkata depends on the area where the flat or land is situated and the present market value of the property. The stamp duty charges in Kolkata are:
| Location of the property | Property value less than Rs 25 lakh | Property value above Rs 40 lakh |
| Corporation (Howrah or Kolkata) area | 6% | 7% |
| Notified area/Municipality/Municipal Corporation | 6% | 7% |
| Areas that are not included in the above-mentioned categories | 5% | 6% |
Property registration charges in Kolkata
The registration charges in Kolkata are set by the state government’s Department of Registration and Stamp Revenue, taking into account the market price of the property. The government determines the market price based on various factors, including the property type and location. It is important to note that the actual transaction value is not considered when determining the flat registration charges in Kolkata. Currently, the house registration charges in Kolkata are fixed at 1% of the property’s market price.
How to pay stamp duty charges in Kolkata online?
The most convenient method to pay stamp duty in Kolkata is online:
- Visit the official portal of West Bengal’s Directorate of Registration and Stamp Revenue.
- Enter the query number and the query year.
- Click on ‘Check Query Status’.
- Click on ‘Proceed for e-Payment’ to complete the stamp duty processing in West Bengal.
How to pay stamp duty charges in Kolkata offline?
You can pay stamp duty in Kolkata offline:
- Purchasing stamp paper: The common and convenient method is to purchase stamp paper. A stamped document, detailing the property transaction, can be bought from an authorised individual. The stamped paper must be submitted to the state’s Registration Department’s sub-registrar within four months of issuance, signed by both the seller and the buyer.
- Using franking: Parties sign a property agreement on plain paper, which is presented to an authorised bank. The bank documents it using a franking machine and stamp duty payment is made to the bank. Banks incur franking fees, typically 0.1% of the property value.
Documents required to pay stamp duty in Kolkata
During the processing of stamp duty on properties in Kolkata, the required documentation includes:
- Identity proof, such as a voter card, Aadhaar card, PAN card, driving licence or passport, for all parties involved.
- PAN card or duly filled out Form 60, along with identity proof and address proof of the parties.
- Assessment slips indicating the market value, stamp duty and registration fees.
Documents required to pay property registration charges in Kolkata
The documents required for the registration charges of houses/flats/plots in Kolkata include:
- Identity proof, such as a voter card, Aadhaar card, PAN card, driving licence or passport, for all parties involved.
- PAN card or duly filled out Form 60, along with identity proof and address proof of the parties.
- Assessment slips indicating the market value, stamp duty and registration fees.
- Details of stamp duty and registration fee payment.
- Permission from a competent authority in case of the transfer of rights of any Schedule Tribe person to a Non-Schedule Tribe person.
- Principal document(s) when the present document is supplementary to such principal document(s).
Housing.com POV
Understanding the stamp duty and property registration process in Kolkata is crucial for anyone considering purchasing property in the city. It is important to note that besides the property’s value, there are additional fees involved in registration with the government. Registering the property ensures legal compliance and provides security against fraudulent activities or disputes. When planning to buy a house in Kolkata, it is essential to consider both the stamp duty and registration charges along with the property’s cost.
FAQs
How is stamp duty calculated in Kolkata?
Stamp duty in Kolkata is calculated based on the property’s location and its current market value. Different rates apply for properties situated in Corporation areas (such as Howrah or Kolkata), notified areas/municipalities and other areas.
What are the property registration charges in Kolkata?
Property registration charges in Kolkata are determined by the state government’s Department of Registration and Stamp Revenue. These charges are typically set at 1% of the property’s market price.
Can stamp duty be paid online in Kolkata?
Yes, stamp duty can be paid online through the official portal of West Bengal’s Directorate of Registration and Stamp Revenue.
What documents are required for stamp duty payment in Kolkata?
The documents required for stamp duty payment include identity proof, PAN card or Form 60, assessment slips indicating market value and payment details.
How can I schedule an appointment for property registration in Kolkata?
Appointments for property registration can be scheduled online through the Directorate of Registration and Stamp Revenue website in Kolkata. Visit the website, select the desired date and time slot and complete the appointment booking process.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
Email: [email protected]
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