Stamp duty and registration charges on commercial property in Kolkata
Here is a must-read guide to stamp duty and registration charges applicable for commercial property purchases in Kolkata.
Stamp duty and registration charges are payable upon transferring ownership of a commercial property such as shops, offices, showrooms. Levied by state and union territory governments, the charges vary across India. If you are exploring investing in commercial property in Kolkata, you should keep in mind the stamp duty and registration charges enforced by the West Bengal government for the metropolitan city.
What is the stamp duty on commercial properties in Kolkata?
| Category | Stamp duty rate |
| Properties below Rs 25 lakh (corporation areas) | 4 percent |
| Properties above Rs 40 lakh (corporation areas) | 5 percent |
| Properties below Rs 25 lakh (other areas) | 3 percent |
| Properties above Rs 40 lakh (other areas) | 4 percent |
| Gift deeds to family members | 0.5 percent |
What is the registration rate on commercial properties in Kolkata?
Registration charges in Kolkata make up 1 percent of the property value for all areas.
How to calculate stamp on commercial properties in Kolkata?
The stamp duty is calculated on the consideration value or circle rate. You should take the highest amount for computation, and calculate your payment online by visiting the official website of the State government.
Here, you can choose your transaction minor or major and the local body. Enter your property’s market value and the captcha code on the screen. This will give you the payable amount in stamp duty and registration charges.
Example
Let us assume that Mr Hiralal wishes to purchase a property in Kolkata city (within Kolkata Municipal Corporation (KMC) limits, which is pegged at Rs 80 lakh as its considerable value. Therefore, his payable amount for stamp duty will be the following:
80 lakh X 5/100 = Rs 4 lakh
80 lakh X 1/100 = Rs 80,000.
Hence, his total outgo will be Rs 4.80 lakh, leading to an overall property cost of Rs 84.80 lakh for Mr Hiralal. This is the basic calculation method that you can follow for the purpose.
