West Bengal extends stamp duty, circle rate reductions till Dec 31

03 Nov 2021 CW Team

The West Bengal government has decided to extend the 2% stamp duty relief and 10% reduction in the property circle rate until December 31.

The chief minister announced this at an administrative review meeting in Kurseong on Tuesday.

The original measure, which was announced during the budget in July and was supposed to be in place until October 30, was aimed at stimulating demand in the residential real estate segment and filling government coffers as a result of an increase in the volume of transactions.

For properties up to Rs 1 crore, stamp duty is now 4% in urban areas and 3% in rural areas, respectively, and 5% and 4% for properties above that ceiling.

According to a report released earlier this month by property consultancy Knight Frank, the duty reduction had the desired impact on the market. In the Calcutta Metropolitan Area, 15,160 residential sales deeds were registered between July and September, representing a 122% increase over the same period a year ago.

Developers had been pleading with the government for an extension, and CREDAI West Bengal had written a letter to the chief minister on October 9 in response to the positive response.

Nandu Belani, head of CREDAI in Calcutta, told the media that the decision must be ratified by the Assembly, the extension may not take effect until November 1.

It is recommended that the government consider extending it until March 31.

Image Source

Also read: Stamp duty in Gujarat surges 148% in Q1 FY22

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..