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

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..