First property circle rate hike for Kolkata in seven years to push up registration fee, stamp duty
Kolkata property buyers face increased stamp duty and registration fees as the government raises circle rates by 15% to 90%, effective Wednesday. This revision, after seven years, aims to bridge the gap between circle and market rates. While officials justify the move, developers fear suppressed demand due to rates exceeding market prices in some areas.
Kolkata property buyers face increased stamp duty and registration fees as the government raises circle rates by 15% to 90%, effective Wednesday. This revision, after seven years, aims to bridge the gap between circle and market rates. While officials justify the move, developers fear suppressed demand due to rates exceeding market prices in some areas.
