Understanding Kolkata Circle Rates: Key Factors, Calculations, and Registration Fees"

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Circle rate in Kolkata is calculated based on certain factors. This comprehensive guide helps you understand how the ready reckoner rate in Kolkata is calculated and what it means for property buyers and sellers.

About Circle Rates in Kolkata

The circle rate in Kolkata is the minimum rate fixed by the West Bengal government for real estate transactions and property registration. The buyer must pay stamp duty and registration charges at the sub-register office to transfer the property details under his or her name. The circle rate in Kolkata determines the stamp duty charges that must be paid for a specific locality in the city. The circle rate in Kolkata is also known as guidance value or ready reckoner rate. The state government periodically revises the circle rate in Kolkata to match the ongoing market prices. The increase in the circle rate in Kolkata will increase the property value.

The property is registered at market value if the market value is higher than the circle rate in Kolkata. In case if the circle rate is higher when compared to the market value, then the property is registered at the circle rate. It depends on the seller and buyer at what rate they want to register the property. No property can be registered under government records below the fixed circle rate. It is a property price indicator of a particular locality. Kolkata Municipal Corporation fixes the circle rate in Kolkata. They also help in availing loan against properties in Kolkata.

Factors Affecting Circle Rate in Kolkata

Kolkata circle rates are calculated based on various factors evaluated depending upon certain aspects related to the property. Here is the list of factors that affect the calculation of the Kolkata circle rate.

Location of Property: The location of the property is one of the major factors that affect its circle rate in Kolkata. Properties located at premium locations usually have a higher circle rate than those located in average facility areas.
Age of Property: The age of the property is another factor that affects the circle rate in Kolkata. Old properties usually have a lower circle rate than those newly constructed in the state.
Type of Property: Generally, the government charges different rates for plots, apartments, and independent houses.
List of Amenities: The list of amenities, such as lift, parking, clubhouse, jogging track, swimming pool, etc., also affects the property circle rate in Kolkata.
Occupancy/Usage: Properties being used for residential purposes, such as flats, apartments, residential houses, etc., have a lower circle rate in Kolkata when compared to the ones being used for commercial purposes.

How Kolkata Circle Rates are Different from Market Rates

Find a few major differences between the Kolkata circle rates and market rates below.

Evaluation: The state government evaluates Kolkata circle rates based on various factors such as the size, location, and area of the property. Conversely, Kolkata market rates are calculated based on the demand-supply ratio, current market conditions, and various other factors.
Property Registration: Buyers must register their properties based on Kolkata circle rates. The stamp duty and registration charges are also calculated on the circle rate of the property.
Revision: Kolkata circle rates are revised not more than twice a year. On the other hand, Kolkata market rates fluctuate based on the stocks and real estate market conditions.

Circle Rate in Kolkata

Here is the circle rate in Kolkata for different locations.

Localities in Kolkata	Average Circle Rate (per square meter)
Agarpara	INR 2,626
Action Area I	INR 4,882
Airport Area	INR 3,062
Action Area II	INR 4,858
Alipore	INR 12,689
Action Area III	INR 4,524
Ashok Nagar	INR 4,690
Andul Road	INR 3,148
Bablatala	INR 3,264
Baguaiti	INR 2,995
Baghajatin	INR 3,858
Baguiati	INR 3,257
Bally	INR 2,769
Baguihati	INR 3,139
Ballygunge	INR 9,983
Baishnabghata Patuli Township	INR 4,786
Ballygunge Circular Road	INR 13,492
Ballygunge Place	INR 11,322
Ballygunge Park	INR 10,051
Bangur Avenue	INR 4,881
Bangur	INR 4,823
Baranagar	INR 3,363
Barasat - Madhyamgram	INR 2,773
Baruipur	INR 2,281
Behala	INR 3,644
Beleghata	INR 5,678
Belghoria	INR 3,133
Bhawanipur	INR 9,096
Bansdroni	INR 3,584
Barasat	INR 2,276
Barrackpore	INR 2,534
Bata Nagar	INR 3,733
Behala Chowrasta	INR 3,475
Belgharia Expressway	INR 3,733
Beliaghata	INR 5,151
Birati	INR 3,264

Keep reading to learn the steps that you can follow to find the circle rates of properties in Kolkata with great ease.

How to Find Circle Rate in Kolkata Online?

Find below a few simple steps to find the Kolkata Circle rates for your preferred locations.

Step 1: Visit the Official Portal

Visit the online portal of the Directorate of Registration and Stamp Revenue Department in Kolkata.

Step 2: Navigate to E-services

Scroll down to the E-services section and click on the 'Calculator for MV, SD, & RF' option.

Step 3: Select Calculation Type

Once done, you will find a window with multiple options to choose from. Click on the Market Value of Land option to calculate the circle rate of your land piece.

Step 4: Enter Location Details

Provide the property location details such as district, thana, mouza, etc. to proceed with the calculation.

Step 5: Add Property Ownership Info

Next, provide the property ownership-related details with plot number and khatian number.

Step 6: Complete Verification

Enter the captcha and click the Display Market Value button to get your property's estimated Kolkata circle rate.

How to Calculate the Property Value Using Circle Rate in Kolkata

Circle rate in Kolkata helps in fixing the stamp duty and registration charges in a particular locality. To get the exact circle rate in Kolkata, you can ask the State's Additional Register of Assurances (ARA). The Builders in Kolkata have urged the government to reduce circle rates by 20% for residential properties and 30% for commercial properties so that the builders can sell the inventory at lower prices. This reduction will help in boosting the real estate sector during the pandemic. The CREDAI (Confederation of Real Estate Developers Association of India) has urged the West Bengal Government to reduce circle rates.

The circle rate in Kolkata can be used to calculate the market value of a property. All you need to do is use this formula and enter the required information in respective fields.

Value of the Property = Kolkata Circle Rate for the selective land parcel × Built-up area of the property

The property's market value is an estimated amount you can ask from the buyer in exchange for your property. However, you need to calculate the registration and stamp duty charges on the circle rate in Kolkata only.

Stamp Duty on Properties in Kolkata

Stamp Duty in Kolkata is calculated based on the circle rates of properties. It is a type of tax that government collects from homebuyers when making an immovable property transaction. It is mandatory for homebuyers to make the stamp duty payment in full at the time of property registration in Kolkata.

Stamp Duty paid document is considered as a legal evidence of the property transaction at the time of registration. Property buyers who make partial stamp duty payment or do not pay it in full need to pay penalty on the deficit amount. If stamp duty amount is paid on time, the document issued at the time of payment is valid for six months from the date of deal execution.

Stamp Duty Charges in Kolkata

Stamp Duty charges are calculated based on the property circle rate in Kolkata. Buyers need to pay these charges at the time of property registration. Find below the stamp duty charges in Kolkata.

Rate of Property	Under Corporation Area	Under Municipality or Notified Areas	Other Areas
Rs.25 Lac and Above	7 per cent	7 per cent	6 per cent
Rs.25 Lac and Below	6 per cent	6 per cent	5 per cent
Above Rs.30 Lac	7 per cent	7 per cent	6 per cent
Rs.30 Lac and Below	6 per cent	6 per cent	5 per cent
Above Rs.40 Lac	7 per cent	7 per cent	6 per cent
Rs.40 Lac and Below	6 per cent	6 per cent	5 per cent
Above Rs.1 Crore	7 per cent	7 per cent	6 per cent
Rs.1 Crore and Below	6 per cent	6 per cent	5 per cent

Points to Keep in Mind When Calculating Kolkata Circle Rates

Find below a few major things to keep in mind when calculating the circle rate in Kolkata.

The state government evaluates circle rates to ensure that all the property pieces have the correct index price.
Circle rate is not the actual value of a property, they are indicative prices.
Circle rates can be different for properties located at different locations.
Property-related transactions in Kolkata cannot take place below the circle rate.
Circle rates are usually lower than the market value of the property.
Buyers need to register their properties based on the circle rate in Kolkata.

Contact Information for Kolkata Circle Rates Department

Find below the contact details that you can use to get in touch with the help and support team of the Kolkata circle rates department.

Office Address: Fortuna Tower, 9th Floor, 23A N.S.Road, Kolkata-700 001

Email Address: [email protected] and [email protected]

The Bottom Line on Circle Rate in Kolkata

The circle rate in Kolkata is important to help citizens understand their property's value. Now that you know how to calculate the circle rate in Kolkata, you can calculate the same for yourself in no time. All you need to do is visit the Kolkata circle rate online portal and follow the steps mentioned in the post.

You can also check the Kolkata circle rates offline by visiting the nearest Sub-Registrar's office. You can locate the nearest office by visiting the online portal of the Stamps and Revenue Department, West Bengal.

If you're interested in exploring other real estate markets in India, you might want to check out our guides on ready reckoner rates in Bangalore, Mumbai, or Nagpur for comparison.

Frequently Asked Questions

What is the circle rate in Kolkata?
Circle rate in Kolkata is the minimum value set by the West Bengal government for property registration and calculation of stamp duty. It varies by location, with premium areas like Ballygunge Circular Road having rates as high as INR 13,492 per square meter.

How can I check the circle rate in Kolkata?
You can check the circle rate in Kolkata by visiting the online portal of the Directorate of Registration and Stamp Revenue Department or by visiting the nearest Sub-Registrar's office in person.

Can property be registered below circle rate in Kolkata?
No, property in Kolkata cannot be registered below the circle rate set by the government. Even if the market value is lower, registration will be done at the circle rate.

How often are circle rates revised in Kolkata?
Circle rates in Kolkata are typically revised not more than twice a year by the state government to reflect changing market conditions.

How is stamp duty calculated on property in Kolkata?
Stamp duty in Kolkata is calculated based on the circle rate or market value of the property (whichever is higher). The rates range from 5-7% depending on the property value and location within corporation, municipality, or other areas.