Tag: Credai West Bengal

Latest StoriesResidential

Kolkata Home Registrations Fall 1% YoY to 4,974 in Feb 2026

Sure! Here’s a rewritten version of the content: KOLKATA: In February, the Kolkata Metropolitan Area (KMA) saw a significant increase in residential property registrations, reaching 4,974—a 63% rise from the previous month. This uptick is attributed to a recovery from the seasonal dip observed in January, according to property consultant Knight Frank India. Compared to February 2025, this year’s registrations saw a slight decline of 1%, with 5,016 units recorded last year. The data originates from the Directorate of Registrations and Stamps Revenue, Government of West Bengal, and accounts for transactions in both the primary (new sales) and secondary (resale)…

IndustryLatest Stories

First Kolkata property rate hike in 7 years will raise fees

KOLKATA: Property buyers in Kolkata and nearby regions will face increased stamp duty and registration fees due to the government’s revision of circle rates, which have risen by 15% to 90%. The new rates took effect on Wednesday. The circle rate serves as the minimum price set by the government for property registration. According to sources from the finance department, the rate revision comes after a seven-year hiatus and is intended to address the disparity between circle and market rates in many areas. “For instance, some properties are sold for ₹9,000/sq ft while the circle rate is ₹6,000/sq ft. We’ve…

IndustryLatest Stories

Credai Urges West Bengal Gov to Tackle Flat Cost Puzzle

KOLKATA: The largest association of developers in the state has contacted Chief Secretary Manoj Pant regarding a recent amendment to the query requisition form used for assessing stamp duty and registration fees by the Directorate of Registration and Stamp Revenue. The amendment now requires the inclusion of the super built-up area (SBUA) alongside the built-up area (BUA), carpet area, and the total number of floors in the form. Authorities are now insisting that SBUA information be included in both the agreement for sale (AFS) and the conveyance deed. According to Credai West Bengal, this change has complicated the registration of…