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West Bengal govt extends 2% stamp duty reduction, 10% circle rates rebate until December 31

Realtors welcome the move and request further rebates on stamp duty for constructed properties.

September 28, 2022 / 19:46 IST
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The West Bengal government has decided to extend the two percent exemption on stamp duty and a 10 percent reduction in circle rates of property in the state until December 31, 2022.

The existing relief is coming to an end on September 30, 2022. This was extended in March this year.

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The state finance department has decided to extend the benefits to homebuyers considering the economic slowdown caused by the Covid-19 pandemic. The move is expected to provide further relief to people and generate more employment.

The order from the government of West Bengal Finance Department dated September 27 said: “In the interest of public service and also considering the interest of the homebuyers who have suffered extremely due to COVID 19 pandemic, it has been decided by the government in the finance department to further extend the benefits …. till 31 December 2022.”