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Circle Rate in Kolkata: Overview

Real estate transactions occur against a benchmark called the circle rate. The circle rate in Kolkata determines the base value of a property during a property transaction, and it differs from one locality to the next. Circle rates affect property valuation and are hence important when taking a mortgage loan or a loan against property. The circle rate also affects the stamp duty to be paid during a transfer of property.

What is Circle Rate?

Circle rate is the minimum rate at which real estate transactions can take place and properties can be registered during a transfer of ownership (purchase/ sale). The circle rate in Kolkata is also used to determine the market value of a property.

Property circle rates in Kolkata are revised periodically by the Kolkata Municipal Corporation in accordance with market prices. The circle rate determines the stamp duty charges applicable to a property transaction in Kolkata.

List of Circle Rates in Kolkata

Circles rates vary from one location to the next and are notified by the government based on the market rate as well as factors like amenities, infrastructure, demand, supply, and development. In a prime real estate locale, the circle rate will be high. Below are the current circle rates in Kolkata.

List of Areas Average Circle Rate (in per sq. meters)
Agarpara Rs. 2,626
Action Area I Rs. 4,882
Airport Area Rs. 3,062
Action Area II Rs. 4,858
Alipore Rs. 12,689
Action Area III Rs. 4,524
Ashok Nagar Rs. 4,690
Andul Road Rs. 3,148
Bablatala Rs. 3,264
Baguiati Rs. 2,995
Baghajatin Rs. 3,257
Baguiati Rs. 3,257
Bally Rs. 2,769
Baguihati Rs. 3,139
Ballygunge Rs. 9,983
Baishnabghata Patuli Township Rs. 4,786
Ballygunge Circular Road Rs. 13,492
Ballygunge Place Rs. 11,322
Ballygunge Park Rs. 10,051
Bangur Avenue Rs 4,881
Bangur Rs. 4,823
Baranagar Rs. 3,363
Barasat - Madhyamgram Rs. 2,773
Baruipur Rs. 2,281
Behala Rs. 3,664
Beleghata Rs. 5,678
Belghoria Rs. 3,133
Bhawanipur Rs. 9,096
Bansdroni Rs. 3,584
Barasat Rs. 2,276
Barrackpore Rs. 2,534
Bata Nagar Rs. 3,733
Behala Chowrasta Rs. 3,475
Belgharia Expressway Rs. 3,733
Beliaghata Rs. 5,151
Birati Rs. 3,264

Current Stamp Duty in Kolkata

Stamp duty is the tax levied by the government when a property is purchased, and it is usually paid by the buyer. It is applicable on both residential as well as commercial properties. Stamp duty in Kolkata is determined by the ongoing circle rates. If the agreement value of a property is less than the property’s value as per the circle rate applicable, then stamp duty is calculated as per the circle rate value. In case the agreement value exceeds the circle rate value, stamp duty is calculated on the agreement value.

Currently, the stamp duty is calculated according to the following:

​1. Property cost: less than Rs.25 lakh

Corporation (Howrah or Kolkata) area: 6%

Notified area / Municipal Corporation/ Municipality: 6%

Other than the above: 5%

​2.Property cost: more than Rs.25 lakh

Corporation (Howrah or Kolkata) area: 7%

Notified area / Municipal Corporation/ Municipality: 7%

Other than the above: 6%

There is no discount on the stamp duty rate for women homebuyers in Kolkata.

How to Calculate the Value of a Property With the Circle Rate in Kolkata?

1. Check the property-related documents to find out the property’s built-up area.

2. Identify the property type: Residential, commercial, institutional, etc.

3. Find out the circle rate in Kolkata as per the locality your property is located in.

4. Calculate the minimum assessment value based on the circle rate: Built-up area (m²) X circle rate in the area (Rs./m²)