Stamp Duty & Circle Rate Rebate
The West Bengal government’s move to extend the rebate on stamp duty and circle rate by another six months till September 30, 2023, is likely to bring buoyancy in the real estate market in the State apart from shoring up state government’s revenue collections. Presenting the Bengal Budget 2023-24, Chandrima Bhattacharya, West Bengal minister of state for finance (independent charge), had said that the 2 per cent reduction in stamp duty and 10 per cent rebate on circle rate on land and property which was valid till March 31, 2023, has been further extended by six months up to September 30, 2023.