What are the current circle rates in Kolkata

2 min read

The circle rate in Kolkata is based on several factors and varies from one area to another. It is the rate at which the value of a property is determined for purchase or sale. These rates vary from one property type to another, thus affecting the assessment value. In Kolkata, the lowest average circle rate is Rs. 2,276/ sq. m. applicable on properties in the Barasat region.

The circle rate is notified by the revenue department of a state or a local body. In Kolkata, the Municipal Corporation determines these rates and they undergo revision from time to time. It also acts as a property price indicator for a given area.

What is circle rate?

A circle rate is a minimum valuation at which a real estate property is registered during a transfer of ownership. It is also the rate used to determine the market value of a given property. Stamp value for a property in Kolkata is thus determined as the higher assessment value as per the applicable circle rate and the declared transaction value.

Circle rate in Kolkata

Check out the prevailing circle rates in Kolkata for different areas and localities.

List of areas/ localities in Kolkata

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

Baguaiti

Rs. 2,995

Baghajatin

Rs. 3,858

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. 3,644

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

What does the circle rate in Kolkata depend upon

The circle rate in Kolkata varies from one locality to another depending on several factors mentioned below.

  • Location of the property
  • Area and size of the property
  • Available amenities and facilities
  • Age of the property
  • Occupancy, whether residential or commercial
  • Property type, i.e., plot, flat, apartment, or independent house

Based on these factors, a property’s valuation is calculated during purchase/ sale or when availing a property loan.

Current stamp duty in Kolkata

Depending on the circle rate notified by the Kolkata Government, stamp value is determined as a higher amount between the assessed valuation and the declared price. Stamp duty is calculated and paid on this value.

The prevailing stamp duty rates in Kolkata are divided into two segments, i.e., properties valued below Rs. 25 lakh and those valued above Rs. 25 lakh.

The current rates are as follows:

  • For properties below Rs. 25 lakh:
    6% for corporation area (Both Howrah and Kolkata), 6% for the municipal corporation, municipality, or notified area, 5% for areas not falling under the two categories mentioned above.
  • For properties above Rs. 25 lakh:
    7% for corporation areas in Howrah or Kolkata, 7% for a municipality, municipal corporation, or notified area, 6% for localities not covered under the two heads.

Registry charges in Kolkata

Registration charges in Kolkata also vary with a division of properties valued above Rs. 25 lakh and below it. For the former, the registration charges payable are 1% of property valued. As for the latter, it is 1.1% of this valuation.

What are the steps to calculate property value in Kolkata using circle rate for stamp duty payment

Refer to the following steps to calculate property value using the circle rate in Kolkata:

  • Compute the property’s built-up area
  • Identify the property type
  • Available amenities and facilities
  • Identify the circle rate for the property as per its location
  • Compute the minimum property value with the following formula:

Property value = Built-up area (in sq. metres) x circle rate for the location (in Rs./sq. metres)

Areas in Kolkata

The following areas in Kolkata are considered for circle rate determination.

Agarpara

Andul Road

Ballygunge Place

Action Area I

Bablatala

Ballygunge Park

Airport Area

Baguaiti

Bangur Avenue

Action Area II

Baghajatin

Bangur

Alipore

Baguiati

Baranagar

Action Area III

Bally

Barasat - Madhyamgram

Ashok Nagar

Baguihati

Baruipur

Bansdroni

Ballygunge

Behala

Barasat

Baishnabghata Patuli Township

Beleghata

Barrackpore

Ballygunge Circular Road

Belghoria

Bata Nagar

Belgharia Expressway

Bhawanipur

Behala Chowrasta

Salt Lake

Beliaghata

Birati

Park Street

Kasba

Dum Dum

Alipur

Gariahat

Tangra

Jadavpur

Elgin Road

Kumortuli

Tollygunge

Kalighat

Read More Read Less