West Bengal extends stamp duty and circle rate sops for two months

KOLKATA/ SILIGURI: Chief minister Mamata Banerjee on Tuesday announced further extension of stamp duty and circle rate sops for home buyers for two months. The CM said during the administrative meeting in north Bengal that these sops will be extended for two months till December 31.

The 2% reduction in stamp duty and 10% cut in circle rates were initially offered for a limited period up to October 30 by the state government as part of this year’s budget sops. This has led to a 75% spike in Kolkata in the quarter ending in September over the same period last year. Credai West Bengal, the apex body for real estate developers, and Credai Bengal had earlier written to the state government, seeking an extension of the sop.

By LNN (Liyaans News Network)