Bengal

XKolkata: In a major relief to city homebuyers, the state government has rationalised circle rates in some areas of Kolkata and neighbouring Salt Lake, New Town, where an 80-90 per cent rate revision had resulted in a significant increase in stamp duty and registration fee payout. In August, the Inspector General of Registration (IGR) Authority, under the state Finance department, responsible for fixing the circle rates and also overseeing the registration of sale agreement, deeds, and other documents in West Bengal introduced the system whereby it was mandated that super build up area needs to be mentioned in the sale documents which was found to be not going with the Real Estate Regulatory Authority (RERA) laws. The members of the Bengal chapter of Confederation of Real Estate D

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