Kolkata property registrations declined by 13% year-on-year in July 2024 after the government decided to withdraw the 2% stamp duty benefits and change the circle rates.
Kolkata Property MarketStamp Duty RebateCircle RatesKnight Frank IndiaResidential PropertiesReal EstateAug 21, 2024
Kolkata property registrations declined by 13% year-on-year in July 2024.
The decline is due to the withdrawal of the 2% stamp duty benefits and change in circle rates by the state government.
As many as 3506 apartments were registered in Kolkata Metropolitan Region in July 2024.
The share of unit sizes up to 500 sq ft scaled up from 27% to 45% at the end of July 2024.
Abhijit Das is the Senior Director East of Knight Frank India.
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