Propserve.in

If you’re in the market for a new home or looking to sell your property in the City of Joy , a major shift just happened that you need to know about. For the first time in seven years, the West Bengal government has announced a massive hike in circle rates across Kolkata and its suburbs. The increases are not minor adjustments—they range from a significant 15% to a jaw-dropping 90% in some key areas. This is the biggest property valuation shake-up we’ve seen in nearly a decade, and it directly impacts your wallet. At  Propserve , we believe an informed buyer or seller is an empowered one. So, let’s break down what this circle rate hike means for you. First Things First: What Exactly is a Circle Rate? Think of the circle rate as the government’s "minimum price tag" for any property in a specific area. When you buy a home and go to register the sale, the stamp duty and registration fees you pay are calculated on either the  actual sale price or this government-set circle rate—w...