In Gutenberg-Richter (GR) earthquake frequency magnitude relationship the b-value plays an important role and is required for the seismic hazard analysis of any region. In this study, both the Gumbel's extreme distribution and the GR methods are used to estimate the b-value for Sylhet region of Bangladesh. Due to the geological location this region is the most seismically vulnerable area of the country. Sylhet region is situated on the south eastern part of the Dauki fault. The frequency of seismic activity at the Dauki fault zone has lessened after the great Indian earthquake that occurred in 1897. Therefore, energy may be stored in this fault region, which leaves possibilities that Sylhet may encounter an earthquake. The Sylhet region has experienced nearly 184 earthquakes of magnitude ranging from 4 to 7.2 during the last 101 years. In this study, the probability of recurrence of earthquakes of various magnitude has also been investigated using USGS catalogue which has been prepared by taking moment magnitude (M w ) as a homogenous magnitude. The least square regression method has been applied to compute the b-value by the GR relationship, which resulted in the b-value to be 0.75. Nevertheless, the regression analysis through Gumbel's extreme value displays a satisfactory result. Further the regression analysis through Gumbel's method estimated the b-value to be 0.91 and using this the earthquake recurrence probability and the return period for different magnitudes have been calculated. From the probabilistic analysis it has been found that the probability of recurrence of an earthquake (R) of M w ≥ 6.5 in 100 years is 85% and its return period (Tr) is 53 years in this region. The earthquake recurrence probability of significant damaging earthquakes affecting Sylhet and their return periods have also been investigated. It has been observed that the probability of recurrence of an earthquake equal or greater than 1885 Bengal earthquake (M w ≥ 7.0) in 100 years is 48.5% in this region and its return period (Tr) is 151 years.