The trouble had been brewing since yesterday, and its impact happened early on Wednesday when the assailants, armed with weapons, attacked the TMC leader's house and fired indiscriminately.
All three wounded were taken to a local hospital, where the medics declared Matiazul dead.
The two wounded have been taken to the Krishnanagar hospital.
The victims family members alleged infighting in the party led to the quarrel and murder, which the TMC denied. The police began the probe.
(With UNI Inputs)