Maharashtra’s Thane is also referred to as the “Land of Lakes.” The city is well-known for both its thriving real estate projects and for its leisure attractions. Lower stamp duty fees and ready reckoner or circle rates are only a few of the many causes for this. Check out the article to know the latest ready reckoner rates in Thane.
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What are Ready Reckoner Rates in Thane
Thane is one of the great cities that fall under the state of Maharashtra. Every year on 31st December, the Maharashtra government regulates the circle rates or ready reckoner rate in Thane.
These rates are in effect from 1st April through March 31 of each year.
A real estate property transaction cannot take place below the Thane price value.
It is suggested to check the ready reckoner rate before buying any property. Homebuyers have the right to complain as per RERA Act if it is carried out. Such an occurrence can result in a severe penalty for the property seller.
Every area as well as property type has a different rate structure.
You can visit the official website of the Department of Stamp and Registration to check the ready reckoner rate of any region.
Factors Determining Ready Reckoner Rates in Thane
RR rates are categorised into three Urban, Rural and Influential Areas and further into subzones.
Ready reckoner rates vary from area also other factors are responsible for determining the RR rates in Thane.
Here are factors that can affect ready reckoner rates in Thane.
Ready Reckoner Rates According to Property Types
The ready reckoner rates vary from the localities and property type. For instance, RR rates are greater in upscale districts than in newly developed ones.
Similar to ready reckoner rates, office buildings, and commercials have higher rates while residential units have lower rates.
| Property Type | Ready Reckoner Rate in Thane |
| Land | Rs.2,180 – Rs.35,830 per sq. mt. |
| Residential (Flat+Plot) | Rs 32,700 – Rs 83,800 per sq. mt. |
| Office space | Rs.37,300 – Rs.1,05,200 per sq. mt. |
| Shops | Rs.45,000 – Rs.1,47,800 per sq. mt. |
| Industrial | Rs.37,300 – Rs.1,05,200 per sq. mt. |
Ready Reckoner Rates in Thane 2024 For the Residential Sector
Here is a list of Ready reckoner rates in thane for Residential properties locality-wise.
| Localities in Thane | Residential
(Rate of Building + Land in Rs. per sq. m. Built-up) |
| Bhiwandi | Rs 40600 |
| Murbad | Rs 32700 |
| Balkumbh | Rs 79900 |
| Ghodbunder Road | Rs 98600 |
| Shahpur | Rs 36300 |
| Majiwada | Rs 124000 |
| Ulhasnagar (CAMP A-CAMP-3) | Rs 42600 |
| Ambernath | Rs 46500 |
| Naupada | Rs 130900 |
| Kolshet | Rs 94600 |
| Kalyan | Rs 69100 |
| Thane | Rs 83800 |
| Kulgoan | Rs 43200 |
| Badlapur | Rs 39900 |
| Nizampur City | Rs 34700 |
| Dombivali | Rs 61000 |
| Mira Bhayndar | Rs 74800 |
Ready Reckoner Rates in Thane for Commercial Properties
Here is a list of Ready reckoner rates in Thane for Commercial Properties.
| Localities in Thane | Office spaces
(Rate of Building + Land in Rs. per sq. mtr. Built-up) |
Shop /Retails
(Rate of Building + Land in Rs. per sq. mtr. Built-up) |
| Bhiwandi | Rs 47700 | Rs 57000 |
| Murbad | Rs 37300 | Rs 45000 |
| Shahpur | Rs 42000 | Rs 50000 |
| Ulhasnagar (CAMP A-CAMP-3) | Rs 49500 | Rs 78200 |
| Ambernath | Rs 51900 | Rs 60800 |
| Kalyan | Rs 77700 | Rs 107800 |
| Thane | Rs 105200 | Rs 147800 |
| Kulgoan | Rs 51400 | Rs 65100 |
| Badlapur | Rs 44400 | Rs 52800 |
| Nizampur City | Rs 40200 | Rs 52600 |
| Dombivali | Rs 71300 | Rs 86100 |
| Mira Bhayndar | Rs 90200 | Rs 117700 |
Also, Check out the Best 10 Residential Projects in Thane
FAQs
| How much is the stamp duty in Thane?
The stamp duty in Thane is 6%. |
| How can I find the market value of my property in Maharashtra?
You can find the market value of your property by simply knowing the ready reckoner rate of that locality by visiting the official website. |
| What if the agreement value is less than the market value?
Both the purchaser and the sellers will be affected if the arrangement value is less than the market value. Suppose the discrepancy is greater than 5% between the agreement cost and the reasonable market value. In that case, both the buyer and the seller are subject to taxation under various provisions of income tax legislation. |
| What is the Ready reckoner rate of Mumbai?
The ready reckoner rate of Mumbai for residential properties is Rs.42,000 to Rs.8,61,000 per sq. m. |
