The hike in the Ready Reckoner Rate In Maharashtra since March 2024 is a sign of increasing demand in the real estate sector. The rate rises have been an average of 8.80% across all the municipalities, including Thane, Panvel, Navi Mumbai, Pune, and others. Check out the article to get insights on the latest ready reckoner rates in Maharashtra 2024.
Page Contents
- What is the Ready Reckoner Rate Maharashtra 2024?
- Latest Ready Reckoner Rate in Maharashtra 2024
- Ready Reckoner Rate in Maharashtra For Key Localities
- What is the Ready Reckoner Rate In Maharashtra for Premium Properties?
- Online Process to Find Ready Reckoner Rate Maharashtra
- What is the Importance of the Maharashtra Ready Reckoner Rate?
- FAQs
What is the Ready Reckoner Rate Maharashtra 2024?
The government informed property deal at a minimum price known as the Ready Reckoner Rate Maharashtra.
The ready reckoner rate is also called as Circle rate in many Indian states.
In Maharashtra, it is hard to sell a property for a below-the-ready reckoner rate. The ready reckoner rate in Maharashtra assists people in determining the lowest worth of their real estate property.
Nevertheless, whether the property’s market worth is high or low, people in Maharashtra are necessary to record their properties at these RR rates.
The realtors have the alternative to register a grievance with MahaRERA about transactions of property that are made underneath the ready reckoner pricing of a particular purchased property.
In Maharashtra, ready reckoner rates help in controlling excessive prices in real estate.
Latest Ready Reckoner Rate in Maharashtra 2024
Based on the property’s ready reckoner rates in Maharashtra, the stamp duty & registration fees are premeditated.
In order to finalise the transaction, the buyer must pay extra stamp duty & registration costs if the market worth of the chosen property is below its ready reckoner cost in Maharashtra.
Ready Reckoner Rate in Maharashtra For Key Localities
There are differences in Ready reckoner rates between each city and locality in Maharashtra, and several criteria must be taken into consideration while determining this rate.
Tax rates for both purchasers and sellers went up with the increase in real estate prices.
Here are the latest ready reckoner rates in Maharashtra average per sq ft wise,
|
Cities In Maharashtra |
RR Rates For Residential Property | RR Rates For Commercial Property |
|
Ready Reckoner Rate in Mumbai |
||
|
Andheri East |
Rs 1.14 – 2.44 Lakh | Rs 1.25 – 2.68 Lakh |
| Kurla Road | Rs 1.08 – 1.58 Lakh |
Rs 1.43 – 1.74 Lakh |
|
Andheri East Marol |
Rs 92,100 – 1.57 Lakh | Rs 1.11 – 1.78 Lakh |
| Andheri West | Rs 1.38 – 2.10 Lakh |
Rs 1.56 – 2.60 Lakh |
|
Varsova |
Rs 1.49 – 2.09 Lakh | Rs 1.64 – 2.60 Lakh |
| Worli | Rs 3.41- 4.10 Lakh |
Rs 4.45 – 5.54 Lakh |
|
Ready Reckoner Rate in Pune |
||
|
Mahalunge |
Rs 53,890 | Rs 75,480 |
| Sus | Rs 55,800 |
Rs 66,910 |
|
Aundh |
Rs 1.21 Lakh | Rs 1.40 Lakh |
| Balewadi | Rs 72,610 |
Rs 83,500 |
|
Baner |
Rs 94,520 | Rs 1 Lakh |
| Dhanori | Rs 64,260 |
Rs 73,900 |
|
Kharadi |
Rs 73,410 | Rs 75,960 |
| Chinchwad | Rs 56,190 |
Rs 64,620 |
|
Mamurdi |
Rs 50,050 | Rs 50,850 |
| Wakad | Rs 49,510 |
Rs 56,940 |
|
Ready Reckoner Rate in Navi Mumbai |
||
|
Airoli |
Rs 83,100 | Rs 95,600 |
| Belapur | Rs 68,600 |
Rs 78,900 |
|
Ghansoli |
Rs 96,100 | Rs 1.10 Lakh |
| Vashi | Rs 1.32 Lakh |
Rs 1.44 Lakh |
|
New Panvel |
Rs 58,900 | Rs 71,400 |
| Kharghar | Rs 88,750 |
Rs 97, 800 |
|
Ready Reckoner Rate in Thane |
||
| Ghodbunder | Rs 1 Lakh |
Rs 1.10 Lakh |
|
Kolshet |
Rs 94,600 | Rs 96,800 |
| Majiwada | Rs 98,600 |
Rs 1.13 Lakh |
|
Kalyan |
Rs 69,200 | Rs 77,800 |
| Thane | Rs 97,000 |
Rs 1.34 Lakh |
|
Bhiwandi |
Rs 33,100 | Rs 38,000 |
| Ulhasnagar | Rs 43,700 |
Rs 49,550 |
|
Ready Reckoner Rate in Nagpur |
||
|
Anant Nagar |
Rs 3,650 | Rs 4,600 |
|
Bajaj Nagar |
Rs 7,050 | Rs 8,750 |
| Chinchbhawan | Rs 3,900 |
Rs 4,650 |
| Friends Colony | Rs 4,350 |
Rs 5,100 |
| Ring Road | Rs 3,400 |
Rs 4,200 |
Also, Read Latest Ready Reckoner Rates In Bangalore 2024
What is the Ready Reckoner Rate In Maharashtra for Premium Properties?
In Maharashtra, on premium properties, up to 20% charge is applied to ready reckoner rates. Only high-story towers in Mumbai, Navi Mumbai, Pune and Nashik are subject to the premium charges.
Online Process to Find Ready Reckoner Rate Maharashtra
The Government of Maharashtra has implemented an online system that is available in both English and Marathi to make Ready Reckoner rates available to everyone.
On the website of the Department of Stamp and Registration, you can view the Maharashtra ready reckoner rates.
Here is a process to find Ready reckoner rates in Maharashtra online.
Step 1: Visit the official website of the Department of registration and Stamp by the Maharashtra government.
Step 2: Go to Online Services and click on e-ASR
Step 3: From the Dropdown option click on e-ASR 1.9
Step 4: On the next screen Maharashtra map will be displayed, selects your locality to find the Circle rate.
Step 5: Select desired District, Taluka, and Village. Ready reckoner values will be displayed as shown.
What is the Importance of the Maharashtra Ready Reckoner Rate?
In Maharashtra, ready reckoner rates assist individuals in determining the minimal worth of their property.
Here’s the importance of the Ready Reckoner rate is given below,
For the Valuation Of Property
In Maharashtra, ready reckoner rates assist in determining the appropriate value of a property. The prices are set by the Maharashtra government taking into account the property’s area, size, location, etc.
All of the cities’ ready reckoner tariffs are posted on the Government of Maharashtra’s online government portal.
In Generating Revenue
In Maharashtra, ready reckoner rates assist the state government in collecting money in the kind of stamp duty & other registration fees.
The government assesses ready reckoner rates based on various property classifications, such as flats, buildings, apartments, and plots.
Registration Fees
The ready reckoner rate listing for Maharashtra includes fixed fees for registering real estate. These fees must be paid by the buyers for their properties to be registered on their own after the sale.
You can compute the stamp duty & registration fees using Maharashtra’s ready reckoner rates.
Also, Check out the Latest Ready Reckoner Rates In Mumbai 2024
FAQs
| What is the ready reckoner rate in Maharashtra?
Mumbai’s ready reckoner rate reduction is 0.6%. |
| Is stamp duty increasing in 2024 in Maharashtra?
In Maharashtra, the stamp duty has been reestablished as of April 2023. In April 2024 it will be revised. |
| What is the Ready Reckoner rate in Aurangabad Maharashtra?
The ready reckoner rate in Aurangabad Maharashtra is Rs. 1,330 to Rs. 91,960 per sq. mt. |
| Where can I check my ready reckoner rate in Maharashtra?
You can check the ready reckoner rate in Maharashtra on the official website of the Department of Registration and stamp or you can visit the sub-registrar office of your city. |
