Complete Guide: Maharashtra’s Ready Reckoner Rate 2022

The government notifies property transactions at a minimum rate known as the “Ready Reckoner Rate” through the sub-registrar office. In certain areas, Ready Reckoner Rate is also referred to as Circle Rate. In Maharashtra, it is nearly hard to sell a house for less than the ready reckoner rate. Maharashtra, ready reckoner rates assist consumers in determining the minimal worth of their property.

Regardless of whether the property’s market worth is higher or lower, people in Maharashtra are required to register their properties using these rates. Based on the property’s ready reckoner rates, the stamp duty and registration fees are computed. If the chosen property’s market value is less than its ready reckoner rate, additional stamp duty and registration fees must be paid by the buyer in order to complete the deal. The agents have the option to register a complaint with RERA Maharashtra for transactions that are made below the ready reckoner pricing of a particular property. In Maharashtra, ready reckoner rates aid in controlling speculative pricing.

Maharashtra has increased its prices as of March 31, 2022. The rate increases average 8.80 % across all the municipalities, including Thane, Navi Mumbai, Pune, Panvel, and others. Mumbai’s ready reckoner rate, though, won’t change.

The ready reckoner rate in Maharashtra, the variables influencing the rate, and where to access the ready reckoner rates on the Maharashtra government website are all covered in this blog.


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The Importance of Ready Reckoner Rates in Maharashtra

In Maharashtra, ready reckoner rates assist consumers in determining the minimal worth of their property. Regardless of whether the property’s market worth is higher or lower, people in Maharashtra are required to register their properties using these rates. Based on the property’s ready reckoner rates, the stamp duty and registration fees are computed. If the chosen property’s market value is less than its ready reckoner rate, additional stamp duty and registration fees must be paid by the buyer in order to complete the deal.

The advantages of ready reckoner rates in Maharashtra are shown below.

Property appraisal

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 acreage, size, location, etc. All of the cities’ ready reckoner tariffs are posted on the State Government of Maharashtra’s online government webpage. To check the same, you may just go to the website. Following the circle rate list in this post, we have provided a complete approach to assist you in finding ready reckoner rates in Maharashtra.

Income Generation

In Maharashtra, ready reckoner rates assist the state government in collecting money in the form of stamp duty and other registration fees. In Maharashtra, the state government assesses ready reckoner prices based on several property categories, including flats, buildings, apartments, and plots.

Costs of registration

In Maharashtra, the cost of registering a property is specified in the ready reckoner rate list. These fees must be paid by the buyers in order for their properties to be registered in their names following the sale. We will also teach you how to compute the stamp duty and registration fees using Maharashtra’s ready reckoner rates.

Maharashtra Ready Reckoner Rates for 2022–2023

Rates have grown by 9.48 percent in Thane, 8.90 percent in Navi Mumbai, 8.90 percent in Panvel, 9.24 percent in Panvel, 6.12 percent in Pune, 12.36 percent in Pimpri Chinchwad, and 12.15 percent in Nasik. Tax rates for both sellers and purchasers went risen along with the growth in real estate values. The tariff increases in a few important Maharashtra cities are listed below.

Cities

Updated rate

Mumbai

-0.6%

Thane

8.80%

Raigad

3%

Pune

6.12%

Rural area

1.74%

Municipal Corporation Areas

1.02%

Municipal Council Areas

1.29%

Rate on Ready Reckoner Premium in Maharashtra

In Maharashtra, a premium of up to 20% is applied to ready reckoner rates. Only high story buildings in Mumbai, Nashik, Navi Mumbai, and Pune are subject to the surcharge. Following are the fees:

Floors

Premium Fee

Up to 4th floor

Nil

5th to 10th floor

5%

11th to 20th floor

10%

21st to 30th floor

15%

31st floor and above

20%

Also Read: Maharashtra’s Stamp Duty 2022

Maharashtra’s Ready Reckoner Rates for 2022

Before you go out and purchase a house, we advise you to look at the ready reckoner rates in Maharashtra. These prices help you negotiate appropriately by giving you a realistic picture of the property pricing.

The ready reckoner prices for a few Maharashtra cities are shown here. We’ve included some notable location prices; see the city-wise blogs for additional information.

Rates for Ready Reckoners in Mumbai

Here are some important Mumbai neighborhoods’ typical rates:

Area

Apartments and Flats (Rs. Per Square Meter)

Office (Rs. Per Square Meter)

Andheri East

1.14 to 2.44 lakh rupees

1.25 to 2.68 lakh rupees

Andheri East Kurla Road

1.08 to 1.58 lakh rupees

1.43 to 1.74 lakh rupees

Andheri East Marol

92,100 to 1.57 lakh rupees

1.11 to 1.78 lakh rupees

Andheri Oshiwara

1.01 to 2.37 lakh rupees

1.21 to 2.61 lakh rupees

Andheri Varivali

1.45 to 1.73 lakh rupees

1.66 to 1.90 lakh rupees

Andheri Versova

1.49 to 2.09 lakh rupees

1.64 to 2.60 lakh rupees

Andheri West

1.38 to 2.10 lakh rupees

1.56 to 2.60 lakh rupees

Bandra East

1.11 to 2.90 lakh rupees

1.30 to 3.27 lakh rupees

 

Pune Circle Rates

The circle rates and ready reckoner rates for the major areas in Pune are listed here.

Area

Flats And Apartments (Rs. Per Square Meter)

Office (Rs. Per Square Meter)

Akrudi

Rs 42,230 – Rs 57,480

Rs 45,470 – Rs 72,890

Ambegaon Budruk

Rs 53,000 – Rs 62,540

Rs 59,140 – Rs 63,500

Ambegaon Khurd

Rs 47,720 – Rs 49,890

Rs 47,250 – Rs 51,080

Aundh

Rs 54,450 – Rs 1.04 Lakh

Rs 87,100 – Rs 1.26 Lakh

Bhosari Vibhag

Rs 40,770 – Rs 52,090

Rs 43,380 – Rs 53,030

Budhwar Peth

Rs 53,350 – Rs 69,110

Rs 82,670 – Rs 1.39 Lakh

Charoli Budruk

Rs 40,840 – Rs 46,070

Rs 42,470 – Rs 46,350

Chinchwad

Rs 44,070 – Rs 60,320

Rs 50,080 – Rs 71,530

Dhankawadi

Rs 38,240 – Rs 78,440

Rs 55,080 – Rs 96,100

Erandwane

Rs 73,170 – Rs 1.40 Lakh

Rs 1.11 Lakh – Rs 1.83 Lakh

Ghorpadi

Rs 53,150 – Rs 1.48 Lakh

Rs 55,750 – Rs 1.76 Lakh

Gultekedi

Rs 79,630 – Rs 91,980

Rs 90,670 – Rs 1.43 Lakh

Hingne Budruk Kanvernagar

Rs 77,500 – Rs 91,500

Rs 98,450 – Rs 1.34 Lakh

Kalas

Rs 38,400 – Rs 52,290

Rs 39,190 – Rs 57,960

Khadaki Cantonment

Rs 37,120 – Rs 44,870

Rs 39,570 – Rs 53,500

Kondhwa Budruk

Rs 40,360 – Rs 56,250

Rs 43,050 – Rs 61,910

Lohegaon

Rs 36,040 – Rs 75,420

Rs 40,950 – Rs 96,650

Mamurdhi

Rs 36,400 – Rs 42,300

Rs 36,980 – Rs 44,550

Parvati

Rs 71,900 – Rs 1.13 Lakh

Rs 85,760 – Rs 1.63 Lakh

Pashan

Rs 50,870 – Rs 88,170

Rs 78,780 – Rs 1.09 Lakh

Pimpri Waghire

Rs 41,260 – Rs 67,460

Rs 45,100 – Rs 73,460

Rahatni Kale Wadi Vibhag

Rs 39,700 – Rs 67,430

Rs 43,040 – Rs 69,210

Ravet

Rs 46,630 – Rs 57,060

Rs 47,670 – Rs 58,410

Sangvi

Rs 41,530 – Rs 57,190

Rs 43,230 – Rs 62,630

Talwade

Rs 38,890 – Rs 41,270

Rs 42,400 – Rs 42,610

Undri

Rs 49,330 – Rs 60,450

Rs 53,360 – Rs 73,780

Wadgaon Khurd

Rs 40,610 – Rs 71,760

Rs 46,050 – Rs 99,360

Wanwadi

Rs 54,310 – Rs 75,930

Rs 72,660 – Rs 1.20 Lakh

Yerwada

Rs 42,380 – Rs 97,350

Rs 62,000 – Rs 1.67 Lakh

 

Rates for Ready Reckoners in Navi Mumbai

The ready reckoner prices for a few well-known Navi Mumbai neighbourhoods are included in the table.

Name

Residential

Industrial

Airoli

Rs 80300

Rs 85700

Kopar khairne 

Rs 87700

Rs 101900

Ghansoli

Rs 76300

Rs 91500

Vashi

Rs 103000

Rs 120200

Sanpada

Rs 102000

Rs 116500

Nerul

Rs 43000

Rs 55500

New Panvel

Rs 58800

Rs 71400

Ulwe

Rs 58800

Rs 71400

Dronagiri

Rs 58800

Rs 71400

Taloja

Rs 56100

Rs 65400

Kharghar

Rs 88700

Rs 97600

 

Rates for Ready Reckoners in Thane

The ready reckoner prices for popular Thane neighborhoods are listed below.

Name

Residential

Industrial

Bhiwandi

Rs 40600

Rs 47700

Murbad

Rs 32700

Rs 37300

Shahpur

Rs 36300

Rs 42000

Ulhasnagar (CAMP A-CAMP-3)

Rs 42600

Rs 49500

Ambernath

Rs 46500

Rs 51900

Kalyan

Rs 69100

Rs 77700

Thane

Rs 83800

Rs 105200

 

Rates for Ready Reckoners in Nashik

The ready reckoner prices for important Nashik locations are shown here.

Name

Residential (per hectare)

Indira Nagar

Rs 5,77,000- Rs 7,15,000

Wadgoan

Rs 11,96,000- Rs 18,00,000

Sadgoan

Rs 812000- Rs 933000

Kashyapnagar

Rs 812000- Rs 933000

Kalvi

Rs 1020000- Rs 1395000

 

 Rates for Ready Reckoners in Nagpur

The ready reckoner prices for Nagpur’s major neighborhoods are listed below.

Name

Residential (per sq feet)

Anant Nagar

Rs. 3,300 – 3,650

Arya Nagar

Rs. 3,400 – 3,800

Bajaj Nagar

Rs. 7,050 – 8,250

Chinchbhavan

Rs. 3,900 – 4,650

Chinchbhuwan

Rs. 3,700 – 4,250

Civil Lines

Rs. 6,800 – 9,150

Friends Colony

Rs. 4,250 – 5,000

Jamtha

Rs. 3,150 – 3,350

Koradi Road

Rs. 3,350 – 3,850

Laxminagar

Rs. 6,600 – 8,050

Nrendra Nagar Extension

Rs. 4,650 – 5,700

Raj Nagar

Rs. 6,250 – 7,450

Ring Road

Rs. 3,350 – 4,250

Sadar

Rs. 6,600 – 8,350

Wathoda

Rs. 3,250 – 4,250

Zingabai Takli

Rs. 3,400 – 3,750

Umred Road

Rs. 3,250 – 4,150

 

Rates for Ready Reckoner in Aurangabad

The residential ready reckoner rates for Aurangabad’s most important neighborhoods are listed below.

Name

Residential (per hectare)

Adgaon Sark

Rs 805000-Rs 1135000

Aurangpur

Rs 1030000- Rs 1295000

Gopalpur

Rs 1670000- Rs 2400000

Alampur

Rs 1030000- Rs 1295000

 

Rates for Ready Reckoner in Ratnagiri

The residential ready reckoner rates for Ratnagiri are included in the table.

Name

Residential (per sq feet)

Dapoli Camp

Rs  3,733

Zadgaon

Rs 3,500 – 4,246

Khed

Rs 2,278 – 3,000

Khedashi

Rs 2,641 – 2,842

Nachane

Rs  2,941 – 4,923

Patwardhan Wadi

Rs 2,909 – 4,232

Chiplun

Rs  3,175 – 9,314

Bahadur Shaikh

Rs  2,545

Markandi

2,576 – 2,930

How to Prepare for the IGR Maharashtra Reckoner Rates

The Maharashtra government has established an online system that is available in both English and Marathi to make tariffs available to everyone. On the website of the Department of Registration and Stamps, you may view the Maharashtra circular prices. Additionally, you can receive a current ready reckoner rate list from the authorised staff at the Sub-office Registrar’s in your city.

In a few easy steps, you may obtain the ready reckoner rates for Maharashtra online or offline.

Online Resource for Ready Reckoner Rates in Maharashtra

Step 1: Visit the Department of Registration & Stamps Maharashtra website. Now navigate to “Online Services.”

Complete Guide: Maharashtra's Ready Reckoner Rate 2022

Step 2: Next, choose the ‘e-ASR’ option from the list of available online services. From the drop-down option, choose Process. You may also find more alternatives like About, User’s Guide, and FAQs in the list of online services. Any of these can be chosen based on your needs. You may find out more about how to obtain the ready reckoner rates in Maharashtra by using the User Guide option.

Step 3: After choosing Process, a new webpage with a map of Maharashtra will load. You must click on the name of the city you wish to examine the ready reckoner rates in Maharashtra for on the map.

Step 4: Choose Taluka and Village from the drop-down option after that. For instance, if you choose Juhu as the village/zone and Mumbai Suburbs as the district. The Juhu district’s ready reckoner rate for residential, office, retail, and industrial uses would thereafter be shown.

Step 5: Prepare yourself with local reckoner rates.

Locate Offline Ready Reckoner Rates in Maharashtra

  1.  To obtain an offline list of ready reckoner rates in Maharashtra, go to the sub registrar’s office in your city and speak with one of the authorized people.
  2. Next, enter information about your property, like its location, neighborhood, owner’s name, city, etc., to get specifics on Maharashtra’s circle charges.
  3. Locate your property in the list of ready reckoner rate lists and fill out the necessary details.

How Ready Reckoner Rates Differ from Market Rates in Maharashtra

See the table to see how the ready reckoner rates for real estate in Maharashtra compare to their market prices.

  • Definition:

The state government of Maharashtra determines a minimum price for a specific parcel of land at the ready reckoner rate. On the other hand, the market rate is the price at which a piece of real estate may be purchased in a certain area.

  • Property appraisal:

The state government of Maharashtra assesses ready reckoner prices depending on the property’s kind, location, and zone. On the other hand, the district administration evaluates market prices while taking into account the amenities and services offered for a certain property, along with its kind and location.

  • Registration of Property:

Even though the chosen property’s market value is less than its ready reckoner rate, it can only be registered in Maharashtra using ready reckoner rates.

  • Charges for registration and stamp duty:

The stamp duty and registration fees are computed based on ready reckoner rates in Maharashtra at the time of property registration.

  • Revision:

The state government of Maharashtra occasionally changes the ready reckoner prices. On the other hand, market rates are pushed more regularly in response to infrastructure improvements occurring in various locations.

 

Factors Influencing Maharashtra’s Ready Reckoner Rate

In Maharashtra, not all cities, towns, or even residential and commercial locations have the same ready reckoner prices. The state’s ready reckoner rates are impacted by a number of things. Here are a few elements that have an impact on rates:

Market Price:

The market value of the property is used to determine the ready reckoner rate in Maharashtra.

Use of the Property:

Residential property has a lower RRR value than commercial property. Additionally, the plot’s price is higher than that of a flat or an apartment.

Amenities:

When determining the ready reckoner rate, the kind of amenities available in a community is also taken into account. Rates will be higher in an area with decent roads, train connections, hospitals, schools, parks, and retail centers.

 Property Location:

The location of the property is crucial in determining the ready reckoner prices in Maharashtra. For instance, rates in rural regions are lower than in metropolitan areas.

Conclusion

In conclusion, the Ready Reckoner Rate, which is determined by the Maharashtra government, is the minimum rate imposed for an immovable property. Every city and neighborhood has a different cost structure, and while determining the ready reckoner rate for Maharashtra, criteria including location, facilities, and usage are taken into account. On the website of the Department of Registration and Stamps, one may rapidly check the prices. Before you go out to purchase a home, check out our rate list.

 

 

 

 


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