Ready Reckoner Rate At Ghodbunder Road, Thane West
In Ghodbunder Road Thane West, variables like location, facilities, infrastructure, supply and demand, and so on influence the ready reckoner rate.
In India, investing in real estate has grown in popularity. Thane West’s Ghodbunder (GB) Road is a promising area with corporate parks, opulent homes, industrial estates, and lively micromarkets. This sought-after neighbourhood is attractive to both real estate investors and potential homeowners due to its basic facilities, strong infrastructure, and easy access. Th e ready reckoner rates in Thane West’s Ghodbunder Road are examined in detail in this article.
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What is the rate for a ready reckoner?
The circle rate, also known as the ready reckoner rate, has a significant impact on local real estate values. It represents the government’s assessment of the lowest price at which a property ought to be registered. This evaluation takes into account a number of variables, including the local demand, infrastructure, facilities, and location. Buyers and sellers alike must comprehend the ready reckoner rate. It helps buyers ascertain a property’s fair market worth. On the other hand, sellers can set a competitive price for their property by using this rate as a point of reference.
Ready reckoner rate at Ghodbunder Road, Thane West
The ready reckoner rates for the office, commercial, residential, and industrial properties in Mauje Kawesar, Thane West, which are close to both sides of GB Road, are listed here.
| Plot/Land | Residential properties | Commercial properties | Office spaces | Industrial spaces |
| Rs 24,500/sqm | Rs 1,18,800/sqm | Rs 1,48,600/sqm | Rs 1,36,500/sqm | Rs 1,36,500/sqm |
Why is it important for you to comprehend the ready reckoner rate in Thane West’s Ghodbunder Road?
In the Indian real estate market, the ready reckoner rate plays a crucial role in determining property prices and transactions. The significance of comprehending a particular locality’s ready reckoner rate prior to making investments is expounded upon in the ensuing section.
Property valuation
In order to help both buyers and sellers determine the fair market value of a property, the ready reckoner rate is used as a reference point for property valuation. People can determine whether a transaction is overvalued or undervalued by comparing the ready reckoner rate with the actual transaction price.
Tax assessment
Municipal corporations & local authorities use the ready reckoner rate to determine property taxes, which has an impact on property taxation. Higher rates could mean more tax burdens for property owners.
Stamp duty calculation
The ready reckoner rate is used to determine the amount of stamp duty, a tax levied on real estate transactions. States impose different taxes on this. By using the ready reckoner rate, buyers and sellers can ensure that the stamp duty payable is calculate precisely and there are no discrepancies.
Transparency
In addition to encouraging openness in real estate transactions, the ready reckoner rate works as a disincentive to illicit transactions and the use of black money. The government can prevent unethical behaviour and guarantee an honest and open real estate market by implementing a uniform rate.
How to find the ready reckoner rate in Thane?
- Go to https://igrmaharashtra.gov.in/Home to access the IGR Maharashtra website.
- Select both “e-ASR” and “e-ASR 2.0.”
- Click on the district and taluka markers for Thane on the Maharashtra map. Select the village to receive the ready reckoner rates for.
- In the selected village, a comprehensive selection of ready reckoner rates will be displayed to you.
GB Road, Thane West ready reckoner rate factors
Location
The location of a property is one of the key factors affecting the ready reckoner rate. Thane West’s Ghodbunder Road is a desirable area with good access to Mumbai and other areas of Thane. The value of real estate is impact by its proximity to significant landmarks like schools, hospitals, and retail malls.
Amenities
The ready reckoner rate is affected by the availability of amenities in residential complexes, such as community halls, gyms, and swimming pools. Because they provide a higher quality of life, properties with more facilities tend to command higher rates.
Demand & supply
Prices of real estate are mostly determine by supply and demand in the market. The ready reckoner rate may rise if there is a significant demand and a limited supply for houses on GB Road, Thane West.
Infrastructure
The ready reckoner rate is influence by the accessibility of infrastructural features such as electricity, roads, water supply, and public transport. Recent years have seen major infrastructure development along Ghodbunder Road, which has raised local real estate values.
Market trends
The ready reckoner rate is influence by general market trends, government regulations, the state of the economy, and the real estate industry’s performance. Keeping up with current market trends is crucial for making well-informed selections.
Why buy property in Thane West’s Ghodbunder Road?
Ghodbunder Road, a well-known residential area in Thane, has seen tremendous growth recently. There are several high-end, mid-range, and low-cost projects in the neighbourhood, and developers like Hiranandani, JVM, Raunak, Cosmos, and Dosti Group are actively working on different projects.
Potential purchasers have found GB Road to be appealing because of its decreased real estate costs. Nonetheless, the region is seeing rapid price growth in addition to phenomenal infrastructure and rapid development. The proposed monorail network is expect to improve connectivity on Ghodbunder Road. It is meant to function as a feeder system to the proposed metro project in Thane. The MMRDA finalised the metro line that will run along Ghodbunder Road, connecting Wadala and Kasarvadavali. The area’s landscape is about to change because to these upcoming projects.
In a nutshell
India has seen a surge in real estate investment, with Thane West’s Ghodbunder Road developing as a promising area. GB Road is a popular destination for real estate investors and would-be homeowners since it offers business parks, opulent homes, industrial estates, and lively micromarkets. Since the ready reckoner rate affects property pricing, it is essential to understand it before making an investment in this field. The rate influences tax and stamp duty calculations, acts as a standard for property valuation, and encourages openness in real estate transactions. Ghodbunder Road is expect to undergo major changes due to impending infrastructure projects, such as the propose metro line and monorail, making it a sensible investment option going forward.
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