Must Knows

Everything about ready reckoner rate Pune

[ecis2016.org] Mentioned is everything about ready reckoner rate Pune that you should know if you are interested in property investment.

Ready reckoner rate Pune (RRR) refers to the traditional value of any residential property, commercial property, and land/plot assessed and regulated by the Maharashtra government. All the state governments declare area-wise ready reckoner rates every year (Annual Statement Rate or Ready Reckoner Rate, ASR) to ensure the correct valuation of real estate properties. The RRR or circle rate is the bare minimum rate a buyer pays for a property. The government imposes stamp duty and registration fees on this minimum rate. If the actual cost of the property is more than the RRR, then the stamp duty and registration fee are imposed on the actual price of the property. Circle Rate is the benchmark below which no property transaction can occur in an area. The Maharashtra government last hiked the ready reckoner rate Pune on September 12, 2020.

You are reading: Everything about ready reckoner rate Pune

Details concerning ready reckoner rate Pune  

Factors that determine ready reckoner rate Pune

Read also : Tips to find the right real estate broker

RRR/ Circle rates are not the same for all areas across Pune. The ready reckoner rate Pune 2020-21 is decided by the Maharashtra government based on the following factors :

  • Circle rates differ across areas or localities based on the market value of the area and the available facilities in the area.
  • The properties in Pune and its suburbs are divided by the Pune administration into 19 zones and further into 221 subzones. This division is mainly done in reference to main arterial roads and rail lines (west to east).
  • Generally, higher ready reckoner rates are assigned to commercial properties, and lower reckoner rates are given to residential properties by the Maharashtra government.
  • Ready reckoner rate Pune also varies across different types of property. The registrar value of independent houses and plots is different from the value of apartments and flats.
  • While determining an assessed value for the payment of stamp duty, the type of parking (stilt or open) is considered.
  • A premium on ready reckoner rate Pune is charged by the Pune registrar office and the Maharashtra government for flats located on higher floors.

Stamp duty and registration charges in Pune

Stamp duty is a tax levied on the higher declared agreement and assessed value according to the ready reckoner rate Pune. Registration charges are an added tax imposed over and above the stamp duty to cover the cost of running registration offices.

Gender Stamp Duty Rate
Female 6%
Male 6%
Male and female joint owners 6%

Calculating ready reckoner rate Pune

Read also : Top 5 Government sanctioned business loan schemes in India

Hypothetically, if you purchased a residential property at a market price of Rs. 6,000 per sq. ft, and the circle rate in that area is Rs. 5,000 per sq. ft; then you would have to pay the registry fee and stamp duty on the higher value (market value) to avert double taxation. For property registration to take place, the minimum value set by the ready reckoner Pune has to be lesser than the property value. A property is often rented at a lower rate than the market rate of the property. It makes evaluating and updating rates regularly and bringing closer to the market rates significant. Since the prices of many real estate deals in private sectors are not disclosed, a standard like ready reckoner rate Pune 2020-21 ensures that state governments do not lose out on their essential source of income. The stamp duty and registration fees are also imposed based on market rate.

Drawbacks of ready reckoner rate Pune

Buyers often plan with sellers to register properties at the ready reckoner rate Pune to bypass certain taxes. The buyer’s tax liability is reduced as the seller is compelled to pay at the current market rate. It reduces the seller’s tax gains and the buyer’s stamp duty liability. The buyer then pays the remaining purchase price to the seller. It results in authorities losing out on their income. The ready reckoner rate Pune is regularly altered to ensure that the rules do not face an income loss.

Ready reckoner rate Pune 2020-21 details for flats/apartments and residential properties

Area Flats/Apartments Residential Properties
Ambegaon Khurd Rs.47,720 – Rs.49,890 Rs.19,540 – Rs.19,540
Ambegaon Budruk Rs.53,000 – Rs.62,540 Rs.16,120 – Rs.23,630
Aundh Rs.54,450 – Rs.103,740 Rs.15,980 – Rs.91,960
Akurdi Rs.42,230 – Rs.57,480 Rs.6,280 – Rs.32,000
Balewadi Rs.47,100 – Rs.73,010 Rs.17,830 – Rs.29,480
Baner Rs.42,760 – Rs.83,830 Rs.19,690 – Rs.31,800
Bhavani Peth Rs.45,550 – Rs.81,150 Rs.14,480 – Rs.59,210
Bhosari Vibhag Rs.40,770 – Rs.52,090 Rs.10,080 – Rs.20,970
Bibvewadi Rs.45,290 – Rs.95,160 Rs.8,340 – Rs.35,300
Bopkhel Rs.36,300 – Rs.38,470 Rs.2,640 – Rs.4,300
Bopodi Rs.47,420 – Rs 75,820 Rs.9,000 – Rs.28,420
Budhwar Peth Rs.53,350 – Rs.69,110 Rs.31,820 – Rs.57,800
Borhadewadi Rs.44,270 – Rs.47,650 Rs.3,940 – Rs.8,450
Charholi Budruk Rs.40,840 – Rs.46,070 Rs.3,150 – Rs.6,780
Chinchwad Rs.44,070 – Rs.60,320 Rs.11,640 – Rs.38,380
Chovisawadi Rs.39,100 – Rs.40,430 Rs.3,140 – Rs.3,910
Dapodi Rs.47,400 – Rs.53,450 Rs.8,800 – Rs.20,390
Dhankawadi Rs.38,240 – Rs.78,440 Rs.11,370 – Rs.26,220
Dhanori Rs.26,890 – Rs.59,080 Rs.8,720 – Rs.20,790
Dhayari Rs.50,360 – Rs.52,390 Rs.18,280 – Rs.22,200
Dighi Rs.42,150 – Rs.43,690 Rs.2,830 – Rs.6,790
Dudulgaon Rs.40,920 – Rs.44,760 Rs.1,330 – Rs.4,080
Erandwane Rs.73,170 – Rs.1,39,860 Rs.31,790 – Rs.68,770
Ganj Peth Rs.45,210 – Rs.50,860 Rs.29,640 – Rs.39,320
Ganesh Peth Rs.53,910 – Rs.67,650 Rs.33,590 – Rs.59,930
Ghorpadi Rs.53,150 – Rs.1,47,730 Rs.3,360 – Rs.57,220
Guruwar Peth Rs.51,960 – Rs.54,640 Rs.33,290 – Rs.44,240
Gultekdi Rs.79,630 – Rs.91,980 Rs.26,570 – Rs.36,940
Hingne Budrukh Kanwar Nagar Rs.77,500 – Rs.91,500 Rs.34,500 – Rs.44,030
Hadapsar Rs.38,180 – Rs.80,930 Rs.16,700 – Rs.29,700
Kalas Rs.38,400 – Rs.52,290 Rs.7,840 – Rs.17,370
Kasba Peth Rs.50,430 – Rs.67,370 Rs.27,510 – Rs.55,880
Khadki Cantonment Rs.37,120 – Rs.44,870 Rs.9,750 – Rs.17,350
Katraj Rs.34,220 – Rs.66,980 Rs.9,500 – Rs.26,180
Kiwale Rs.34,500 – Rs.48,180 Rs.2,900 – Rs.8,640
Kharadi Rs. 41,240 – Rs.71,880 Rs.8,040 – Rs.29,960
Kondhwa Khurd Rs.35,200 – Rs.62,950 Rs.14,000 – Rs.21,040
Kondhwa Budruk Rs.40,360 – Rs.56,250 Rs.15,860 – Rs.17,520
Kothrud Rs.68,320 – Rs.1,14,570 Rs.20,530 – Rs.44,730
Lohegaon Rs.36,040 – Rs.75,420 Rs.8,180 – Rs.28,750
Mangalwar Peth Rs.44,730 – Rs.71,840 Rs.17,840 – Rs.37,690
Mohammadwadi Rs.34,050 – Rs.61,540 Rs.15,410 – Rs.22,000
Mamurdi Rs.36,400 – Rs.42,300 Rs.2,570 – Rs.3,940
Moshi Rs.40,440 – Rs.49,710 Rs.4,320 – Rs.15,180
Mundhwa Rs.36,400 – Rs.42,300 Rs.21,910 – Rs.33,110
Nigdi Rs.42,180 – Rs.50,620 Rs.10,360 – Rs.18,780
Nana Peth Rs.43,800 – Rs.68,040 Rs.16,390 – Rs.50,450
Parvati Rs.71,900 – Rs.1,12,520 Rs.5,200 – Rs.38,880
Pashan Rs.50,870 – Rs.88,170 Rs.4,810 – Rs.31,170
Pimple Gurav Rs.40,960 – Rs.73,290 Rs.5,590 – Rs.19,830
Pimple Nilakh Rs.44,680 – Rs.74,110 Rs.7,740 – Rs.25,130
Pimple Saudagar Rs.44,760 – Rs.86,420 Rs.8,100 – Rs.28,720
Pimpri Waghire Rs.41,260 – Rs.67,460 Rs.8,230 – Rs.37,460
Rahatni KaleWadi Vibhag Rs.39,700 – Rs.67,430 Rs.6,330 – Rs.19,360
Rasta Peth Rs.53,100 – Rs.66,620 Rs.15,550 – Rs.35,540
Ravet Rs.46,630 – Rs.57,060 Rs.4,120 – Rs.16,680
Raviwar Peth Rs.49,300 – Rs.74,800 Rs.32,360 – Rs.66,570
Sadashiv Peth Navi Peth Dattawadi Rs.64,960 – Rs.99,980 Rs.23,490 – Rs.80,770
Sangvi Rs.41,530 – Rs.57,190 Rs.9,010 – Rs.18,910
Shaniwar Peth Rs.72,990 – Rs.82,830 Rs.29,630 – Rs.62,930
Somwar Peth Rs.51,870 – Rs.75,140 Rs.18,970 – Rs.46,180
Shukrawar Peth Rs.58,420 – Rs.80,950 Rs.15,150 – Rs.58,240
Talwade Rs.38,890 – Rs.41,270 Rs.2,390 – Rs.5,610
Undri Rs.49,330 – Rs.60,450 Rs.19,910 – Rs.20,430
Wadgaon Budruk Rs.34,900 – Rs.72,490 Rs. 7,080 – Rs.26,310
Wadgaon Khurd Rs.40,610 – Rs.71,760 Rs.9,190 – Rs.26,280
Wadgaon Sheri (Ram Wadi) Rs.33,670 – Rs.81,310 Rs.7,780 – Rs.2,420
Wanwadi Rs.54,310 – Rs.75,930 Rs.10,000 – Rs.72,980
Warje Rs.36,090 – Rs.68,830 Rs.2,130 – Rs.24,410
Yerwada Rs.42,380 – Rs.97,350 Rs.13,330 – Rs.46,370

Ready reckoner rate Pune 2020-21 details for offices and shops

Area Offices Shops
Ambegaon Khurd Rs.47,250 – Rs.51,080 Rs. 49,910 – Rs. 55,720
Ambegaon Budruk Rs.59,140 – Rs.63,500 Rs. 71,610 – Rs. 80,000
Aundh Rs.87,100 – Rs. 125,850 Rs. 156,210 – Rs. 1,111,600
Akurdi Rs.45,470 – Rs. 72,890 Rs. 50,000 – Rs. 132,090
Balewadi Rs.58,820 – Rs. 85,090 Rs. 75,000 – Rs. 121,340
Baner Rs.62,080 – Rs. 101,480 Rs. 81,130 – Rs. 144,770
Bhavani Peth Rs.55,030 – Rs. 103,320 Rs. 74,370 – Rs. 180,700
Bhosari Vibhag Rs.43,380 – Rs. 53,030 Rs. 47,170 – Rs. 89,490
Bibvewadi Rs.50,310 – Rs. 139,480 Rs. 76,740 – Rs. 211,220
Bopkhel Rs.40,570 – Rs. 42,680 Rs. 43,370 – Rs. 51,200
Bopodi Rs.71,140 – Rs. 85,200 Rs. 89,800 – Rs. 133,440
Budhwar Peth Rs.82,670 – Rs. 139,110 Rs. 124,570 – Rs. 233,860
Borhadewadi Rs.42,810 – Rs. 47,970 Rs. 51,360 – Rs. 52,320
Charholi Budruk Rs.42,470 – Rs. 46,350 Rs. 45,290 – Rs. 47,900
Chinchwad Rs.50,080 – Rs. 71,530 Rs. 56,440 – Rs. 161,960
Chovisawadi Rs.43,720 – Rs. 43,720 Rs. 46,620 – Rs. 51,200
Dapodi Rs.67,760 – Rs. 79,850 Rs. 83,760 – Rs. 132,260
Dhankawadi Rs.55,080 – Rs. 96,100 Rs. 65,750 – Rs. 140,670
Dhanori Rs.46,640 – Rs. 86,190 Rs. 56,290 – Rs. 118,630
Dhayari Rs.52,417 – Rs. 55,500 Rs. 58,650 – Rs. 64,780
Dighi Rs.44,380 – Rs. 44,380 Rs. 45,820 – Rs. 45,820
Dudulgaon Rs.42,680 – Rs. 44,590 Rs. 51,200 – Rs. 53,510
Erandwane Rs.1,10,700 – Rs. 182,790 Rs. 131,870 – Rs. 348,840
Ganj Peth Rs.48,100 – Rs. 66,010 Rs. 75,440 – Rs. 119,190
Ganesh Peth Rs.74,090 – Rs. 1,23,240 Rs. 112,080 – Rs. 215,730
Ghorpadi Rs.55,750 – Rs. 176,010 Rs. 83,660 – Rs. 177,270
Guruwar Peth Rs.66,590 – Rs. 78,840 Rs. 100,370 – Rs. 162,460
Gultekdi Rs.90,670 – Rs. 143,450 Rs. 116,600 – Rs. 246,820
Hingne Budrukh Kanwar Nagar Rs.98,450 – Rs. 133,880 Rs. 125,000 – Rs. 178,380
Hadapsar Rs.52,760 – Rs. 85,000 Rs. 62,000 – Rs. 137,080
Kalas Rs.39,190 – Rs. 57,960 Rs. 44,670 – Rs. 78,140
Kasba Peth Rs.70,520 – Rs. 105,720 Rs. 112,990 – Rs. 184,520
Khadki Cantonment Rs.39,570 – Rs. 53,500 Rs. 43,820 – Rs. 77,160
Katraj Rs.53,410 – Rs. 68,340 Rs. 64,110 – Rs. 100,340
Kiwale Rs.42,000 – Rs. 56,700 Rs. 48,000 – Rs. 60,000
Kharadi Rs.42,440 – Rs. 83,370 Rs. 50,920 – Rs. 92,470
Kondhwa Khurd Rs.44,190 – Rs.77,360 Rs. 58,000 – Rs. 134,110
Kondhwa Budruk Rs.43,050 – Rs.61,910 Rs. 60,980 – Rs. 84,960
Kothrud Rs.69,930 – Rs.1,52,810 Rs. 79,700 – Rs. 260,700
Lohegaon Rs.40,950 – Rs.96,650 Rs. 49,140 – Rs. 115,900
Mangalwar Peth Rs.65,970 – Rs.1,24,120 Rs. 76,810 – Rs. 155,320
Mohammadwadi Rs.39,240 – Rs.70,860 Rs. 53,720 – Rs. 99,670
Mamurdi Rs.36,980 – Rs.44,550 Rs. 41,530 – Rs. 48,570
Moshi Rs.43,050 – Rs.49,930 Rs. 44,500 – Rs. 71,950
Mundhwa Rs.76,510 – Rs.1,05,160 Rs. 97,860 – Rs. 139,850
Nigdi Rs.44,240 – Rs.50,900 Rs. 58,410 – Rs. 103,450
Nana Peth Rs.54,060 – Rs.1,12,650 Rs. 73,060 – Rs. 198,210
Parvati Rs.85,760 – Rs.1,63,330 Rs. 98,160 – Rs. 265,050
Pashan Rs.78,780 – Rs.1,09,330 Rs. 112,000 – Rs. 150,830
Pimple Gurav Rs.43,790 – Rs.78,390 Rs. 49,440 – Rs. 96,480
Pimple Nilakh Rs.53,480 – Rs.72,450 Rs. 60,730 – Rs. 81,770
Pimple Saudagar Rs.50,250 – Rs.86,420 Rs. 54,580 – Rs. 105,600
Pimpri Waghire Rs.45,100 – Rs.73,460 Rs. 57,860 – Rs. 144,640
Rahatani KaleWadi Vibhag Rs.43,040 – Rs.69,210 Rs. 55,120 – Rs. 89,120
Rasta Peth Rs.75,080 – Rs.97,140 Rs. 90,120 – Rs. 170,310
Ravet Rs.47,670 – Rs.58,410 Rs. 52,750 – Rs. 63,170
Raviwar Peth Rs.73,770 – Rs.1,29,080 Rs. 97,960 – Rs. 235,300
Sadashiv Peth Navi Peth Dattawadi Rs.99,190 – Rs.1,98,350 Rs. 127,250 – Rs. 312,550
Sangvi Rs.43,230 – Rs.62,630 Rs. 44,890 – Rs. 72,060
Shaniwar Peth Rs.92,720 – Rs.1,54,860 Rs. 109,010 – Rs. 268,020
Somwar Peth Rs.75,490 – Rs.1,05,740 Rs. 114,230 – Rs. 189,710
Shukrawar Peth Rs.85,260 – Rs.1,45,790 Rs. 111,300 – Rs. 284,780
Talwade Rs.42,400 – Rs.42,610 Rs. 43,760 – Rs. 49,920
Undri Rs 53,360 – Rs.73,780 Rs. 65,000 – Rs. 92,150
Wadgaon Budruk Rs.38,930 – Rs.72,950 Rs. 48,370 – Rs. 92,470
Wadgaon Khurd Rs.46,050 – Rs.99,360 Rs. 55,990 – Rs. 119,160
Wadgaon Sheri (Ram Wadi) Rs.41,680 – Rs.1,24,740 Rs. 50,010 – Rs. 185,910
Wanwadi Rs.72,660 – Rs.1,20,250 Rs. 92,920 – Rs. 185,750
Warje Rs.55,050 – Rs.90,810 Rs. 72,650 – Rs. 127,380
Yerwada Rs.62,000 – Rs.1,66,580 Rs. 75,810 – Rs. 243,730

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Must Knows

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button