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Ready Reckoner Rate Pune 2017

Ready reckoner rate in Pune Jul 2017-18, stamp duty, registration charges

Last Updated 20th Jul 2017

Ready reckoner rates of Pune has been updated based on Government of Maharashtra rate hike effective from 1st April, 2017.

Current Ready Reckoner Rates in Pune

  • For residential apartments, the 2017 - 18 Ready reckoner rates in Pune range from Rs. 8,010 to Rs. 147,730 per square meter
  • As per the latest available notification, current Ready reckoner rates for commercial properties in Pune Rs. 1,111,600 per square meter
  • To check the current ready reckoner rate for your chosen area in Pune, use the MyLoanCare ready reckoner rate chart and tool
Select Area

Ready Reckoner Rate

Property Type Ready reckoner Rate*
Flats, Apartments Rs. 8,010 to Rs. 147,730 per square meter Details
Residential Lands Rs. 1,330 to Rs. 91,960 per square meter Details
Office Rs. 36,980 to Rs. 198,350 per square meter Details
Shop Rs. 41,530 to Rs. 1,111,600 per square meter Details

Ready Reckoner Rates

  • Ready reckoner rates refer to the minimum rate notified by the government through the registrar or sub registrar office of Pune for registration of property transactions.
  • Stamp duty is to be paid on the higher of the declared transaction value and the value calculated as per ready reckoner rate chart applicable for the sector or area of Pune

Stamp duty rate in Pune payable for registering property

  • Stamp duty is payable as a percentage of the higher of declared agreement value and assessed value as per ready reckoner rate chart.

Current stamp duty rates in Pune:

Stamp Duty Rate Rates
Males 6%
Females 6%
Male and Female Joint Owners 6%

Registration charges payable for registering property in Pune?

  • Registration charges are an additional levy over and above the stamp duty and are levied to cover the cost of running registration offices by the government
  • While registering property in Pune you will need to pay a registration fee of

What does ready reckoner rate in Pune depend upon? Are the rates same across Pune?

  • Ready reckoner rates tend to vary across various areas of Pune depending upon the market value of the area and the facilities that are available in that area
  • Pune administration has divided the properties in Pune and its suburbs into 19 divisions or zones and further into 221 sub zones based on location. Classification of zones and sub zones is mostly done with reference to main arterial roads and railway lines (west to east) – the marine drive, the linking road, the western railway line, the western express highway, the central railway line, the eastern express highway and the harbor line. The current classification of areas in Pune is available here
  • Typically, government tends to assign higher ready reckoner rate to commercial properties and lower rates for residential properties
  • Ready reckoner rates also depend upon the type of the property. Registrar value of flats and apartments in Pune is different from that of plots and independent houses even in the same area
  • Stilt parking and open parking are to be taken into account while arriving at assesses value for payment of stamp duty. The value of parking slot attached to an apartment is linked to ready reckoner rates as below:
  • Valuation of parking slots in Pune:

    Stilt parking or covered parking Area of parking slot multiplied by 25% of the ready reckoner rate per unit area applicable for the property
    Open parking Area of parking slot multiplied by 40% of the ready reckoner rate of developed land in that zone
  • It is well known that buyers in Pune prefer flats on higher floors and hence these are priced higher by builders and in resale markets. Builders charge a “floor rise” component for flats located on higher stories. Thus, the government of Maharashtra and Pune registrar office charge a premium on ready reckoner rate on flats located on higher floors as below:
  • Floor rise premium on flats in Pune for calculation of ready reckoner rates

    Floor of the apartment block Premium
    Upto 4th floor Nil
    5th to 10th floors 5%
    11th to 20th floors 10%
    21st to 30th floor 15%
    31st floor an above 20%

    How to calculate value of a property for payment of stamp duty in Pune using circle rates?

    Simply follow the following steps to calculate the value at which stamp duty is payable on purchase of property in Pune

    Step 1 – Check the built up area of the property, its other features like floor, amenities, age of construction and plot area. Built up area is regarded as the higher of 1.2 times the carpet area of the flat and the actual built up area if the same is mentioned in the property documents

    Step 2 – Select the applicable property type from among all the listed property types (e.g., is the property a flat or a plot or a house or a builder floor or a shop or a commercial unit)

    Step 3 – Select the locality or area where the property is located from the classification available on registrar office website or on MyLoanCare

    Step 4 – Calculate the minimum assessed value as per current ready reckoner rate as below:

    Residential apartments For builder flats and resale apartments in group housing societies, sum of:
    • Built up area of flat in square meter multiplied by applicable circle rate for flats in Rs. per per square meter * (1 + floor rise)
    • Number of open car parking slots * 40% of the ready reckoner rate of developed land in that zone
    • Number of covered car parking slots * 25% of the ready reckoner rate per unit area applicable for the property
    House Constructed on Plot Sum of:
    • Area of plot in square meter multiplied by applicable ready reckoner rate for flats in that area in Rs. per square meter multiplied by 1.25

    What is the difference between market rate and ready reckoner rates?

Pune Pune Ready Reckoner

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