Ready Reckoner (Circle Rate) rates to be available online in Maharashtra state cities of mumbai, pune etc.


Just by the click of a button and sitting in the comfort of your homes, you can soon access the ready reckoner rates of any government or private lands in any city or village in Maharashtra. 

The Department of  Registration and stamps has developed ‘Jio portal’. 

As per information, 22 districts including Pune, 400 municipal corporations have uploaded the data so far.  This facility will start from January 2024. As a result, citizens will get to know the re-calculator of land in different areas of different cities at a ‘click’ from their homes.

What is ‘Ready Reckoner’?


Also known as the circle rate, the ready reckoner rate is the minimum value at which a property transaction takes place. These charges are announced every year on March 31 by the regulatory authority of the State to ensure property transactions at uniform rates.

it's fixed price of a land as per the government. The state government has the power to determine the ‘Ready Reckoner’. It fixes the rates of ‘ready reckoner’ jointly by the Town Planning Department, and Registration Stamps Department.

Minimum Stamp duty to be paid on Ready Reckoner Value


Ready Reckoner is very important aspect of any property transaction as minimum stamp duty is calculated and paid on ready reckoner value of property irrespective of property value declared, it's more subjective matter so will try to write on this topic seperately or if any consultancy needed regarding this point then one can contact me directly to understand it.

Digital benefits


Till now, one has to go to the office of the sub-registrar to find out the ready reckoner of properties like land, houses, and flats in the city along with each village. One has to go there and fill out the printed application along with the property card or 7/12 of the concerned area. Thereafter, the rate of ready reckoner is withdrawn on the next day or at the convenience of the local staff. Hence, all this is going to stop due to ‘ready reckoner’ rates going to be available online.

The Registration Stamp Duty Department has started developing the Portal for the convenience of crores of citizens of the state to know the rates of ‘Ready Reckoner’ at one ‘click’. This work has been going on for the last one and a half years. However, this work has gained momentum since six months. To make the rates of ‘Ready Reckoner’ easy to understand, it has been divided into three phases. rural, urban; Also the impact areas are included in three stages.

Maharashtra Remote Sensing Application Center (MRSAC) has a Geo Information System (GIS) map of every part of the state by group number. Information on ‘ready reckoner’ for that part is available from the Registration Stamp Duty Department. Both those information are being integrated.

This work is currently being done through them with the help of ‘MRSAC’. So far, the work of uploading the ready reckoner of 22 districts which are city municipalities in the state has been done. 

The remaining 13 districts are yet to be updated. Officials of the Registration and Stamp Department said that the work could be completed in the next year.

Information Source: online.


Further, We are also professional real estate consultant having experience of more than decade & half and can assist in entire process related to PROPERTY IN INDIA and can be a complete one stop solution of above discussed various procedures and even assist in getting following services with our collaboration with very experienced legal advisers to conclude any such transaction smoothly.

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Real Estate Brokering and consulting services (Buy/Sell & Lease High ticket Properties in Pune, Panchgani, Mahabaleshwer, Lonavala, Mumbai & Goa cities of India.) 

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hope able to explain our point of view, still any query, please contact anytime on given contact number for detailed Discussion, cell no./whatsapp # +91-9822052388 / +91-7498829332, Email: deepaksundrani@thegururalty.com. 

Rest assuring here that we work very ethically, honestly and professionally and for us, our client interest is utmost and foremost then anything else. We have already successfully assisted many NRI’s, EXPATS INVESTORS & LOCALITIES to purchase property in both Mumbai & Pune cities as per their requirements & preferences and most of them are with us to manage their properties through us only so one can judge the level of trust & integrity we have in our work & services.  

Thank you very much for reading my article as here intention is to share information and enhance knowledge for each & everyone for the betterment & provide more transparency in real estate sector.

Looking forward to assist & serve genuine Sellers, Buyers & Investors.

wishing everyone good health and happyness.

Thanks & warm regards, 
Deepak Sundrani 
Cell / whatsapp: +91-9822052388 / 7498829332
Email: deepaksundrani@thegururealty.com

Comments

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