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Ready Reckoner Rates in Pune: What Homebuyers Need to Know

by Ashiana / / 3741 views/ Reading Time: 8 minutes

Understanding Ready Reckoner Rates (RRR) is essential for anyone considering purchasing property in Pune. Also known as circle rates or guideline values, these rates are critical in determining property values, registration charges, and taxes. Pune’s real estate market is diverse, dynamic, and constantly evolving, so knowing how RR rates impact your investment is key. This guide will delve into everything homebuyers need to know about Ready Reckoner rates in Pune to make informed decisions.

Ready Reckoner Rates in Pune: What Homebuyers Need to Know

What Are Ready Reckoner Rates


Ready Reckoner rates, set by the state government, are the minimum values at which properties in a specific area can be sold or transferred. These rates vary based on location, type of property, and property usage (residential or commercial). Essentially, they serve as the government’s property valuation, establishing a benchmark for stamp duty, registration charges, and taxes.

Understanding RR rates is crucial for homebuyers because they impact the cost of acquiring a property and other associated charges. The government typically revises these rates annually, affecting property prices and market trends.

Why Are Ready Reckoner Rates Important for Homebuyers


Ready Reckoner rates impact various aspects of the property purchase process:

  • Stamp Duty and Registration Fees: The amount you pay in stamp duty and registration fees is based on the RR rate or the actual sale price of the property, whichever is higher. Higher RR rates mean higher government fees.
  • Loan and Valuation: Financial institutions often consider RR rates when appraising a property’s value for loan purposes. Understanding RR rates can help homebuyers anticipate loan amounts and interest rates.
  • Investment Value: RR rates also impact resale values and investment returns. Property values are likely to follow in areas where RR rates have seen steady increases, enhancing the investment’s potential.

How Are Ready Reckoner Rates Determined in Pune


In Pune, the Maharashtra state government sets RR rates, which can differ widely across locations within the city. Several factors contribute to determining these rates:

  • Location and Development: Proximity to commercial centers, schools, hospitals, and public transport facilities can influence RR rates in a particular locality.
  • Property Type: Rates may vary for residential, commercial, and industrial properties.
  • Amenities and Infrastructure: Areas with better infrastructure, public amenities, and green spaces often have higher RR rates.
  • Market Trends: While RR rates are government-determined, market conditions and buyer demand in certain localities can prompt adjustments to these rates.

How to Check Ready Reckoner Rates (RRR) in Pune


Homebuyers can easily access RR rates for specific areas through the Maharashtra government’s official website or the local revenue department’s online portals. Many websites offer updated RR rates for different localities in Pune, allowing buyers to estimate property costs accurately. It’s essential to verify the latest rates before proceeding with any purchase.

Latest ready reckoner rates for residential apartments and plots in Pune


Place in Pune Flats/Apartments Residential lands Place in Pune Flats/Apartments Residential lands
Ambegaon Khurd Rs 47,720 – Rs 49,890 Rs 19,540 – Rs 19,540 Kondhwa Budruk Rs 40,360 – Rs 56,250 Rs15,860 – Rs 17,520
Anudh Rs 54,450 – Rs 1,03,740 Rs 15,980 – Rs91,960 Kothrud Rs 68,320 – Rs 1,14,570 Rs 20,530 – Rs 44,730
Akrudi Rs 42,230 – Rs 57,480 Rs 6,280 – Rs 32,000 Lohegaon Rs 36,040 – Rs 75,420 Rs 8,180 – Rs 28,750
Balewadi Rs 47,100 – Rs 73,010 Rs 17,830 – Rs 29,480 Mangalwar Peth Rs 44,730 – Rs 71,840 Rs 17,840 – Rs 37,690
Baner Rs 42,760 – Rs 83,830 Rs  19,690 – Rs 31,800 Mohammadwadi Rs 34,050 – Rs 61,540 Rs 15,410 – Rs 22,000
Bhavani Peth Rs 45,550 – Rs 81,150 Rs 14,480 – Rs 59,210 Mundhwa Rs 36,400 – Rs 42,300 Rs 21,910 – Rs 33,110
Bhosari Vibhag Rs 40,770 – Rs 52,090 Rs 10,080 – Rs 20,970 Nigdi Rs 42,180 – Rs 50,620 Rs 10,360 – Rs 18,780
Bopodi Rs 47,420 – Rs 75,820 Rs 9,000 – Rs 28,420 Nana Peth Rs 43,800 – Rs 68,040 Rs 16,390 – Rs 50,450
Budhwar Peth Rs 53,350 – Rs 69,110 Rs 31,820 – Rs 57,800 Pimple Nilakh Rs 44,680 – Rs 74,110 Rs 7,740 – Rs 25,130
Chinchwad Rs 44,070 – Rs 60,320 Rs 11,640 – Rs 38,380 Pimple Saudagar Rs 44,760 – Rs 86,420 Rs 8,100 – Rs 28,720
Dapodi Rs 47,400 – Rs 53,450 Rs 8,800 – Rs 20,390 Pimpri Waghire Rs 41,260 – Rs 67,460 Rs 8,230 – Rs 37,460
Dhankawadi Rs 38,240 – Rs 78,440 Rs 11,370 – Rs 26,220 Rahatni Kale Wadi Vibhag Rs 39,700 – Rs 67,430 Rs 6,330 – Rs 19,360
Dhanori Rs 26,890 – Rs 59,080 Rs 8,720 – Rs20,790 Rasta Peth Rs 53,100 – Rs 66,620 Rs 15,550 – Rs 35,540
Dhayari Rs 50,360 – Rs 52,390 Rs 18,280 – Rs 22,200 Raviwar Peth Rs 49,300 – Rs 74,800 Rs 32,360 – Rs 66,570
Erandwane Rs 73,170 – Rs 1,39,860 Rs 31,790 – Rs 68,770 Sadashiv Peth Navi Peth Dattawadi Rs 64,960 – Rs 99,980 Rs 23,490 – Rs 80,770
Ganj Peth Rs 45,210 – Rs 50,860 Rs 29,640 – Rs 39,320 Sangvi Rs 41,530 – Rs 57,190 Rs 9,010 – Rs 18,910
Ganesh Peth Rs 53,910 – Rs 67,650 Rs 33,590 – Rs 59,930 Shaniwar Peth Rs 72,990 – Rs 82,830 Rs 29,630 – Rs 62,930
Guruwar Peth Rs 51,960 – Rs 54,640 Rs 33,290 – Rs 44,240 Somwar Peth Rs 51,870 – Rs 75,140 Rs 18,970 – Rs 46,180
Gultekedi Rs 79,630 – Rs 91,980 Rs 26,570 – Rs 36,940 Shukrawar Peth Rs 58,420 – Rs 80,950 Rs 15,150 – Rs 58,240
Hingne Budruk Kanvernagar Rs 77,500 – Rs 91,500 Rs 34,500 – Rs 44,030 Talwade Rs 38,890 – Rs 41,270 Rs 2,390 – Rs 5,610
Hadpsar Rs 38,180 – Rs 80,930 Rs 16,700 – Rs 29,700 Undri Rs 49,330 – Rs 60,450 Rs 19,910 – Rs 20,430
Kalas Rs 38,400 – Rs 52,290 Rs 7,840 – Rs 17,370 Wadgaon Budruk Rs 34,900 – Rs 72,490 Rs  7,080 – Rs 26,310
Kasba Peth Rs 50,430 – Rs 67,370 Rs 27,510 – Rs 55,880 Wadgaon Khurd Rs 40,610 – Rs 71,760 Rs 9,190 – Rs 26,280
Khadaki Cantonment Rs 37,120 – Rs 44,870 Rs 9,750 – Rs17,350 Wadgaon Sheri (Ram Wadi) Rs 33,670 – Rs 81,310 Rs 7,780 – Rs 2,420
Katraj Rs 34,220 – Rs 66,980 Rs 9,500 – Rs 26,180 Wanwadi Rs 54,310 – Rs 75,930 Rs 10,000 – Rs 72,980
Kharadi Rs 41,240 – Rs 71,880 Rs 8,040 – Rs 29,960 Warje Rs 36,090 – Rs 68,830 Rs 2,130 – Rs 24,410
Kondhwa Khurd Rs 35,200 – Rs 62,950 Rs14,000 – Rs 21,040 Yerwada Rs 42,380 – Rs 97,350 Rs 13,330 – Rs 46,370


Latest ready reckoner rates for commercial space and shops in Pune.


Place in Pune Office space Shops Place in Pune Office space Shops
Ambegaon Khurd Rs 47,250 – Rs 51,080 Rs 49,910 – Rs 55,720 Gultekedi Rs 90,670 – Rs 143,450 Rs 1,16,600 – Rs 2,46,820
Ambegaon Budruk Rs 59,140 – Rs 63,500 Rs 71,610 – Rs 80,000 Hingne Budruk Kanvernagar Rs98,450 – Rs 133,880 Rs 1,25,000 – Rs 1,78,380
Anudh Rs 87,100 – Rs 125,850 Rs 1,56,210 – Rs 1,111,600 Hadpsar Rs 52,760 – Rs 85,000 Rs 62,000 – Rs 1,37,080
Akrudi Rs 45,470 – Rs 72,890 Rs 50,000 – Rs 1,32,090 Kalas Rs 39,190 – Rs 57,960 Rs 44,670 – Rs 78,140
Balewadi Rs 58,820 – Rs 85,090 Rs 75,000 – Rs 1,21,340 Kasba Peth Rs 70,520 – Rs 105,720 Rs 1,12,990 – Rs 1,84,520
Baner Rs 62,080 – Rs 101,480 Rs 81,130 – Rs 1,44,770 Khadaki Cantonment Rs 39,570 – Rs 53,500 Rs 43,820 – Rs 77,160
Bhavani Peth Rs 55,030 – Rs 103,320 Rs 74,370 – Rs 1,80,700 Katraj Rs 53,410 – Rs 68,340 Rs 64,110 – Rs 1,00,340
Bhosari Vibhag Rs 43,380 – Rs 53,030 Rs 47,170 – Rs 89,490 Kiwale Rs42,000 – Rs 56,700 Rs 48,000 – Rs 60,000
Bibvewadi Rs 50,310 – Rs 139,480 Rs 76,740 – Rs 2,11,220 Kharadi Rs 42,440 – Rs  83,370 Rs 50,920 – Rs 92,470
Bopkhel Rs 40,570 – Rs 42,680 Rs 43,370 – Rs 51,200 Kondhwa Khurd Rs 44,190 – Rs 77,360 Rs 58,000 – Rs 1,34,110
Bopodi Rs 71,140 – Rs 85,200 Rs 89,800 – Rs 1,33,440 Kondhwa Budruk Rs 43,050 – Rs 61,910 Rs 60,980 – Rs 84,960
Budhwar Peth Rs 82,670 – Rs 139,110 Rs 1,24,570 – Rs 2,33,860 Kothrud Rs 69,930 – Rs 1,52,810 Rs 79,700 – Rs 2,60,700
Borhadewadi Rs 42,810 – Rs 47,970 Rs 51,360 – Rs 52,320 Lohegaon Rs 40,950 – Rs 96,650 Rs 49,140 – Rs 1,15,900
Charoli Budruk Rs 42,470 – Rs 46,350 Rs 45,290 – Rs 47,900 Mangalwar Peth Rs 65,970 – Rs 1,24,120 Rs 76,810 – Rs 1,55,320
Chinchwad Rs 50,080 – Rs 71,530 Rs 56,440 – Rs 1,61,960 Mohammadwadi Rs 39,240 – Rs 70,860 Rs 53,720 – Rs 99,670
Chovisawadi Rs 43,720 – Rs 43,720 Rs 46,620 – Rs 51,200 Mamurdhi Rs 36,980 – Rs 44,550 Rs 41,530 – Rs 48,570
Dapodi Rs 67,760 – Rs 79,850 Rs 83,760 – Rs 1,32,260 Moshi Rs43,050 – Rs 49,930 Rs 44,500 – Rs 71,950
Dhankawadi Rs 55,080 – Rs 96,100 Rs 65,750 – Rs 1,40,670 Mundhwa Rs 76,510 – Rs 1,05,160 Rs 97,860 – Rs 1,39,850
Dhanori Rs 46,640 – Rs 86,190 Rs 56,290 – Rs 1,18,630 Nigdi Rs 44,240 – Rs 50,900 Rs 58,410 – Rs 1,03,450
Dhayari Rs 52,417 – Rs 55,500 Rs 58,650 – Rs 64,780 Nana Peth Rs 54,060 – Rs 1,12,650 Rs 73,060 – Rs 1,98,210
Dighi Rs 44,380 – Rs 44,380 Rs 45,820 – Rs 45,820 Parvati Rs 85,760 – Rs 1,63,330 Rs 98,160 – Rs 2,65,050
Dudulgaon Rs 42,680 – Rs 44,590 Rs 51,200 – Rs 53,510 Pashan Rs 78,780 – Rs 1,09,330 Rs 1,12,000 – Rs 1,50,830
Erandwane Rs 1,10,700 – Rs 182,790 Rs 1,31,870 – Rs 3,48,840 Pimple Gurav Rs 43,790 – Rs 78,390 Rs 49,440 – Rs 96,480
Ganj Peth Rs48,100 – Rs 66,010 Rs 75,440 – Rs 1,19,190 Pimple Nilakh Rs 53,480 – Rs 72,450 Rs 60,730 – Rs 81,770
Ganesh Peth Rs 74,090 – Rs 1,23,240 Rs 1,12,080 – Rs 2,15,730 Pimple Saudagar Rs 50,250 – Rs 86,420 Rs 54,580 – Rs 1,05,600
Ghorpadi Rs 55,750 – Rs 176,010 Rs 83,660 – Rs 1,77,270 Pimpri Waghire Rs 45,100 – Rs 73,460 Rs 57,860 – Rs 1,44,640
Guruwar Peth Rs 66,590 – Rs 78,840 Rs 1,00,370 – Rs 1,62,460 Rahatni Kale Wadi Vibhag Rs 43,040 – Rs 69,210 Rs 55,120 – Rs 89,120


Ready Reckoner Rates – Key Factors to Consider as a Homebuyer


When considering RR rates, homebuyers should be aware of the following points:

  • Compare with Market Rates: RR rates are a minimum guideline; actual market rates can be significantly higher. A property’s market rate depends on the location, developer, and additional amenities.
  • Impact on Resale Value: Higher RR rates can translate to higher resale values. When investing in property, look for areas with upward RR rates to ensure potential gains.
  • Taxes and Duties: RR rates directly affect property tax, stamp duty, and registration fees. Areas with lower RR rates may seem affordable, but be sure to account for long-term returns and the area’s development prospects.
  • Market Timing: RR rates are usually revised annually. Homebuyers can benefit by timing their purchases around these revisions, as increased RR rates can lead to higher costs.

Book your Property in Pune with Ashiana Housing

Current Trends in Pune’s RR Rates


Pune has experienced consistent growth in RR rates, especially in prime areas such as Koregaon Park, Kalyani Nagar, and Baner, which are driven by urban development, infrastructure improvements, and increased demand. Upcoming areas like Wagholi and Hinjewadi, while still affordable, are seeing gradual RR rate hikes due to IT sector expansion and better connectivity, indicating potential growth in property values.

How to Calculate Property Value Using Ready Reckoner Rates in Pune


To calculate the value of a property in Pune using the ready reckoner rate, two key factors are considered:

  • Ready Reckoner Rate: This rate depends on the location, type of property, its utility, and age.
  • Built-up Area: This refers to the usable area of the property.

The formula to calculate the property value is:

Property Value = Ready Reckoner Rate (per sq m) × Built-up Area (in sq m)

For example, if a new property owner purchases an apartment with a built-up area of 500 sq m and the ready reckoner rate is Rs 50,000 per sq m, the property value would be:

Property Value = Rs 50,000 × 500 = Rs 2,50,00,000

Practical Tips for Homebuyers in Pune


To make the most of your investment, here are a few practical steps to follow:

  • Research Localities: Evaluate areas with promising growth potential, even if RR rates are lower, to maximise investment value.
  • Assess Future Development Plans: Government or private sector plans for infrastructure development can lead to RR rate increases, enhancing property values.
  • Budget for Additional Costs: Consider the overall cost, including stamp duty, registration fees, and property taxes, all based on RR rates.
  • Consult Experts: Seek guidance from real estate agents, legal advisors, and financial experts to understand how RR rates impact your specific investment goals.

How RR Rates Affect Long-term Investment in Pune


For homebuyers with a long-term view, tracking RR rates is essential. Higher RR rates usually mean higher property prices, but they can also signify well-developed areas with better amenities, potential rental income, and resale value. Investing in areas where RR rates are steadily increasing may provide higher returns as these regions attract more infrastructure projects and commercial developments.

Conclusion


Ready Reckoner rates are an integral part of the home-buying process in Pune. These rates influence the initial purchase cost and impact future investment returns, making it essential for homebuyers to stay informed. By understanding how RR rates work, comparing them to market prices, and researching the latest trends, buyers can make confident, informed decisions that align with their financial goals.

Whether you’re a first-time buyer or an investor, keeping track of RR rates and their annual revisions can guide you to making the most of Pune’s dynamic real estate market.
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Category: Real Estate, Investment,

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Q1. What is the ready reckoner rate of land in Pune?

Current Ready Reckoner Rate in Pune

Rs. 1,330 – Rs. 91,960 per sq. mt.

The Ready Reckoner Rate, also referred to as the circle rate, establishes transparency for both buyers and sellers. It acts as a reference point for property valuation, ensuring fairness in transactions and simplifying the process.

RRR stands for Ready Reckoner Rate. It refers to the minimum valuation set by the government for properties in a particular area, serving as a benchmark for various taxes, charges, and fees related to property transactions.

About The Author

Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.

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