The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Maharashtra govt increases ready reckoner rates across state

by TLN Team April 2, 2022April 2, 2022
written by TLN Team April 2, 2022April 2, 2022
Maharashtra govt increases ready reckoner rates across state

The Maharashtra government has announced an average 5% increase in ready reckoner rates (RR) for properties across the state. According to the revised ready reckoner rates, the highest increase will be in Thane municipal limits, at an average of 9.48%, followed by Pune city at 6.12% and Greater Mumbai at 2.3%.

Ready reckoner are the rates of immoveable property on the basis of which market value is calculated and whereas stamp duty is determined.

The rise in RR rates is also likely to increase overall prices of real estate in Maharashtra.

The inspector-general of revenue and controller of stamps, Shravan Hardikar, announced the new rates in Pune and said that the revised rates have been determined based on property registration documents during 2021-22 and 2020-21.

As far as Maharashtra is concerned, there is a hike of 5% across the state (excluding the Mumbai region) while for municipal corporations (excluding Mumbai), the RR rates have been increased by 8.80%. In rural parts, there has been an increase of 6.96%. In the Mumbai municipal corporation, the rates have been hiked by an average 2.34%.

In a statement, the real estate developers’ body CREDAI said that the industry is going through very tough and challenging times due to input material price hike by about 40% and many developers, especially in the affordable housing category, are unable to buy at these exorbitant rates.

“This may lead to temporary closure of work. In these tough times, a hike in the RR rates was highly uncalled for, said Anil Pharande, president, CREDAI Pune metro.

According to Pharande, the RR rates in Pune, Pune extended and PCMC have increased by 6.12%, 10.15% and 12.36%, respectively. “Such increase was totally uncalled for. In many places, it is seen that there was a mismatch in the RR rates and we had appealed for correction.”

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Gayatri Bharadwaj joins Ravi Teja’s ‘Tiger Nageswar Rao’
next post
Aryan Khan drug case: NCB witness Prabhakar Sail dies due to heart attack

You may also like

Current valuations offer an excellent opportunity for staggered...

July 6, 2022

India’s first plant protein cluster making country a...

July 5, 2022

VIA LEW Masterclass on “How to be Pitch...

July 4, 2022

Butibori Manufacturers Association to observe no-honking day on...

July 2, 2022

VIA to organise “Plant Based Foods Export” Workshop...

July 2, 2022

Withdrawal of GST exemption on Room Tariff will...

June 30, 2022

VIA-LEW organized program on Recent changes in Income...

June 30, 2022

Seminar on amendments in GST and compliances in...

June 30, 2022

GST new rates, check list of items, services...

June 30, 2022

Isha Ambani to become chairman of Reliance conglomerate’s...

June 29, 2022

Trending News

  • Rahul Narvekar is new Mah Assembly Speaker

    July 3, 2022
  • India logs 17,070 new COVID cases in last 24 hours

    July 1, 2022
  • Rise in COVID cases, India reports 18,819 positive in last 24 hours

    June 30, 2022
  • First batch of pilgrims leaves for Amarnath Yatra

    June 30, 2022
  • India bans single use plastic, to be in effects from July, check list of ban items

    June 28, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

April 2022
M T W T F S S
« Mar   May »
 123
45678910
11121314151617
18192021222324
252627282930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.