Mr. Anuj Khetan - Director, Vijay Khetan Group "It’s being perceived that the ready reckoner rates have been increased in the State. Income tax provisions mean a developer cannot sell at a price point lower than the Ready Reckoner rate, as it translates into taxation burden for both buyer and seller,” said Dr. Niranjan Hiranandani, President (National) NAREDCO and Assocham. In the backdrop of allegations raised by Devendra Fadnavis, former CM and current Leader of Opposition in the Assembly, the government has, however, ruled that the ready reckoner values of 2020 or 2019, whichever is higher, will be considered for premium calculation for the scheme. Nonetheless, it’s not the right time to do this exercise when the industry's balance sheet is under severe stress and the country is reeling under this horrific pandemic.". The move is expected to support the property sector by reviving stalled projects, avoid delays and rein in speculative price rise. The decision was taken at a cabinet meeting held on August 26, 2020. Also, an average of average 2.81percent for rural areas, 1.21 percent for municipal councils, 1.29 percent for Nagar Panchayat areas and 1.2 percent for municipal corporation areas. Due to a course correction of values in some of the pockets and rationalisation of the rates in some other areas, there was a minor drop of 0.6 per cent in the market values in the city. वार्षिक बाजार मूल्य दर तक्ता महाराष्ट्, मुद्रांक व नोंदणी शुल्क आता मराठी भाषामध्ये ! The ready reckoner rates (RR) have been increased on an average of 1.74%. The rates have been slashed in few areas whereas it's been hiked in some, therefore it's not a direct surge in the rates. The government has now decided to increase the ready reckoner (RR) rates in the state by around 1.74 percent. The concession on prem A bonanza is in store for property buyers also as the Maharashtra government has proposed to rationalise ready reckoner (RR) rates and a 2 per cent cut in … “Maharashtra Ready Reckoner” which is Annual Statement Rates, this app includes Market value card which are the fare rates of immovable property, on the basis of which market value is calculated. प्रादेशिक प्रमुख कार्यालये, उपसंचालक नगररचना, मूल्यांकन कार्यालय मुंबई, सहाय्यक संचालक नगररचना, मूल्यांकन कार्यालय. Sign up to stay updated with Construction related news, market trends and more! In Pune, the RR remains the highest hike at 3.91%, except for Mumbai where it reduced by 0.6%. देण्यात आलेली माहिती संबंधित कार्यालयाशी तपासून घ्यावी. DISCLAIMER :Information owned, maintained and updated by : Dept. Even though the increase is being hailed as negligible, we can just wait and see if it will have negligible or rather cascading effects on the existing sluggish real estate market. Tata Motors delivers 26 e-buses to Mumbai. The scheme is applicable for the ongoing as well as new projects. “It is surprising, that in a scenario where the suggestion, ‘reduce the price of residential real estate’ has been covered by media –be it Deepak Parekh, Nitin Gadkari or Piyush Goel – the state government has instead opted to enhance the Ready Reckoner value. It is also the minimum price on which the stamp duty and registration fees are charged. The new rates will come into effect from September 12, an official statement from the office of the Inspector General of Registration and Controller of Stamps said. New projects will be impacted too, as the Ready Reckoner value will govern all levies, duties and taxes payable by a developer. While calculating the property values, all variations have been covered like (with lift, without lift, RCC Pukka, Semi Pukka, Age Factor, Group Housing, No. The Maharashtra Stamp Act was passed in 1958 and applies to all the instruments mentioned in Schedule 1, on which the stamp duty is payable to the state. September 15, 2020 W hile property prices are on a decline and rental rates are crashing, the Maharashtra government has announced an increase in ready reckoner (RR) rates to extract higher taxes under the guise of rationalisation. Ready reckoner rates hiked in Maharashtra from today; realty sector unhappy mumbai Updated: Sep 12, 2020, 00:58 IST What is Maharashtra Stamp Act? The government is likely to approve the minutes of the decision in the upcoming cabinet meeting and the government resolution will be issued thereafter. It was expected to declare ready reckoner rates for this year on April 1. GST is compliance based regime and non compliance may result costly financially and ... March'2020 24th June If Return Filed with 15 days of 20 20 20th April 2020 ... Maharashtra Karnataka Goa Kerala Tamil Nadu Telangana Andhra Pradesh Daman & Diu A few weeks ago, Due to current pandemic, the Maharashtra government decided to reduce stamp duty on housing property from 5 percent to 2 percent until December 31, 2020. २०१७ सर्व हक्क सुरक्षित © ऑनलाइनरेडिरेकनर.कॉम. One hopes the authorities will consider this and take necessary steps.”. संकेतस्थळ स्थापना : मराठी दिन, २७ फेब्रुवारी २०१७. of Floors, etc.) The new RRR envisions an increase of 0.5, 0.99, 0.44 and 3 percent, for Mumbai, Navi Mumbai, Thane and Raigad respectively. PTI September 11, 2020 23:14 IST Pune, Sep 11 (PTI) The Maharashtra government on Friday hiked ready reckoner rates by an average of 1.74 per cent across the state. Avg hike of 1.74 pc in ready reckoner rates in Maha Pune tops. “Going by the trends in the property markets, the rates will be rationalised to meet the current market realities,” he said. The rate depends on various factors. The Maharashtra government on Friday increased the ready reckoner rates of properties by an average 1.74 per cent. These factors form the basis for the benchmark below which no property transaction can take place in a locality. They say that every blockbuster story has incredible twists and turns and Maharashtra’s real estate fits the bill perfectly. Online Ready Reckoner – First Read the following four instructions carefully and then visit http://igrmaharashtra.gov.in/eASR/frmMap.aspx The premium will be calculated based on ready reckoner rates of 2019 or 2020, whichever is higher. How Mumbaikars will benefit Maharashtra Govt increases Ready Reckoner Rates September 2020 Image courtesy: Indian Express For the first time in two and a half years, the state government hiked the Ready Reckoner Rates (RRR) by an average of 1.74 percent across the state. Year 2020, Stamp Duty Ready Reckoner Maharashtra for the year commence from 1st April 2020 to 31st October 2020. RRR is the minimum value at which a property can be registered. Reportedly, Omprakash Deshmukh, the Inspector-General of Registrations and Controller of Stamps, justified the statewide hike saying the last revision in the values had come way back in April 2017. GST READY RECKONER 1st July’2020. Yearly Ready Reckoner Maharashtra for Stamp Duty in Marathi Language. Real estate industry reacts positively to the maiden real estate related brainchild by the Maha Vikas Aghadi government. 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