On the 28 th of April this year, ex-chief Minister of Maharashtra, Devendra Fadnavis, had suggested a reduction up to 40% for the ready reckoner rate in Maharashtra over the next couple of years across the State. Ready reckoner rates/circle rates are the minimum price of a locality announced by the State government through the registrar or sub-registrar office. The ready reckoner rates serve as the biggest revenue source to the state governments. Ready reckoner or circle rates: The income tax laws do not provide any guidelines on how the fair market value of a property has to be arrived at. Here is a handy guide on the same. Ready Reckoner Rates in Mumbai It is always hard to digest an inevitable fact that blows a hammer in our finance. You can do calculations for Residential Flat, Bungalow / Duplex / Row House, Commercial Office, Shop and Industrial Unit on the click of your mouse or even on your mobile. The Maharashtra government fixes the ready reckoner rates for registration of commercial and residential properties across the State. Talking about an ever high property prices in Mumbai, shivers in bone is easily expected, even in just the flashes of thought of buying a property. It is prepared in simplest form requiring basic but important details of borrower/co-borrower’s income, property or asset as per loan requirement to get the eligibility of the loan. Every Bank considers some important parameters which are imbibed in these calculators. 99acres.com shares the current circle rates/ready reckoner rates in Mumbai (Revised in … Revised Stamp Duty and Ready Reckoner Rates for Maharashtra in 2014. VAKLoans brings in various Types of Calculators under one single window. Learning more about the ready reckoner rate in Maharashtra is important if you are looking at purchasing real estate in the near future. Using of e-stamp duty ready reckoner year wise which we have provided for the year 2015-16, 2016-17, 2017-18 and 2018-19, 2019-20, and 2020-21 from which you can search current and previous year ready reckoner rates applicable for calculation of government tax such as stamp duty, registration fee along with guideline for calculating the market value of the property. However, there are certain ways through which you can make an estimation of the fair market value of the property which would, generally, be acceptable to the Income-Tax Department. 77 1 bhk Flat for Sale in Vikhroli East, Mumbai. Buy 1 BHK Ready to Move Apartments & Flats in Vikhroli East, Mumbai from Verified listings Real photos Maps & much more on Magicbricks. Ritesh Mehta, head (West India residential), JLL, gave an example of Walkeshwar where the ready reckoner rate is Rs 75,000 on the built-up area while the market rate is Rs 65,000. for residential, office, shop, and industrial property available online. Year : 2018-19 Updated and revised ready reckoner rates of division/ village Ghatkopar in registration office jurisdiction of taluka Kurla by zone, sub-zones with C. S. / C. T. S. No. Its also used for the tax calculation by income tax department. You can easily search for Ready Reckoner values (market values) for properties as per property location / village, CTS No, Zone & Sub Zone anywhere, anytime. Use of ready reckoner rates: Ready reckoner rates basis on which stamp duty is calculated for properties in India. 30 March 2020 – There will be no change in the property rates (Annual Statement of Rates) till 31 May 2020 or till the next Government Order (whichever is earlier). Property tax is also determined by ready reckoner rates. East, ready reckoner rate vikhroli east registration of commercial and residential properties across the State governments fixes... Determined by ready reckoner rates/circle rates are the minimum price of a locality announced by the State through... 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