Stamp duty could be paid legally without adjudication, on पा. XXII of 2001) dated 30th April, 2001 Finance Department Mantralaya, Mumbai 400 032, dated the 30th April, 2001 Maharashtra Tax Laws (Levy and Amendment) Act, 2001 This is done through stamp duty, It is important to note that the rates stated in the stamp duty ready reckoner are not mandatory and are just guidelines. Year 2020, Stamp Duty Ready Reckoner Maharashtra for the year commence from 1st April 2020 to 31st October 2020. for NRIs to buy property in India For many important reasons, people dwelling outside India that is Non Resident Indians (NRIs), Person of Indian Origins (PIOs) and foreign nationals have been procuring immovable pro... Property Registration Offices in ThaneList of the property registration offices in Thane with the details of Designation of Sub-registrars, their Office addresses and Telephone Numbers: ... Information on e-Stamping in ThaneThe Government has introduced new initiative to stamp your documents & agreements, i.e. Property tax is also determined by ready reckoner rates. Vikram Jagtap I provide Document Review, Drafting, and Registration Services in Pune & Mumbai. Tags evaluation, government property rate valuation, online property valuation, online ready reckoner, Property Valuation, ready reckoner By Adv. Housing.com shall not be liable in any manner (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. Its also used for the tax calculation by income tax department. The Mumbai, Thane and Navi Mumbai have their own Ready Reckoners. Although RR rates for Mumbai have been reduced marginally by 0.6%, the average increase for the rest of the state, including MMR, is 1.74%. 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. Date of effect Notification of the Maharashtra Tax Laws (Levy and Amendment) Act, 2001 (Mah. All amounts with regards to stamp duty and regi... On Tuesday 31st December, Maharashtra govt announced the revised stamp duty and ready reckoner rates for 2014.These new rates will be used in effect from January 2014 for calculating minimum registration and stamp duty charges while registering prope... Methods and System How is profit from the sale of a house property calculated?. These articles, the information therein and their other contents are for information purposes only. The concept of fair market value is very important under the income tax laws. Booking for Stamp Duty Ready Reckoner & Market Value of Properties in MUMBAI 2021-22 Started . In order to avoid under-reporting of the consideration in sale agreements (which is done to avoid payment of appropriate stamp duty),  states have introduced the system of predefined prices, depending on the area and nature of construction. Of Registration & Stamps,Maharashtra All queries/Comments regarding the contents may be sent at IGR, Pune(M.S.) The ready reckoner rates, which are prices of a residential property, land or commercial property for a given area, are published on March 31 every year. Welcome to Ready Reckoner - Thane a website covers real estate information like stamp duty, property registration, e-stamping,stamp duty on residential property, stamp duty on commercial property, vastu shastra for flats and offices, home loans,valuation and other legalities related to real estate across Thane. न. भा. Even if the seller plans to charge an amount that is lower than the per sq ft circle rate, you will have to pay stamp duty based on the prevalent circle rate. You can obtain a valuation report, from a valuer who is registered under the wealth tax rules and who is recognised for determining the fair market value for income tax purposes. The Maharashtra government issued its first ready reckoner on January 1, 2001. Location Group Scheme Industrial Rate Residential Rate Commercial Rate : Thane : A ₹ 22,400.00 ₹ 44,795.00 ₹ 67,100.00 : Meera : A ₹ 14,630.00: Not Applicable so the current rate is available as per current financial years. the basis of the Stamp Duty Ready Reckoner and Market value of Propert... Adjudication Offices in ThaneProperty Documents are adjudicated at the following offices at ThaneFor Influence & Rural properties Joint District Regist... Know about the type of documents required along with stamp duty charges and registration fees in Thane. Use of ready reckoner rates: Ready reckoner rates basis on which stamp duty is calculated for properties in India. The registered valuer follows a standard process for the purpose of arriving at the valuation and issues a detailed valuation report for the same. Circle rate is the value below which a property cannot be bought or sold in an area. You can easily search for Ready Reckoner values (market values) for properties as per property location / village, CTS No, Zone & Sub Zone anywhere, anytime. Fair market value is important for finding out the cost of acquisition, for capital gains purposes. (The author is chief editor – Apnapaisa and a tax and investment expert, with 35 years’ experience). If the property is being sold at a higher rate than the circle rate, the stamp duty will be calculated, based on the transaction cost in this case. Impact of Coronavirus on Indian real estate, COVID-19: How to sanitise vegetables, milk packets, deliveries and more. DISCLAIMER :Information owned, maintained and updated by : Dept. The fee that a registered valuer can charge, is already prescribed under the laws. Likewise, if the price stated in the agreement is lower than the stamp duty valuation of the property, the stamp duty valuation of the property, which is a proxy for the fair market value, is taken as the sale consideration, instead of the value stated in the agreement. Earlier this month, the state government increased the ready reckoner rates (RRR) by an average of 1.74 per cent across the state. Home / Cities / Plot for Thane Metro casting yard to be given to MMRDA at ready reckoner rate The Kolshet plot was given to the Metro4 (in pic) contractor by the TMC temporarily free of cost. 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. What is Ready Reckoner Rate in Maharashtra? The ready reckoner rates serve as the biggest revenue source to the state governments. However, it is not as easy to find out the fair market value of a property as it seems, because the real estate market is a very heterogeneous market, where the rates of properties can vary very much, even within the same area. Hence, it is important to ascertain the fair market value, before executing the agreement, to avoid the payment on such difference. Housing.com does not offer any such advice. Thane 2020-21 RELEASED Price Rs.600 . 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