Ashok Nagar is a bustling neighbourhood in Thane, Maharashtra, with a well-developed social infrastructure. The locality attracts many homebuyers looking to purchase residential properties. There are also many commercial properties in the region, which capture the attention of investors. If one is looking to invest in a property here, knowing the ready reckoner rates is important, as it helps a buyer plan his property purchase.
Check Ready reckoner rates in Ghodbunder Road, Thane West
What are ready reckoner rates?
Ready reckoner rates refer to the minimum property values the local government determines for a specific locality, below which a property cannot be registered in government records.
What are ready reckoner rates in Ashok Nagar, Thane?
Ready reckoner rates in Ashok Nagar, Thane, are determined by the Maharashtra government and are periodically revised based on market trends. The rates are an indicator of the property prices in a locality. A property buyer is required to pay the stamp duty and registration charges based on the actual transaction value or the ready reckoner rates in the area, whichever is higher.
Factors impacting ready reckoner rates in Ashok Nagar, Thane
The ready reckoner rates in Ashok Nagar, Thane, are calculated by the state government based on several factors, as discussed below.
- Location: The location is a major factor influencing ready reckoner rates in different localities within a city. Ashok Nagar, Thane, has a strategic location with good connectivity via highways and is in proximity to commercial hubs.
- Infrastructure: The presence of proper physical and social infrastructure significantly impacts the property values in a locality. Initiatives by local authorities, such as the development of new roads and other facilities, can result in an increase in the ready reckoner rates.
- Type of properties: Typically, ready reckoner rates are likely to be lower for residential properties compared to commercial properties. Moreover, the rates may differ based on the age of the property.
- Demand and supply: Ready reckoner rates are likely to increase in an area if the demand for properties is high and the supply is limited. Moreover, the availability of land for development and new projects plays a role in the demand-supply dynamics.
- Market trends: Factors such as economic conditions, interest rates and government policies can impact property prices.
Residential ready reckoner rate in Ashok Nagar, Thane
| Subdivisions | Open land (in Rs per square metre) | Residential (in Rs per sqm) |
| 9/35/A-2A-1) Adjacent Survey No. Sheet No. 2 on both sides of Thane Bhiwandi Road | 34,400 | 87,100 |
| 9/35/B- 2A-1) Adjacent Survey No. Sheet No. 1 on both sides of Thane Bhiwandi Road | 29,600 | 29,600 |
| 9/36-3A-1) Adjacent Survey No. on both sides of Thane Bhiwandi Road | 30,300 | 1,16,700 |
Source: Department of Registration and Stamps, Government of Maharashtra
According to the Department of Registration and Stamps in Maharashtra, there are three divisions of ready reckoner rate near Thane-Bhiwandi Road. One should know the survey number for his plot to find the ready reckoner rate in an area.
Commercial ready reckoner rate in Ashok Nagar, Thane
| Subdivisions | Office (in Rs per square metre) | Shops (in Rs per square metre) | Industrial (in Rs per square metre) |
| 9/35/A-2A-1) Adjacent Survey No. Sheet No. 2 on both sides of Thane Bhiwandi Road | 99,800 | 1,09,000 | 99,800 |
| 9/35/B- 2A-1) Adjacent Survey No. Sheet No. 1 on both sides of Thane Bhiwandi Road | 98,500 | 1,06,900 | 98,500 |
| 9/36-3A-1) Adjacent Survey No. on both sides of Thane Bhiwandi Road | 1,34,700 | 1,46,300 | 1,34,700 |
Source: Department of Registration and Stamps, Government of Maharashtra
How to check the ready reckoner rate in Ashok Nagar, Thane?
- Visit the IGRS Maharashtra website of the Department of Registration and Stamps Maharashtra at https://igrmaharashtra.gov.in/Home.
- Click on ‘e-ASR’, under ‘Online Services’.
- The map of Maharashtra will be displayed. Click on Thane district.
- Select the taluk and village from the drop-down menu.
- One can search by survey number or location to view details. Choose Balkum from the drop-down menu in ‘Select Village’ section to know the ready reckoner rates.
Reasons to invest in Ashok Nagar, Thane
- Ashok Nagar is a sub-locality of Balkum in Thane West.
- The locality enjoys proximity to the Thane-Bhiwandi Road, which provides excellent connectivity to different parts of Thane and neighbouring areas.
- Moreover, the upcoming Mumbai Metro Orange Line will have a station at Balkum Naka, less than a kilometre from the area. This will significantly boost the real estate developments in the region and ease connectivity for residents.
- Ashok Nagar has several social infrastructural facilities providing a convenient lifestyle for the residents.
- Proximity to commercial hubs and upcoming infrastructure projects are some factors that drive real estate growth in the area.
Property rates in Ashok Nagar, Thane
| Locality | Average property rate | Price range |
| Ashok Nagar, Thane | Rs 4,965 per square foot | Rs 37 Lakh to Rs 40 Lakh |
Source: Housing.com
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These ready reckoner rates are subject to revision based on the state government’s decision. The rates are revised considering the market conditions. Thus, prospective homebuyers must be aware of the current ready reckoner rates in the locality where they are looking to invest in a property. The IGR Maharashtra’s official website simplifies the process of finding the ready reckoner rates. It also has a stamp duty calculator tool to help one estimate his property purchase costs. One can consult a real estate expert for assistance.
FAQs
What is the ready reckoner rate in Ashok Nagar Thane?
The ready reckoner rate in Ashok Nagar Thane is the minimum property rate below which properties cannot be registered in the government records.
How to find ready reckoner rates in Thane?
One can visit the official website of the IGR to know the latest ready reckoner rates in Thane.
Can a property be sold below the ready reckoner rate?
A property can be sold at any price between the ready reckoner rate and the market value. The property buyer must pay the stamp duty and registration charges based on the higher value.
Which factors impact the ready reckoner rates in Thane?
Ready reckoner rates in Thane are determined based on factors, such as the location of the property, its usage, infrastructure facilities and market trends.
What is the difference between market value and ready reckoner rate?
The market rate of a property is typically determined by the seller, while ready reckoner rates are determined by the state government as the minimum value for a property. Ready reckoner rates are usually lower than market rates.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |