Thane, situated in Mumbai, is densely populated and features various townships and localities, with properties ranging from mid-budget to premium. Hiranandani Meadows, situated in Thane West’s Manpada area, is one such highly sought-after township. If you are considering purchasing a residential or commercial property in this planned township, it is essential to be aware of the ready reckoner rate in advance.
What is the ready reckoner rate?
The ready reckoner rate, also known as the jantri rate or circle rate, impacts property prices in a locality. It represents the government’s assessment of the minimum rate at which a property should be registered. This evaluation takes into account factors like infrastructure, location, amenities and demand in the area.
Ready reckoner rate in Hiranandani Meadows, Thane
Here are the ready reckoner rates for the land, residential properties, offices, shops and industrial spaces in Hiranandani Meadows, Thane.
| Open land | Residential apartments | Offices | Shops | Industrial spaces |
| Rs 63,400 per square metre | Rs 1,53,200 per square metre | Rs 1,76,600 per square metre | Rs 2,23,400 per square metre | Rs 1,76,600 per square metre |
Impact of ready reckoner rate in Hiranandani Meadows, Thane
The ready reckoner rate directly affects the total cost of property transactions. These rates determine registration and stamp duty charges. They are adjusted annually to reflect market conditions and may vary based on factors, such as property type, location and amenities.
Impact on property prices
In Hiranandani Meadows, Thane, the ready reckoner rate influences property prices. Higher rates can inflate property prices, posing challenges for buyers. Conversely, lower rates can attract buyers, driving up property prices in the long term due to increased demand.
Impact on property taxes
The ready reckoner rate determines property taxes, with higher rates resulting in higher tax liabilities. Understanding this impact is crucial for property owners to plan their finances.
How to check the ready reckoner rate in Thane?
- Log onto the IGR Maharashtra website at https://igrmaharashtra.gov.in/Home.
- Click on ‘e-ASR’
- and on ‘e-ASR 2.0’.
- On the map of Maharashtra, select Thane as the district and taluka. Choose the village for which you want the ready reckoner rates.
- You will see the detailed list of ready reckoner rates in the chosen village.
Real estate trends in Hiranandani Meadows, Thane
Developed by Hiranandani Group, Hiranandani Meadows is a meticulously planned 40-acre township. Here are the key locality trends for Thane’s Hiranandani Meadows:
Hiranandani Meadows, Thane: Location
Strategically positioned in the heart of Thane, Hiranandani Meadows enjoys easy accessibility to major entertainment centres and business hubs. With excellent connectivity to Thane railway station and the Eastern Express Highway, residents benefit from seamless travel to Mumbai and other parts of Maharashtra.
Hiranandani Meadows, Thane: Amenities
The residential complex boasts a wide array of amenities to meet residents’ needs. Landscaped gardens and jogging tracks provide a refreshing retreat from urban life, while nearby attractions, like Tikuji-ni-wadi, Upvan Lake and Suraj Water Park, offer abundant options for weekend excursions.
Hiranandani Meadows, Thane: Residential properties
Hiranandani Meadows in Thane offers diverse residential options to accommodate various preferences and budgets. From spacious apartments to luxurious villas, there is something for everyone. Each home is meticulously designed for comfort and style.
Hiranandani Meadows, Thane: Commercial properties
Situated near renowned business parks, like Orion Business Park, Omega Business Park and Thane One, Hiranandani Meadows provides proximity to major industrial belts, such as Wagle and Kolshet. This offers residents access to ample employment opportunities within a 6-km radius.
Hiranandani Meadows, Thane: Property prices
According to Housing.com, the average property price in Hiranandani Meadows is Rs 24,800 per square foot. The properties in this township cost in the range of Rs 2.48 crore-11.52 crore.
Why invest in Hiranandani Meadows, Thane?
Hiranandani Meadows stands out as a premium township in Thane, renowned for its planned social infrastructure and contemporary amenities. It offers premium residential apartments, ranging from 1-4 BHK, catering to diverse needs and budgets. Its strategic location along Ghodbunder Road ensures seamless access to NH-848 and Eastern Express Highway. Thane Railway Station, situated on the Central and Trans-Harbour lines, is just 5 km away from this township. The industrial belts of Wagle and Kolshet are reachable within a 6-km radius of Hiranandani Meadows, leading to increased property prices.
Equipped with comprehensive social infrastructure and amenities, Hiranandani Meadows features in-house shopping hubs, with Viviana Mall, Korum Mall and R Mall, within a 5-km radius. The township is in proximity to esteemed educational institutions, such as D.A.V. Public School, Lok Puram Public School, Carmel High School and St. Lawrence High School. Healthcare centres, such as Titan Hospital, Swayam Hospital, Oscar Hospital and Highland Hospital, are conveniently located within a 3-km radius.
In addition to residential properties, investing in commercial properties in Hiranandani Meadows, Thane offers numerous advantages. The area witnesses high footfall owing to its proximity to educational institutions, residential complexes and recreational facilities. Excellent connectivity and well-planned infrastructure make it an ideal location for businesses.
In a nutshell
With its strategic location, modern amenities and diverse residential and commercial options, Hiranandani Meadows emerges as a premium township in Thane, offering both investors and residents an attractive opportunity. Hiranandani Meadows presents a compelling proposition with its well-planned infrastructure and promising real estate trends. Understanding the ready reckoner rate is crucial for anyone considering property transactions in Hiranandani Meadows, Thane. This government assessment impacts property prices, transaction costs and property taxes.
FAQs
What is the ready reckoner rate and why is it important?
The ready reckoner rate, also known as the jantri rate or circle rate, is the minimum rate at which a property should be registered, as assessed by the state government. It influences property prices in a locality and is crucial for both buyers and sellers to ensure fair transactions.
How does the ready reckoner rate affect property prices in Hiranandani Meadows, Thane?
The ready reckoner rate directly impacts property prices in Hiranandani Meadows, Thane. Higher rates can inflate property prices, posing challenges for buyers, while lower rates can attract buyers and drive up prices in the long term due to increased demand.
How can I check the ready reckoner rate for a property in Thane?
You can check the ready reckoner rates for properties in Thane online by visiting the IGR Maharashtra website, selecting the e-ASR option, choosing Thane as the district and the taluka and selecting the village for which you want the rates.
What is the impact of the ready reckoner rate on property taxes in Hiranandani Meadows, Thane?
The ready reckoner rate determines property taxes, with higher rates resulting in higher tax liabilities. Property owners need to plan their finances accordingly.
Why should I consider investing in Hiranandani Meadows, Thane?
Hiranandani Meadows offers a premium township with modern amenities and diverse residential and commercial options. Its strategic location, superior connectivity and well-planned infrastructure make it an attractive opportunity for both investors and residents.
(Featured imaged sourced from: hiranandani.com)
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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