Located in southern Pune, Katraj is a suburban area under the jurisdiction of the Pune Municipal Corporation (PMC). Praised for its serene and charming surroundings, picturesque landmarks, lush greenery and hilly landscapes, Katraj is a desirable residential locality. In recent times, Katraj’s real estate market has experienced significant growth. With essential amenities, well-established infrastructure and convenient connectivity, Katraj attracts property investors and home seekers. This article delves into the ready reckoner rates in Katraj, Pune.
What are ready reckoner rates?
In Maharashtra, these rates are known as ready-reckoner rates. ready reckoner rates play a vital role, serving as a fundamental tool for evaluating property value, including property registration, stamp duty calculation and taxation. They signify the minimum value at which a property can be formally registered in a specific area. It is set by the revenue department of each state government and acts as a benchmark for determining the market value of a property, accounting for size, location, age and amenities.
Ready reckoner rates in Katraj, Pune
In Pune, ready reckoner rates fall under the jurisdiction of the state government’s Stamps and Registration Department. The ready reckoner rate varies across different regions in Pune, depending on the overall market value of an area and the available amenities. The Pune administration has organised properties and suburbs into 19 zones or divisions, further sub-categorized into 221 sub-zones, based on primary arterial roads and railway lines (from west to east). The state government typically assigns higher ready reckoner rates to commercial properties and lower rates to residential properties. It is influenced by the property type. The registrar value of apartments and flats differs significantly from independent houses and plots, even in the same locality.
In Katraj, Pune, the latest ready reckoner rates are:
| Flats/apartments (Rs per square metre) | Residential land (Rs per square metre) | Office space (Rs per square metre) | Shop (Rs per square metre) |
| 34,220 – 66,980 | 9,500 – 26,180 | 53,410 – 68,340 | 64,110- 100,340 |
See also: Everything about ready reckoner rate in Pune
How to check ready reckoner rates in Pune?
Online
To check ready reckoner rates online on IGR Maharashtra, follow these steps:
- Visit the official IGR Maharashtra portal.
- Navigate to Online Services and select e-ASR.
- Choose the region of interest on the map.
- Specify district and village details for the desired rates.
Offline
For offline verification of ready reckoner rates:
- Visit the local sub-registrar’s office.
- Request a copy of the Annual Statement of Rates (ASR).
- Provide property details for obtaining the ready-reckoner rates.
- Calculate the property rate using the per sq. ft. cost and total area.
Real estate trends in Katraj, Pune
Katraj, Pune: Connectivity
Situated in southern Pune, Katraj shares its borders with Kondhwa and Ambegaon to the south, Bibvewadi and Dhankawadi to the north, Narhe and Ambegaon Budruk to the west and Pisoli and Undri to the east. The intersection of Katraj-Kondhwa Road and Pune-Satara Road is known as Katraj Chowk. Katraj is divided into the New Tunnel and the Old Tunnel, with the New Tunnel situated on NH4 and the Old Tunnel located on Katraj Ghat.
Katraj enjoys proximity to well-developed areas, such as Ambegaon Budruk, Dhankawadi, Bibvewadi, Pisoli, Narhe, Dhayari, Handewadi, Undri, Kondhwa, Yewale Wadi and Wanowrie. The locality is well-connected to other parts of Pune through Katraj-Kondhwa Road and Pune-Satara Road. The Maharashtra State Road Transport Corporation (MSRTC) operates several buses, providing extensive connectivity to different parts of the city. The Katraj bus stop serves as a major transportation hub. Auto-rickshaws and cabs are readily available for public transport. Katraj is approximately 9 km from the city centre, with a travel time of about 30-40 minutes. Both Pune Junction railway station (11 km) and Pune International Airport (18 km) are easily accessible from Katraj.
Katraj, Pune: Infrastructure
Katraj offers its residents a comprehensive range of social amenities, including prominent educational institutions and healthcare facilities. The locality has well-known schools and colleges, such as Utkarsh English Medium School, Goodwill English Medium School and Junior College, Huzurpaga School, Shivaji Secondary School, Ram Rajya Madhyamik School, Vishwakarma College of Arts, Commerce and Science, Pushpa Devi Dugad Jr. College, SVEP College of Technical and Management and Bharti Vidyapeeth Homoeopathic College.
The locality is served by major medical institutions, such as Bharati Hospital, Aayur Clinic, Dr. Kabiya Clinic, Sahyadri Hospital Bibwewadi, Satyanand Hospital, Pawar Hospital and Deenanath Mangeshkar Hospital and Research Centre. For residents’ daily needs, Katraj boasts shopping destinations like Dorabjee’s Mall, Abhiruchi Mall and Multiplex and Sixth Sense Shopping Centre. The locality hosts retail outlets of national and international brands, including Balaji Retail Outlet, Bata, Sai Retail Outlet, India Retail Outlet, Arvind Lifestyle, My Jio Store and Reliance Fresh.
Katraj, Pune: Residential properties
Katraj offers a variety of residential properties, including builder floors, apartments, villas and land parcels in different configurations and sizes. The locality features several residential apartment complexes, both under construction and completed. Notable residential projects in Katraj include Ceratec Greens, MSR Olive, Casa 18, Arun Anika Mangalam, ACME Landmark Azalea, Barsana Dham, Goel Ganga Osian Park, Wonder City, Wonder Bharati Vihar, Sawant Vihar and Nancy Lake Homes.
Katraj, Pune: Commercial properties
While primarily recognized as a residential neighbourhood, Katraj enjoys strategic connectivity to key industrial areas and IT parks located in Mundhwa, Kharadi, Hadapsar and Kondhwa. Notable industrial centres include Tyni Audyogik Wasahat (4 km), Hadapsar Industrial Estate (11 km) and Mundhwa Industrial Area (13 km). Katraj provides convenient access to significant Special Economic Zones (SEZs) and IT parks, such as Cybercity Magarpatta (14 km), SP Infocity (14 km) and Cerebrum IT Park (15 km).
Katraj, Pune: Price trends
There are several residential properties in Katraj for buying and renting. The average price of houses in the locality is Rs 6,559 per sq. ft., while the average rent is Rs 16,067 per month.
Why invest in Katraj, Pune?
Katraj is an excellent residential locality, offering a combination of city convenience and natural tranquillity. Embraced by nature, this neighbourhood provides a peaceful living environment away from the urban chaos. Katraj maintains connectivity with a metropolitan lifestyle and modern amenities. Its affordability adds to its appeal, contributing to the rising demand for residential properties.
Boasting breathtaking views of the Sahyadri Hills, Katraj provides a balance between a serene environment and the city’s dynamic pace. Equipped with contemporary amenities, such as reputable schools and universities, efficient healthcare facilities and modern markets, Katraj is a desirable neighbourhood for a complete living experience.
FAQs
Is Katraj an affordable neighbourhood?
Katraj is recognized for its affordability. While it is not the most affluent district, it stands out for good-quality, budget-friendly housing options.
What is Katraj famous for?
Katraj is known for two prominent attractions – Rajiv Gandhi Zoological Park, a popular destination known for its diverse collection of wildlife, and Katraj Lake, which was constructed during the Peshwa Eraand adds to the charm of the locality.
How is property value determined based on the ready reckoner rate?
Property value is calculated as follows: area’s ready reckoner rate X property’s built-up area (sq. m.).
What happens if the market value is lower than the ready reckoner rate?
If the market value is lower than the ready reckoner rate, the property must be registered based on the higher value.
What is the stamp duty value?
Stamp duty is calculated by taking into account various factors, including market value, transaction value and ready reckoner rates set by the local government.
What factors influence the ready reckoner rate of an area?
Ready reckoner rates depend on various factors, including location, infrastructure, amenities and economic factors.
Is it mandatory to pay house tax in Pune?
Yes, property tax payment is compulsory for all Pune property owners.
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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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