The Mahatma Gandhi Road, commonly known as the MG Road, in Thane, provides great options for residential and commercial real estate. Located to the east of the Mumbai-Agra National Highway, it is a sought-after residential area. Passing through Naupada, with proximity to Gokhale Road, MG Road is easy to access from across Thane and the MMR. The infrastructure makes it a very sought-after option in real estate scouting.
What is the ready reckoner rate?
It is the lowest rate at which the value of an immovable property is decided. Known as the ready reckoner rate in Maharashtra, the other terms for this are circle rate or guideline value.
Where can you find the ready reckoner rate for MG Road, Thane?
The annual statement record on the IGR Maharashtra portal provides the ready reckoner rate in MG Road, Thane. Based on this ready reckoner rate, the stamp duty and registration charges have to be paid for properties at MG Road, Thane.
Factor on which the ready reckoner rate depends:
- Location
- Infrastructure
- Connectivity
- Market demand
- Property configuration
- Property usage- residential, commercial, industrial
- Amenities
See also: Ready reckoner rate in Navi Mumbai’s Airoli
How can you check the ready reckoner rate in MG Road, Thane?
You can check the ready reckoner rate in Thane by logging onto the IGR Maharashtra website at https://igrmaharashtra.gov.in/Home
- Click on e-ASR in the ‘Stamps’ section on the homepage. Click on the e-ASR 1.9 version.
- On the Maharashtra map, select Thane. Select village as Thane to see the required annual statement of rates.
MG Road, Thane, ready reckoner rates per sqm for 2024
| Locality | Residential | Office | Shops | Industrial | Open land |
| MG Road, Thane – East side of Mumbai-Agra Expressway | Rs 1,16,200 | Rs 1,44,500 | Rs 2,05,600 | Rs 1,44,500 | Rs 54,600 |
| MG Road, Thane – Mumbai-Agra Expressway (Gokhale Road) | Rs 1,56,600 | Rs 1,81,300 | Rs 2,61,600 | Rs 1,81,300 | Rs 54,900 |
Property investment in MG Road, Thane: Benefits
- MG Road, Thane, shares excellent connectivity with major business districts and residential areas in and around Thane and the
- Both the residential and commercial real estate market are witnessing a surge owing to infrastructural development. While road and railways are strong connectivity options, Thane will soon have metro connectivity that will enhance its connectivity to other parts of the city.
Why should you invest in residential properties at MG Road, Thane?
Residential prices in Thane
According to Housing.com, the average price for buying an apartment in Thane(W) is Rs 13,559 per sqft, ranging between Rs 1,333 – Rs 37,500 per sqft. The average rent here is Rs 33,135, ranging between Rs 10,000 – Rs 1 lakh.
The average price of buying an apartment in Naupada is Rs 17,346 per sqft, ranging between Rs 4,722 – Rs 30,434 per sqft. The average rent here is Rs 22,051, ranging between Rs 6,000 – Rs 35,000.
FAQs
What are ready reckoner rates?
These are the minimum property prices fixed by the Maharashtra state government.
How do you find a ready reckoner rate in MG Road, Thane?
IGR Maharashtra helps you find the ready reckoner rate in MG Road, Thane.
What are the stamp duty and registration charges in Maharashtra?
While the registration fee in Maharashtra is 1% of the transaction value, the stamp duty in Maharashtra is 6% for men and 5% for women.
Who fixes ready reckoner rates in Maharashtra?
The Maharashtra state government fixes the ready reckoner rates.
Can the ready reckoner rate be lower than the market rate?
Yes, the ready reckoner rate can be lower than the market rate of a property.
| 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 |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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