Shanti Nagar is in the Thane district of Maharashtra. Located in Thane west, Shanti Nagar is close to Naupada. Let us know more about the ready reckoner rate in this area.
See also: What is the ready reckoner rate in MG Road, Thane?
What is ready reckoner rate?
The lowest rate at which the value of an immovable property is decided is known as ready reckoner rate. It is also known as circle rate or guideline value in other states of India.
Where can you find details related to ready reckoner rate for Shanti Nagar, Thane?
The annual statement of record present on the IGR Maharashtra portal helps you find the ready reckoner rate in Shanti Nagar located in Thane. Based on this ready reckoner rate, the stamp duty and registration charges have to be paid while buying a property in Shanti Nagar.
Factors determining ready reckoner rate
- Location
- Infrastruture
- Connectivity
- Market demand
- Property configuration
- Property type — residential, commercial, industrial
- Amenities
How to check the ready reckoner rate in Shanti Nagar, 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 below the stamps section on the homepage. Click on the e-ASR 1.9 version and you will reach here:
- On the Maharashtra map, select Thane. Next, select village as Thane and you will see the required annual statement of rates.
Shanti Nagar, Thane ready reckoner rates 2024 per sqm
| Locality | Residential | Office | Shops | Industrial | Open land |
| Naupada | Rs 1,26,500 | Rs 1,45,700 | Rs 1,58,400 | Rs 1,45,700 | Rs 50,100 |
Similarly, you can check the ready reckoner rate for other places in Naupada.
Property investment in Shanti Nagar, Thane: Benefits
- Shanti Nagar in Thane enjoys good connectivity with major business districts and residential areas in and around Thane and the Mumbai Metropolitan Region (MMR).
- Thane is a thriving property destination, witnessing presence of reputed developers with luxurious residential projects. Also, the commercial real estate market here has seen a spike in recent times owing to the infrastructural development plans.
Why invest in residential properties in Shanti Nagar, Thane?
Residential prices in Thane
According to Housing.com, the average price for buying an apartment in Thane (W) is Rs 13,559 per sq ft with price range between Rs 1,333 per sq ft and Rs 37,500 per sq ft. If you are looking at renting a property here, the average rent is Rs 33,135, with the price range for rent between Rs 10,000 and Rs 1 Lakh.
According to data provided by Housing.com, the average price for buying an apartment in Naupada is Rs 17,346 per sq ft. The price range for buying an apartment in Naupada ranges between Rs 4,722 per sq ft and Rs 30,434 per sq ft. Alternatively, if you are looking at renting an apartment here, the average rent is Rs 22,051, with the price range for rent between Rs 6,000 and Rs 35,000.
FAQs
What is ready reckoner rate?
The minimum property value fixed by any state governments is known as ready reckoner rate.
How would you find the ready reckoner rate for Shanti Nagar, Thane?
IGR Maharashtra portal helps you find the ready reckoner rate for Shanti Nagar, 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 is 6% for men and 5% for women.
Who fixes ready reckoner rates in Maharashtra?
The ready reckoner rate in Maharashtra is fixed by the state government.
Can the ready reckoner rate of a property be lower than the market rate?
Yes. A property can have lower ready reckoner rate as compared to the market rate.
| 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 [email protected] |
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: [email protected]
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