Stamp Duty & Property Registration Charges in Pune
Stamp Duty is the tax levied by the government of each state on all the authorized property transactions. A stamp paper that has to be bought either in the seller’s name or the buyer’s name is valid for six months, given that the stamp duty is paid on time. In simple terms, any type of property document is only legal when the stamp duty is paid.
The stamp duty and registration charges in Pune not only keep varying but also serve as one of the biggest revenue sources for the state government of Maharashtra. The whole concept of Stamp Duty and Property Registration is to prevent complications in the process. Both the rates are based on any one of the two key elements that are higher:
- The registered price of the property
- The ready reckoner rate (this is the rate based on which the stamp duty is actually collected from the property purchasers by the Department of Stamps & Registration).
The ready reckoner rate refers to the minimum rate, which the government notifies via a registrar/sub-registrar office of Pune for registering the property transactions.
The registration charge is an extra tax on the stamp duty. It is usually levied so that the cost to run the registration offices can be covered by the state government.
How Are Stamp Duty Charges Calculated?
The calculation of stamp duty is not the same for all places in India. It differs from one state to the other. The central government of India fixes the registration and stamp duty charges. Any delayed payments will have 2% as a penalty every month. Besides this, the stamp duty charge also depends if a property is old or new.
Here is an example that will illustrate the calculation of stamp duty and registration charges in Pune:
Antara buys a home with a carpet area of 500 square metres. The property has a circle rate of Rs.42,760 per metre in the area that it is located in. Calculation of the overall value of the property would be:
Property value = Carpet area x rate per square metre
Ie., 500 x 42,760 = Rs 2,13,80,000
Since the stamp duty in Pune is 5% of the property value, Antara will be paying Rs.10,69,000 as stamp duty. The registration charges for properties above Rs.30 lakh is Rs.30,000, so Antara will be paying that too.
Current Stamp Duty And Registration Charges in Pune
As mentioned above, the stamp duty and registration charges in Pune or in any place depend on the ready reckoner rate and the actual price of the registered property. As per the latest updates stated by the Government of Maharashtra, the ready reckoner rate of Pune is as follows:
As per the latest updates stated by the Maharashtra Government in 2018, the stamp rates in Pune are:
Gender | Stamp Duty Rate |
Female | 6% |
Male | 6% |
Male & Female As Joint Owners | 6% |
Stamp duty for property registration for women homebuyers
The Maharashtra state government has announced a concession on stamp duty for property registration for women homebuyers.The rebate in stamp duty will be 1% if the registration of the sale deed or transfer of house property is done in the name of a woman.It aims at boosting real estate sales and improving the economic status of women by empowering them through home ownership.
Current Ready Reckoner Rate in Pune
Here is a table that gives a better outline of the prices:
Type Of Property | Current Ready Reckoner Rate |
Apartments and Flats | Rs.8,010 – Rs.1,47,730 per sq.mt. |
Residential land | Rs.1,330 – Rs.91,960 per sq.mt. |
Office space | Rs.36,980 – Rs.1,98,350 per sq.mt. |
Shops | Rs.41,530 – Rs.1,111,600 per sq.mt. |
Current Ready Reckoner Rate For Flats/Apartments & Residential Lands in Pune
Place in Pune | Flats/Apartments | Residential Lands |
Ambegaon Khurd | Rs.47,720 - Rs.49,890 | Rs.19,540 - Rs.19,540 |
Ambegaon Budruk | Rs.53,000 - Rs.62,540 | Rs.16,120 - Rs.23,630 |
Anudh | Rs.54,450 - Rs.103,740 | Rs.15,980 - Rs.91,960 |
Akrudi | Rs.42,230 - Rs.57,480 | Rs.6,280 - Rs.32,000 |
Balewadi | Rs.47,100 - Rs.73,010 | Rs.17,830 - Rs.29,480 |
Baner | Rs.42,760 - Rs.83,830 | Rs.19,690 - Rs.31,800 |
Bhavani Peth | Rs.45,550 - Rs.81,150 | Rs.14,480 - Rs.59,210 |
Bhosari Vibhag | Rs.40,770 - Rs.52,090 | Rs.10,080 - Rs.20,970 |
Bibvewadi | Rs.45,290 - Rs.95,160 | Rs.8,340 - Rs.35,300 |
Bopkhel | Rs.36,300 - Rs.38,470 | Rs.2,640 - Rs.4,300 |
Bopodi | Rs.47,420 - Rs 75,820 | Rs.9,000 - Rs.28,420 |
Budhwar Peth | Rs.53,350 - Rs.69,110 | Rs.31,820 - Rs.57,800 |
Borhadewadi | Rs.44,270 - Rs.47,650 | Rs.3,940 - Rs.8,450 |
Charoli Budruk | Rs.40,840 - Rs.46,070 | Rs.3,150 - Rs.6,780 |
Chinchwad | Rs.44,070 - Rs.60,320 | Rs.11,640 - Rs.38,380 |
Chovisawadi | Rs.39,100 - Rs.40,430 | Rs.3,140 - Rs.3,910 |
Dapodi | Rs.47,400 - Rs.53,450 | Rs.8,800 - Rs.20,390 |
Dhankawadi | Rs.38,240 - Rs.78,440 | Rs.11,370 - Rs.26,220 |
Dhanori | Rs.26,890 - Rs.59,080 | Rs.8,720 - Rs.20,790 |
Dhayari | Rs.50,360 - Rs.52,390 | Rs.18,280 - Rs.22,200 |
Dighi | Rs.42,150 - Rs.43,690 | Rs.2,830 - Rs.6,790 |
Dudulgaon | Rs.40,920 - Rs.44,760 | Rs.1,330 - Rs.4,080 |
Erandwane | Rs.73,170 - Rs.1,39,860 | Rs.31,790 - Rs.68,770 |
Ganj Peth | Rs.45,210 – Rs.50,860 | Rs.29,640 - Rs.39,320 |
Ganesh Peth | Rs.53,910 - Rs.67,650 | Rs.33,590 - Rs.59,930 |
Ghorpadi | Rs.53,150 - Rs.1,47,730 | Rs.3,360 - Rs.57,220 |
Guruwar Peth | Rs.51,960 - Rs.54,640 | Rs.33,290 - Rs.44,240 |
Gultekedi | Rs.79,630 - Rs.91,980 | Rs.26,570 - Rs.36,940 |
Hingne Budruk Kanvernagar | Rs.77,500 - Rs.91,500 | Rs.34,500 - Rs.44,030 |
Hadpsar | Rs.38,180 - Rs.80,930 | Rs.16,700 - Rs.29,700 |
Kalas | Rs.38,400 - Rs.52,290 | Rs.7,840 - Rs.17,370 |
Kasba Peth | Rs.50,430 - Rs.67,370 | Rs.27,510 - Rs.55,880 |
Khadaki Cantonment | Rs.37,120 - Rs.44,870 | Rs.9,750 - Rs.17,350 |
Katraj | Rs.34,220 - Rs.66,980 | Rs.9,500 - Rs.26,180 |
Kiwale | Rs.34,500 - Rs.48,180 | Rs.2,900 - Rs.8,640 |
Kharadi | Rs. 41,240 - Rs.71,880 | Rs.8,040 - Rs.29,960 |
Kondhwa Khurd | Rs.35,200 - Rs.62,950 | Rs.14,000 - Rs.21,040 |
Kondhwa Budruk | Rs.40,360 - Rs.56,250 | Rs.15,860 - Rs.17,520 |
Kothrud | Rs.68,320 - Rs.1,14,570 | Rs.20,530 - Rs.44,730 |
Lohegaon | Rs.36,040 - Rs.75,420 | Rs.8,180 - Rs.28,750 |
Mangalwar Peth | Rs.44,730 - Rs.71,840 | Rs.17,840 - Rs.37,690 |
Mohammadwadi | Rs.34,050 - Rs.61,540 | Rs.15,410 - Rs.22,000 |
Mamurdhi | Rs.36,400 - Rs.42,300 | Rs.2,570 - Rs.3,940 |
Moshi | Rs.40,440 - Rs.49,710 | Rs.4,320 - Rs.15,180 |
Mundhwa | Rs.36,400 - Rs.42,300 | Rs.21,910 - Rs.33,110 |
Nigdi | Rs.42,180 - Rs.50,620 | Rs.10,360 - Rs.18,780 |
Nana Peth | Rs.43,800 - Rs.68,040 | Rs.16,390 - Rs.50,450 |
Parvati | Rs.71,900 - Rs.1,12,520 | Rs.5,200 - Rs.38,880 |
Pashan | Rs.50,870 - Rs.88,170 | Rs.4,810 - Rs.31,170 |
Pimple Gurav | Rs.40,960 - Rs.73,290 | Rs.5,590 - Rs.19,830 |
Pimple Nilakh | Rs.44,680 - Rs.74,110 | Rs.7,740 - Rs.25,130 |
Pimple Saudagar | Rs.44,760 - Rs.86,420 | Rs.8,100 - Rs.28,720 |
Pimpri Waghire | Rs.41,260 - Rs.67,460 | Rs.8,230 - Rs.37,460 |
Rahatni Kale Wadi Vibhag | Rs.39,700 - Rs.67,430 | Rs.6,330 - Rs.19,360 |
Rasta Peth | Rs.53,100 - Rs.66,620 | Rs.15,550 - Rs.35,540 |
Ravet | Rs.46,630 - Rs.57,060 | Rs.4,120 - Rs.16,680 |
Raviwar Peth | Rs.49,300 - Rs.74,800 | Rs.32,360 - Rs.66,570 |
Sadashiv Peth Navi Peth Dattawadi | Rs.64,960 - Rs.99,980 | Rs.23,490 - Rs.80,770 |
Sangvi | Rs.41,530 - Rs.57,190 | Rs.9,010 - Rs.18,910 |
Shaniwar Peth | Rs.72,990 - Rs.82,830 | Rs.29,630 - Rs.62,930 |
Somwar Peth | Rs.51,870 - Rs.75,140 | Rs.18,970 - Rs.46,180 |
Shukrawar Peth | Rs.58,420 - Rs.80,950 | Rs.15,150 - Rs.58,240 |
Talwade | Rs.38,890 - Rs.41,270 | Rs.2,390 – Rs.5,610 |
Undri | Rs.49,330 - Rs.60,450 | Rs.19,910 – Rs.20,430 |
Wadgaon Budruk | Rs.34,900 - Rs.72,490 | Rs. 7,080 - Rs.26,310 |
Wadgaon Khurd | Rs.40,610 - Rs.71,760 | Rs.9,190 - Rs.26,280 |
Wadgaon Sheri (Ram Wadi) | Rs.33,670 - Rs.81,310 | Rs.7,780 - Rs.2,420 |
Wanwadi | Rs.54,310 - Rs.75,930 | Rs.10,000 - Rs.72,980 |
Warje | Rs.36,090 - Rs.68,830 | Rs.2,130 - Rs.24,410 |
Yerwada | Rs.42,380 - Rs.97,350 | Rs.13,330 - Rs.46,370 |
Current Ready Reckoner Rate For Office & Shops in Pune
Place in Pune | Office Space | Shops |
Ambegaon Khurd | Rs.47,250 - Rs.51,080 | Rs. 49,910 - Rs. 55,720 |
Ambegaon Budruk | Rs.59,140 - Rs.63,500 | Rs. 71,610 - Rs. 80,000 |
Anudh | Rs.87,100 - Rs. 125,850 | Rs. 156,210 - Rs. 1,111,600 |
Akrudi | Rs.45,470 - Rs. 72,890 | Rs. 50,000 - Rs. 132,090 |
Balewadi | Rs.58,820 - Rs. 85,090 | Rs. 75,000 - Rs. 121,340 |
Baner | Rs.62,080 - Rs. 101,480 | Rs. 81,130 - Rs. 144,770 |
Bhavani Peth | Rs.55,030 - Rs. 103,320 | Rs. 74,370 - Rs. 180,700 |
Bhosari Vibhag | Rs.43,380 - Rs. 53,030 | Rs. 47,170 - Rs. 89,490 |
Bibvewadi | Rs.50,310 - Rs. 139,480 | Rs. 76,740 - Rs. 211,220 |
Bopkhel | Rs.40,570 - Rs. 42,680 | Rs. 43,370 - Rs. 51,200 |
Bopodi | Rs.71,140 - Rs. 85,200 | Rs. 89,800 - Rs. 133,440 |
Budhwar Peth | Rs.82,670 - Rs. 139,110 | Rs. 124,570 - Rs. 233,860 |
Borhadewadi | Rs.42,810 - Rs. 47,970 | Rs. 51,360 - Rs. 52,320 |
Charoli Budruk | Rs.42,470 - Rs. 46,350 | Rs. 45,290 - Rs. 47,900 |
Chinchwad | Rs.50,080 - Rs. 71,530 | Rs. 56,440 - Rs. 161,960 |
Chovisawadi | Rs.43,720 - Rs. 43,720 | Rs. 46,620 - Rs. 51,200 |
Dapodi | Rs.67,760 - Rs. 79,850 | Rs. 83,760 - Rs. 132,260 |
Dhankawadi | Rs.55,080 - Rs. 96,100 | Rs. 65,750 - Rs. 140,670 |
Dhanori | Rs.46,640 - Rs. 86,190 | Rs. 56,290 - Rs. 118,630 |
Dhayari | Rs.52,417 - Rs. 55,500 | Rs. 58,650 - Rs. 64,780 |
Dighi | Rs.44,380 - Rs. 44,380 | Rs. 45,820 - Rs. 45,820 |
Dudulgaon | Rs.42,680 - Rs. 44,590 | Rs. 51,200 - Rs. 53,510 |
Erandwane | Rs.1,10,700 - Rs. 182,790 | Rs. 131,870 - Rs. 348,840 |
Ganj Peth | Rs.48,100 - Rs. 66,010 | Rs. 75,440 - Rs. 119,190 |
Ganesh Peth | Rs.74,090 - Rs. 1,23,240 | Rs. 112,080 - Rs. 215,730 |
Ghorpadi | Rs.55,750 - Rs. 176,010 | Rs. 83,660 - Rs. 177,270 |
Guruwar Peth | Rs.66,590 - Rs. 78,840 | Rs. 100,370 - Rs. 162,460 |
Gultekedi | Rs.90,670 - Rs. 143,450 | Rs. 116,600 - Rs. 246,820 |
Hingne Budruk Kanvernagar | Rs.98,450 - Rs. 133,880 | Rs. 125,000 - Rs. 178,380 |
Hadpsar | Rs.52,760 - Rs. 85,000 | Rs. 62,000 - Rs. 137,080 |
Kalas | Rs.39,190 - Rs. 57,960 | Rs. 44,670 - Rs. 78,140 |
Kasba Peth | Rs.70,520 - Rs. 105,720 | Rs. 112,990 - Rs. 184,520 |
Khadaki Cantonment | Rs.39,570 - Rs. 53,500 | Rs. 43,820 - Rs. 77,160 |
Katraj | Rs.53,410 - Rs. 68,340 | Rs. 64,110 - Rs. 100,340 |
Kiwale | Rs.42,000 - Rs. 56,700 | Rs. 48,000 - Rs. 60,000 |
Kharadi | Rs.42,440 - Rs. 83,370 | Rs. 50,920 - Rs. 92,470 |
Kondhwa Khurd | Rs.44,190 - Rs.77,360 | Rs. 58,000 - Rs. 134,110 |
Kondhwa Budruk | Rs.43,050 - Rs.61,910 | Rs. 60,980 - Rs. 84,960 |
Kothrud | Rs.69,930 - Rs.1,52,810 | Rs. 79,700 - Rs. 260,700 |
Lohegaon | Rs.40,950 - Rs.96,650 | Rs. 49,140 - Rs. 115,900 |
Mangalwar Peth | Rs.65,970 - Rs.1,24,120 | Rs. 76,810 - Rs. 155,320 |
Mohammadwadi | Rs.39,240 - Rs.70,860 | Rs. 53,720 - Rs. 99,670 |
Mamurdhi | Rs.36,980 - Rs.44,550 | Rs. 41,530 - Rs. 48,570 |
Moshi | Rs.43,050 - Rs.49,930 | Rs. 44,500 - Rs. 71,950 |
Mundhwa | Rs.76,510 - Rs.1,05,160 | Rs. 97,860 - Rs. 139,850 |
Nigdi | Rs.44,240 - Rs.50,900 | Rs. 58,410 - Rs. 103,450 |
Nana Peth | Rs.54,060 - Rs.1,12,650 | Rs. 73,060 - Rs. 198,210 |
Parvati | Rs.85,760 - Rs.1,63,330 | Rs. 98,160 - Rs. 265,050 |
Pashan | Rs.78,780 - Rs.1,09,330 | Rs. 112,000 - Rs. 150,830 |
Pimple Gurav | Rs.43,790 - Rs.78,390 | Rs. 49,440 - Rs. 96,480 |
Pimple Nilakh | Rs.53,480 - Rs.72,450 | Rs. 60,730 - Rs. 81,770 |
Pimple Saudagar | Rs.50,250 - Rs.86,420 | Rs. 54,580 - Rs. 105,600 |
Pimpri Waghire | Rs.45,100 - Rs.73,460 | Rs. 57,860 - Rs. 144,640 |
Rahatni Kale Wadi Vibhag | Rs.43,040 - Rs.69,210 | Rs. 55,120 - Rs. 89,120 |
Rasta Peth | Rs.75,080 - Rs.97,140 | Rs. 90,120 - Rs. 170,310 |
Ravet | Rs.47,670 - Rs.58,410 | Rs. 52,750 - Rs. 63,170 |
Raviwar Peth | Rs.73,770 - Rs.1,29,080 | Rs. 97,960 - Rs. 235,300 |
Sadashiv Peth Navi Peth Dattawadi | Rs.99,190 - Rs.1,98,350 | Rs. 127,250 - Rs. 312,550 |
Sangvi | Rs.43,230 - Rs.62,630 | Rs. 44,890 - Rs. 72,060 |
Shaniwar Peth | Rs.92,720 - Rs.1,54,860 | Rs. 109,010 - Rs. 268,020 |
Somwar Peth | Rs.75,490 - Rs.1,05,740 | Rs. 114,230 - Rs. 189,710 |
Shukrawar Peth | Rs.85,260 - Rs.1,45,790 | Rs. 111,300 - Rs. 284,780 |
Talwade | Rs.42,400 - Rs.42,610 | Rs. 43,760 - Rs. 49,920 |
Undri | Rs 53,360 - Rs.73,780 | Rs. 65,000 - Rs. 92,150 |
Wadgaon Budruk | Rs.38,930 - Rs.72,950 | Rs. 48,370 - Rs. 92,470 |
Wadgaon Khurd | Rs.46,050 - Rs.99,360 | Rs. 55,990 - Rs. 119,160 |
Wadgaon Sheri (Ram Wadi) | Rs.41,680 - Rs.1,24,740 | Rs. 50,010 - Rs. 185,910 |
Wanwadi | Rs.72,660 - Rs.1,20,250 | Rs. 92,920 - Rs. 185,750 |
Warje | Rs.55,050 - Rs.90,810 | Rs. 72,650 - Rs. 127,380 |
Yerwada | Rs.62,000 - Rs.1,66,580 | Rs. 75,810 - Rs. 243,730 |
Factors That Affect The Ready Reckoner Rates in Pune
- The ready reckoner rate tends to differ across several regions in Pune. It entirely depends on the overall market value of an area and the type of amenities available there.
- The administration of Pune has categorized the properties and the suburbs of Pune into 19 zones or divisions, which are further sub-categorized into 221 sub-zones. This classification is done with respect to the primary railway lines and arterial roads (from west to east).
- The state government of Maharashtra usually assigns the higher reckoner rates to the commercial properties and the lower reckoner rates to the residential properties.
- The ready reckoner rate also depends on the property. As far as Pune is considered, the registrar value of apartments and flats are much different from independent houses and plots, even if both happen to be in the same locality.
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