In India, the ready reckoner rate is very important when buying or selling real estate. It is the lowest price, set by the State government, at which a property may be registered. This rate fluctuates from place to place, even within a locality, and is reviewed every year. Therefore, it is crucial for prospective buyers and investors to understand the ready reckoner rate of some of Nerul’s most notable places. To get more about the ready reckoner rate in Nerul Thane, keep reading.
Are you searching rental flats in Kamothe?
Nerul is a posh residential area in Thane, Maharashtra, that draws both buyers and investors due to its abundance of amenities and first-rate connections. If Nerul Thane is your preferred location for your upcoming commercial or residential real estate deal, begin by gaining a comprehensive understanding of the ready reckoner rate. You can get all the information you need about the effects of the ready reckoner rate & the most recent rates in Nerul.
Impact of ready reckoner rates in Nerul Thane on real estate transactions
Let’s examine the ready reckoner rate’s effect on real estate transactions in more detail:
Determining property value: A property’s value can be ascertained using the ready reckoner rate as a guide. It guarantees transaction transparency and assists buyers and sellers in pricing negotiations.
Stamp duty calculation: The ready reckoner rate is used to compute stamp duty. Stamp duty is levied against buyers based on either the ready reckoner rate or the property’s market value, whichever is higher.
Effect on property taxes: Capital gains tax, municipal tax, & property tax are among the taxes that are impacted by the ready reckoner rate. The ready reckoner rate has an impact on the valuation of the property, which is used to compute these taxes.
Reducing black money transactions: Black money transactions in real estate are lessened thanks in part to the ready reckoner rate. By establishing a minimum rate, it guarantees that transactions are completed lawfully and deters underhanded business dealings.
Market stability: The real estate market is stabilized by the ready reckoner rate. It helps keep the market balanced by limiting the amount that real estate values fluctuate.
Introduction to Nerul Thane and the ready reckoner rate
Nerul is a well-known residential neighbourhood in Maharashtra, India’s Thane district. Nerul’s advantageous location, first-rate connections, well designed infrastructure, and wealth of amenities have made it a popular choice for homebuyers.
Location and connectivity
Nerul is located on the Thane-Belapur Road and the Bangalore-Mumbai Highway, which link it to the Navi Mumbai business districts. Convenient access to the entire city is provided by the Mumbai Suburban Railways’ Nerul Railway Station on the Harbour Line.
Real estate scenario
Nerul’s real estate market has expanded significantly in the last several years. Based on data from February, the area has grown by around 34% over the previous five years. There are many different types of housing available in the neighbourhood, such as independent homes, villas, and flats.
Infrastructure and Amenities
Nerul has an abundance of amenities and a well-developed infrastructure. Nerul’s close proximity to major job centres, academic institutions, and medical facilities fuels demand for residential real estate. Furthermore, the region is generally more livable when parks and open areas are present.
Nerul is a bustling neighbourhood that presents a profitable opportunity for both investors and homebuyers by providing the ideal balance of comfort, convenience, & connectivity.
Ready reckoner rate for residential properties in Nerul Thane
Whether purchasing or selling a home in Nerul, the ready reckoner rate for residential properties is a crucial consideration. In Nerul, ready reckoner rates for residential properties begin at Rs 33,600 per square metre as of 2024. The following provides a thorough breakdown of Nerul’s residential ready reckoner rates:
Ready reckoner rates for residential properties in Nerul, Thane
Subdivision
Open land (Rs per sq m)
Residential flats (Rs per sq m)
26 / 270- Nerul Node Village
14900
46500
26 / 272- Nerul Node Sector No. (Near Nerul Railway Station) Sector No. 15
53100
131500
26 / 273- Nerul Node Sector No.21
56400
122500
26 / 274- Nerul Node Sector No. 6, (Remaining plots except plots in Sector No.6 A
56700
129800
26 / 275- Nerul Node Sector No.23
43500
95700
26 / 276- Nerul Node Sector No. 16 (Remaining plots except plots in Sector No.16A
47500
121000
26 / 277 – Nerul Node Sector No.9
43800
113500
26 / 278- Nerul Node Sector No.2
47800
116600
26 / 279 – Nerul Node Sector No. 18 (Excluding plot in Sector No. 18A
60100
126800
26 / 280- Nerul Node Sector No.28
47400
114100
26 / 281- Nerul Node Sector No.46
45500
116000
26 / 282- Nerul Node Sector No.30
35000
85000
26 / 283- Nerul Node Sector No. 19, 19A, (Nerul Railway Station
50000
134300
26 / 284- Sector No. 52 for Non-Resident Indian Scheme
40200
92000
26 / 285- Nerul Node Sector No.17
47000
103800
26 / 286- NERUL NODE SECTOR NO.1A, 1, 3, 5, 7, 13
37400
103800
26 / 287- Nerul Node Sector No.27
46300
117500
26/288-Nerul node under Sarsole VDC.Shirvane V.V.Y.Karave V.V.O.Darave V.V.O.or four cows doing
18300
52500
26 / 289 – Nerul Node Sector No-29 (Next to Nerul Railway Line)
55400
136100
26 / 295- Nerul Node Sector No.12
33600
85400
26 / 296- Nerul Node Sector No. 14 (Excluding plot in Sector No.14A
47700
119000
26 / 297- Nerul Node Sector No.24
39100
109600
Commercial ready reckoner rates in Nerul Thane
When considering how to establish a presence in Nerul, firms should take into account the commercial ready reckoner rate.
Ready reckoner rates for commercial properties in Nerul, Thane
Subdivision
Office (Rs per sq m)
Shops (Rs per sq m)
Industrial (Rs per sq m)
26 / 270- Nerul Node Village
55500
66400
55500
26 / 272- Nerul Node Sector No. (Near Nerul Railway Station) Sector No. 15
151200
186200
151200
26 / 273- Nerul Node Sector No.21
159000
192300
159000
26 / 274- Nerul Node Sector No. 6, (Remaining plots except plots in Sector No.6 A
149300
162300
149300
26 / 275- Nerul Node Sector No.23
110100
126500
110100
26 / 276- Nerul Node Sector No. 16 (Remaining plots except plots in Sector No.16A
137300
151200
137300
26 / 277 – Nerul Node Sector No.9
130500
152000
130500
26 / 278- Nerul Node Sector No.2
134100
149500
134100
26 / 279 – Nerul Node Sector No. 18 (Excluding plot in Sector No. 18A
134300
158500
134300
26 / 280- Nerul Node Sector No.28
131300
165800
131300
26 / 281- Nerul Node Sector No.46
130700
145000
130700
26 / 282- Nerul Node Sector No.30
119500
126000
119500
26 / 283- Nerul Node Sector No. 19, 19A, (Nerul Railway Station
154400
207400
154400
26 / 284- Sector No. 52 for Non-Resident Indian Scheme
105900
115500
105900
26 / 285- Nerul Node Sector No.17
128300
155600
128300
26 / 286- NERUL NODE SECTOR NO.1A, 1, 3, 5, 7, 13
142400
186300
142400
26 / 287- Nerul Node Sector No.27
135200
174600
135200
26/288-Nerul node under Sarsole VDC.Shirvane V.V.Y.Karave V.V.O.Darave V.V.O.or four cows doing
60700
70800
60700
26 / 289 – Nerul Node Sector No-29 (Next to Nerul Railway Line)
146500
170100
146500
26 / 295- Nerul Node Sector No.12
98300
120000
98300
26 / 296- Nerul Node Sector No. 14 (Excluding plot in Sector No.14A
135500
148700
135500
26 / 297- Nerul Node Sector No.24
119900
137000
119900
Businesses and purchasers wishing to make an investment in Nerul must be aware of the ready reckoner rate. Making well-informed decisions and assessing the financial ramifications are aided by it. For accurate and current information, it is essential to speak with a real estate advisor, as these rates are subject to change.
You’re looking for Projects in Ambernath have the Best Properties In Thane Like Ready to Move:https://navimumbaihouses.com/properties/search/ambernath/
If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter
The post What Is The Current Ready Reckoner Rate In Nerul, Thane? appeared first on .