The government-set ready reckoner rate establishes the minimum value of a property for different kinds of transactions. Anyone wishing to purchase or sell real estate in Sanpada must be aware of the ready reckoner rate in the area. We shall examine the specifics of Sanpada Thane‘s ready reckoner rate in this post, as well as the variables influencing it in the real estate sector.
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Situated between Vashi and Juinagar, Sanpada is a developed suburb that is easily accessible from both the Eastern & Western sides of the city. Sanpada has many benefits, one of which is its superior connectivity. The area has excellent rail and road connections. The Mumbai Suburban Railway’s Harbour Line passes through the Sanpada railway station, offering easy access to Mumbai and other areas of Navi Mumbai. So, are you trying to find a property in this area? Continue reading to find out Sanpada Thane’s ready reckoner rate.
Factors influencing Sanpada Thane’s ready reckoner rate
A community like Sanpada’s ready reckoner rate is influenced by a number of factors, such as:
Property location:
One of the main factors affecting a property’s ready reckoner rate is its geographic location. Rates for properties in prime or developed neighbourhoods are frequently higher than those in less desired places.
Property type and usage:
Ready reckoner charges vary depending on the type of property, such as residential, commercial, or industrial. In addition, whether the property is used for residential or commercial reasons, its designated usage affects the rate that is charged.
Market supply and demand:
The ready reckoner rate is influenced by the basic economic concepts of supply and demand. Rates may rise in response to increased demand for real estate in a particular location, while oversupply may have the reverse effect.
Infrastructure and facilities:
The ready reckoner rate are greatly impacted by the availability of infrastructure & amenities in the area. Higher rates are typically seen in developed locations with adequate connectivity, as well as in schools, hospitals, and other services.
Economic conditions:
Rate revisions are influenced by the general state of the economy, both locally and nationally. When calculating the ready reckoner rate, factors such as GDP growth, inflation rates, and economic stability or fluctuations are taken into account.
Government policies & regulations:
These factors are quite important when it comes to changing rates. The ready reckoner rate may be impacted by modifications to development plans, tax laws, and urban planning strategies.
Prevailing market trends:
The ready reckoner rate is influenced by prevailing real estate market trends, such as property valuations and transaction patterns. Trends in the market shed light on the factors that influence changes in interest rates.
Legal & regulatory changes:
The ready reckoner rate may be impacted by changes to laws and rules pertaining to properties. Revisions may be prompted by changes in the law, such as adjustments to registration fees and stamp duty.
Development plans:
The rate may be impacted by current or proposed development plans in the area. Rate changes are influenced by urbanisation programmes, infrastructure developments, and general community development.
Land use zoning:
The ready reckoner rate is influenced by the land use policies and zoning laws that are implemented by local government agencies. Property prices and rates may fluctuate as a result of changes in allowed land use.
Historical sales information:
When calculating the ready reckoner rate, historical sales information for nearby properties is frequently taken into account. Authorities are better able to decide on rates when they have time to analyse trends and patterns.
The Sanpada Thane residential ready reckoners’ rate
Popular Mumbai residential area Sanpada is situated in the Thane district. A crucial consideration for both sellers and buyers of real estate in Sanpada is the residential ready reckoner rate. According to the list below, Sanpada Thane’s residential ready reckoner rate as of 2024.
Ready reckoner rates for residential properties in Sanpada, Thane
Subdivision
Open land (Rs per sq m)
Residential flats (Rs per sq m)
25 /233-SANPADA NODE SECTOR NO.1
46100
119400
25 /234-SANPADA NODE SECTOR NO.2
45300
105800
25 /235-SANPADA NODE SECTOR NO.3
43500
111500
25 /236 -SANPADA NODE SECTOR NO.4
58300
131000
25 /237-SANPADA NODE SECTOR NO.5
39600
100000
25 /238-SANPADA NODE SECTOR NO.6
40400
100100
25 /239-SANPADA NODE SECTOR NO.7
45300
114500
25 /240-SANPADA NODE SECTOR NO.8
48400
123200
25 /241-SANPADA NODE SECTOR NO.9
60800
143800
25 /242-SANPADA NODE SECTOR NO.10
49600
112200
Commercial ready reckoner rates in Sanpada Thane
For companies trying to establish themselves in Sanpada, the commercial ready reckoner rate is a crucial consideration. The following is a list of the Sanpada commercial reckoner rate. Stamp duty & registration fees for local commercial properties are determined using this rate.
Ready reckoner rates for commercial properties in Sanpada, Thane
Subdivision
Office (Rs per sq m)
Shops (Rs per sq m)
Industrial (Rs per sq m)
25 /233-SANPADA NODE SECTOR NO.1
137400
149300
137400
25 /234-SANPADA NODE SECTOR NO.2
120800
132300
120800
25 /235-SANPADA NODE SECTOR NO.3
123100
139400
123100
25 /236 -SANPADA NODE SECTOR NO.4
150100
163900
150100
25 /237-SANPADA NODE SECTOR NO.5
114900
124900
114900
25 /238-SANPADA NODE SECTOR NO.6
112100
125100
112100
25 /239-SANPADA NODE SECTOR NO.7
131700
143000
131700
25 /240-SANPADA NODE SECTOR NO.8
138400
154000
138400
25 /241-SANPADA NODE SECTOR NO.9
160900
179700
160900
25 /242-SANPADA NODE SECTOR NO.10
124400
140300
124400
It is noteworthy that the State government periodically modifies the ready reckoner rate to account for shifts in the aforementioned parameters as well as changes in the market. To make wise judgements in the real estate market, buyers and sellers need be aware of these elements as well as the current rates. To obtain precise information regarding the current ready reckoner rates in Sanpada, it is recommended that you speak with a local real estate expert or a property specialist. They can offer insightful information and support in making defensible choices about real estate transactions.
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