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Posh Areas in Pune to Help You Live Life Luxuriously

Over time, the cultural capital of Maharashtra, Pune is gaining more importance in terms of property values. There has also been an increase in the number of posh areas in Pune due to new start-ups, and multimillionaires wanting to invest in these areas. Traditionally, backed-up crowds i.e. old residents who have ancestral plots are attracting luxurious apartment builders and real estate investors in these Pune posh residential areas. So, if you are looking for the best area to live in Pune for your family or simply understand which are the best residential areas in Pune, read on!

Posh Areas in Pune

Things we covered for you

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Trends Of Luxury Properties in Pune


If you are looking for the top localities in Pune, you should know about the trends associated with the luxury properties in the market. For example, recent reports have highlighted how NRIs are scouting for the best areas to live in Pune from the vast number of properties available in the city. More and more reputed real estate developer brands are building gated residential destinations in the scenic city among the ghats, making this a great investment opportunity for many. With more urban students and job opportunists coming to the city for a better life, the robust market is also ripe for a profitable rental market.

Top 10 Posh Areas in Pune

Let’s take a look at an in-depth description of the top 10 posh areas in Pune.

List of Top 10 Prime Areas in Pune
1. New Kalyani Nagar
2. Eran Dwane
3. Shivaji Nagar
4. Koregaon Park
5. Boat Club Road
6. Kothrud
7. Wadgaon Sheri
8. Senapati Bapat Road
9. Model Colony
10. Sopan Baug

1. New Kalyani Nagar

New Kalyani Nagar pune
New Kalyani Nagar pune

New Kalyani Nagar, being an extension of Kalyani Nagar, is witnessing some major residential and commercial growth. For a newcomer to the city, Kalyan Nagar can be considered to be the best area in Pune. New Kalyani Nagar is easily commutable to other famous places in the city of Pune. This place is among the best places to live in Pune and is also close to the airport and railway station. Since it is also an IT hub, it gained importance among the IT crowd and became the best area to live in Pune for family. The neighbouring locality to New Kayani Nagar is Koregaon Park, another Pune posh area name. You can also find apartments and luxury homes from popular builders making it a posh area in Pune. One may not worry about entertainment while residing in this area since there are many restaurants, pubs, and malls here among other popular places in Pune. 
Read: Posh Areas in Mumbai – Top 12 Places to Live in the City of Dreams


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Read: Leading Schools in Hyderabad for Your Kids in 2023

Popular places near New Kalyani Nagar: Aga Khan Palace, Joggers Park, National war museum, Trump tower, Marigold Multiplex, etc.

2. Eran Dwane

Erandwane pune
Pune Street view | Pune footpath | Eran Dwane

Eran Dwane is home to many film schools as it has the famous Film and Television Institute of India here. This place is considered to be the most expensive area in Pune and has grown significantly during the past 3-5 years. One of Pune’s best residential areas, it has well-established amenities and infrastructure making it one of the poshest areas in Pune. Eran Dwane is the first choice of people who are willing to buy spacious and luxurious villas. There are options for huge bungalows, high-end apartments, housing complexes, etc. Commuting here is very easy as it is near the railway station and the airport too.

Popular places near Eran Dwane: Film and television institute of India, Kothrud, City Pride Multiplex, etc.

Pharmacy college at Eran Dwane
Pharmacy college at Eran Dwane

3. Shivaji Nagar

punekarnews Shivaji Nagar posh locality in Pune
Source: punekarnews Shivaji Nagar posh locality in Pune

Shivaji Nagar is one of the greener areas of Pune. This is an area that has many important government offices, city courts, and educational institutions and yet makes it to our list of richest areas in Pune. This place got its popularity when famous builders bought land to build houses here. The growing housing demand made this place grow into a posh locality in Pune. The greenery in Shivaji Nagar is welcoming many residents to invest in properties here. Real estate is booming here as land prices are expected to rise even more in the next few years.
Read: The Best Schools in Velachery, Chennai 2024

Read: 7 Fascinating Places to Visit Within 100 Km of Pune

Popular places near Shivaji Nagar: Darshan Museum, Neelkanth Eshwar temple, Ohel David Synagogue, Tribal cultural museum, Loha gad fort, etc.

4. Koregaon Park

Koregaon Park posh locality in Pune.
The serene paths of Koregaon Park, Pune!

Koregaon Park is well-known for its greenery and cleanliness. This is one of the prominent places in Pune that has commercial establishments and luxurious villas amidst greenery. Koregaon Park is not just a prestigious place for residential purposes but has turned into a commercial place too. This locality has many restaurants and pubs that attract the youth. When it comes to commuting to Koregaon Park, the well-planned roads here are a blessing. The city centre can be accessed through the Agha Khan Bridge.

Read: Places to Visit near Bangalore within 100 km

Popular places near Koregaon Park: Wagaskar PMC Garden, Jewel Square Mall, Penthouze Nightlife, etc.

5. Boat Club Road

Boat Club Road Pune
Source: WhatsHot Boat Club Road

Located to the east of Pune, Boat Club Road is also an attractive and posh area in Pune. It has ultra-luxury housing villas and bungalows. This place got the name the Royal Connaught Boat Club and is the favourite place for well-funded start-ups in Pune. The Pune-Mumbai highway keeps this locality well connected to the rest of the city and is also a key reason for its growth. You get all the amenities required within a 2 km radius. The rentals are very high as this place is one of the luxury areas in Pune. Boat Club Road is near a railway station and airport which makes it easy to travel. Since there are many entertainment options like malls, food stalls, market places, etc., the Boat Club Road is very lively and most active of all.
Read: Find a Flat for Rent in Bangalore Without Deposit and Move in Today

Popular places near Boat Club Road: Bhuleshwar temple, Rajgad fort, Peshwa Udyan, etc.

6. Kothrud

Kothrud pune
Kothrud pune

Did you know that Kothrud has a place in the Guinness Book of World Records as Asia’s fastest developing suburb? Kothrud is situated in the South-West region of Pune and has experienced rapid growth in real estate in the past few years. It has some lush residential properties and also commercial buildings. The well-developed social and civic infrastructure makes Kothrud the most in-demand residential place among all the others. The IT companies and the well-known colleges here make this place a favourite for both professionals and students.

Popular places near Kothrud: Peshwa temple, the Tekdi, Cycle Museum of Vikram Pendse, Museum of miniature railways, etc.

7. Wadgaon Sheri

Wadgaon Sheri pune
Wadgaon Sheri pune (Source: 360 Realtors)

Catering to many IT companies, educational institutions, health centres, and eateries, Wadgaon Sheri is one of the popular posh localities in Pune. The connectivity to this place is very well suited for all and is the most sought locality for residential purposes. Being just 5 km away from Pune International Airport and 6.5 km from Pune Railway station, Wadgaon Sheri has become one of the upmarket areas in Pune. You can rent a house or apartment at around Rs. 8,000 to 10,000 based on your requirement.
Read: The Ultimate List of Top 10 Residential Societies In Pune

Popular places near Wadgaon Sheri: Raje Chatrapati Shivaji Maharaj Udyan, Shaniwar Wada, Khadakwasla Dam, Morya Gosavi Ganapati Mandir, etc.

8. Senapati Bapat Road

Senapati Bapat Road pune
Senapati Bapat Road, Pune (Source: Iccpune)

Senapati Bapat Road is one of the well-known posh areas in Pune which is located on the West side of Pune. It gained popularity because of Symbiosis College. This is a straight road comprising malls, hospitals, temples, and tall towers. The area connects Aundh, Model colony, Baner, Pashan, Pune University, Shivaji Nagar, and many more areas. You can rent villas, bungalows, and apartments for your luxury living.

Popular places near Senapati Bapat Road: Keventers, Pune Baking Company, Paasha, Swig, Open-air gym, Chaturshrungi temple, etc.

9. Model Colony

Model Colony Lake in Pune
A beautiful image was taken at the Model Colony Lake in Pune

Situated very closeto the Railway station and many other educational institutions, Model Colony makes it to the posh areas in Pune list. The basic amenities like hospitals, schools, colleges, markets, malls, etc. can be found near Model Colony. Hence, this is one of the poshest areas in Pune. This is the first choice of the home buyers as it has many eateries, hotels, shopping malls, markets, theatres, etc. The rent for this place varies from Rs. 15,000 to 20,000.

Popular places near Model Colony: La-Ka-Ki bird watching, Rock climbing, Chittaranjan Vatika, Charka story, etc.

10. Sopan Baug

Sopan Baug pune
Clover-Belvedere Sopanbaugh (Source: Rock realty)

Sopan Baug is located in the Northern region of Pune which has a very well-planned infrastructure and connectivity to the other places of Pune. This makes Sopan Baug one of the posh places in Pune. This place attracts people with its green, clean, and wide-open spaces. It is located near the Railway station, Airport, and Central Business District (CBD), which makes it a favourite place for residents to live in. The amenities available are high-end like private pools, landscaped gardens, etc. along with all other basic amenities like schools, colleges, restaurants, and pubs. The house rentals are around Rs. 30,000 to 50,000 for a 3 BHK flat.

Popular places near Sopan Baug: Devi Empress Court, Malshej Ghat, Shree Dnyaneshwar Maharaj Sansthan Committee, Bund Garden, Pawana Lake, etc. among other popular places in Pune.

Property Rates at Posh Areas in Pune 

AREAAVERAGE RATE PER SQ. FT.
New Kalyani Nagar₹10,900
Erandwane₹14,000
Shivaji Nagar₹12,250
Koregaon Park₹13,213
Boat Club Road₹12,000
Kothrud₹11,850
Wadgaon Sheri₹8,800
Senapati Bapat Road₹12,521
Model Colony₹13,480
Sopan Baug₹8,800

Which area in Pune has the highest rent?

It is difficult to determine a specific area in Pune that has the highest rent as it can vary depending on the type of property and location. However, generally speaking, areas such as Koregaon Park, Kalyani Nagar, and Baner tend to have higher rental prices compared to other areas in Pune.

The booming IT sector, pleasing climate, tourism, educational opportunities, etc. make Pune a wonderful place to reside in. We have collated our top 10 posh areas in Pune to live a luxurious life by comparing various pointers like amenities, connectivity, lifestyle, educational facilities, healthcare, eateries, etc. If you are planning to buy a home or relocate to Pune, you can have this list handy. Book your home without making a dent in your pocket as the real estate is just rising and you can get steal deals while buying properties with NoBroker. If you need a bit of assistance, why not click the link below to find your home faster and WITHOUT brokerage? 

Frequently Asked Questions

Q: Which is the poshest area in Pune?

Ans: Posh areas in Pune include areas like Sopan Baug, Model Colony, Wadgaon Sheri, etc. To know the full list of posh areas in Pune, you can check out this article.

Q: What amenities does a posh area have?

Ans: A posh area offers you a high standard of living with amenities like private pools, landscaped gardens, etc.

Q: Is Pune more expensive than Bangalore?

Ans: Bangalore is a bit more expensive when compared to Pune. The great news is that you can find the same amenities that Bangalore posh areas have in Pune too.

Q: Do posh areas in Pune have good commuting facilities?

Ans: Yes, almost all the posh areas in Pune have connectivity to the airport and railways.

Q: What is the starting rent for a house in a posh area in Pune?

Ans: The rentals may vary from Rs. 15,000 to 50,000 for a 2 BHK flat in Pune, based on the locality.

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Pooja

With a background in journalism and PR, Pooja is always up to date with what’s happening in the Indian Real Estate market. She loves writing about it and helping others stay informed and aware of the market. Keeping articles short, current, and simple is what she all about.

Stamp Duty and Registration Charges in Pune 2024

Stamp Duty and Registration Charges in Pune 2024

Stamp duty and registration charges in Pune are essential aspects of property transactions. In 2024, stamp duty rates typically range from 5% to 7% of the property value, while registration charges are approximately 1% of the property’s market value. Understanding these charges is crucial for buyers and sellers to facilitate seamless property transactions in Pune.

The Maharashtra government, under whose jurisdiction Pune falls, continues to emphasise online services for property registration and stamp duty payments. This simplifies the process, reduces paperwork, and potentially expedites approval. The existing rebate on stamp duty for women property buyers (1%) and senior citizens (1%, with a maximum limit of Rs. 1 lakh) remains applicable in Pune for 2024. This blog covers everything from the latest stamp duty and registration charges in Pune to the reasons why you have to pay these taxes on top of the property valuation money.  (Note – The rates for stamp rates come out annually on the 31st January of each year).

Understanding Stamp Duty 

When buying a house by paying upfront, or via a home loan, we tend to forget the money needed to pay stamp duty registration charges in Pune. But these extra costs are significant and should be considered when planning the finances for the house.

What is Stamp Duty?

The stamp duty came into effect after the Stamp Duty act in 1899 was passed. A tax levied on the instrument before any type of transaction between at least two parties must be documented concerning property (tangible/intangible, movable/immovable). The primary purpose of the Stamp Duty is to raise money for the Government, and thus the stamp duty in Pune has to be paid in full and before the deadline. Stamp duty is necessary for sale deeds, conveyance deeds, transfer of power of attorney, etc.

For example, when selling a used flat, the stamp duty in Pune for a resale flat is to be paid by the buyer to make the transaction official and legally binding. Thus, the stamp duty is essential because the document facilitates the creation, transfer, and closure of any other aspect regarding property ownership. The stamp duty charges in Pune can be paid either based on the specifics mentioned in the instrument or on a fixed basis. If the property is immovable, then the stamp duty must be paid after determining the property’s actual value.

Stamp duty and registration charges in Pune 2024

Stamp duty and registration charges in Pune for 2024 vary depending on the type of property transaction. Sale deeds typically incur stamp duty rates between 5% to 7% of the property value, with registration charges around 1%. For gift deeds, stamp duty is generally 3%, while registration charges remain at 1%. Lease deeds have variable stamp duty rates, and conveyance deeds follow the same stamp duty and registration charge structure as sale deeds. Understanding these charges is crucial for individuals involved in property transactions in Pune.

Type of DocumentStamp Duty (%)Registration Charges (%)
Sale Deed5% – 7%1%
Gift Deed3%1%
Lease DeedVaries1%
Conveyance Deed5% – 7%1%

Factors that Will Determine Stamp Duty and Registration Charges in Pune 2024-25

Stamp Duty and Registration Charges in Pune
Stamp duty varies based on multiple factors

The state government of Maharashtra imposes registration and stamp duty charges in Pune for all freehold and leasehold land, including agricultural land. These charges also apply to properties such as homes, residential flats and commercial spaces. However, since there are different types of properties, the actual amount of the stamp duty and registration charges Pune depends on certain factors such as:

1. Property Type: The tax paid on commercial properties is comparatively more than the fees paid on residential homes. 

2. Property Location: The property location also plays a crucial role in the tax charges. Properties in Rural and semi-urban areas have to pay less than the stamp duty and registration charges in Pune.

3. Market Value: The total area and the property’s market value are also factors that are considered when calculating the current stamp duty and registration charges in Pune.

4. Age & Gender of the Owner: Government often gives extra concessions depending on the age and gender of the owner. Stamp duty and registration charges can be subsidised for senior citizens and women. 

Stamp Duty Charges in Pune – Mode of Payments  

You can choose to pay the stamp duty changes in the following method that suits you best. There are four modes of payment that are authorised by the governing body.

1. Non-judicial Stamp Paper – This is the least popular mode of payment. It takes more time and is full of hassles (especially during the pandemic). But if this is the chosen method, the buyer has to get physical stamp paper from a licensed vendor and get the executed instrument printed on the stamp paper. This can be a viable option for stamp duty on resale flats in Pune, but it may not be a viable option where the stamp duty is of a larger denomination. 

2. Franking a document – This mode of payment depends on the applicant applying with an authorised franking agency or a bank to pay the stamp duty (along with the stamp). However, the maximum stamp duty is capped at Rs. 5000 / document. 

3. Electronic Secured Bank Treasury Receipt (e-SBTR) – To make the payment of stamp duty in Pune easier for the buyer, the Government introduced an online payment gateway – Electronic Secured Bank Treasury Receipt (e-SBTR). The applicant must fill the “input form” at the bank branch office that proves the e-SBTR facility and pay the required stamp duty amount. Once the payment is successfully made, the authorities register the details in the Government Visual Treasury to create a pre-printed e-SBTR that serves as proof of payment. However, it is necessary to note that the applicant must physically collect the e-SBTR from the respective bank branch office. 

4. Government Receipt Accounting System (GRAS) – If the applicant prefers to do the entire process online, then the government has an electronic payment system GRAS that enables the buyer to pay stamp duty in Pune via an e-challan that is accepted at the sub-registrar’s offices. However, there is a limitation that this can be done only for compulsory registrable documents (as under Section 17 of the Registration Act, 1908). GRAS is the most preferred payment mode for buyers who have availed of a home loan on the property.

Stamp Duty and Registration Charges in Pune For Female 2024

Stamp duty and registration charges in Pune for female property buyers vary slightly from those for male buyers. As of 2024, female buyers often benefit from discounted rates compared to their male counterparts. These charges are calculated based on the property’s market value and are typically lower for women to encourage property ownership. Women buyers can avail of a 1% concession on stamp duty as compared to the usual stamp duty of 6%. Thus, if the stamp duty is 6%, women would need to pay only 5%. This concession in stamp duty is only applicable to residential property, not commercial or industrial property.

Stamp Duty and Registration Charges in Pune for Male 2024

Stamp duty and registration charges in Pune for male property buyers are determined by the property’s market value and prevailing government regulations. As of 2024, male buyers may incur standard stamp duty rates applicable to their property transactions. Male buyers need to familiarise themselves with the current stamp duty and registration charges to make informed decisions when purchasing property in Pune. Consulting with legal experts or local authorities can provide clarity on specific charges applicable to male buyers in Pune for the year 2024. Stamp duty and registration charges in Pune for Males is 7%  (Stamp Duty 5%+ Metro Cess 1 %+ Local Body Tax 1%).

Stamp Duty and Registration Charges in Pune for Resale Flat 2024

When purchasing a resale flat in Pune in 2024, buyers need to be aware of stamp duty and registration charges. These charges are calculated based on the property’s market value and vary according to the location and type of property. It’s essential for buyers to thoroughly understand these charges to budget effectively and avoid any surprises during the property transaction process. The current stamp duty and Registration charges in Pune for Resale flat is 5% Stamp Duty + 1%LBT + 1% Metro Cess + 1% Registration Charges (Max. Rs. 30,000/-).

Stamp Duty and Registration Charges in Pune For New Flat 2024

When purchasing a new flat in Pune in 2024, buyers should be aware of stamp duty and registration charges. These charges are based on the property’s market value and are essential considerations for budgeting purposes. Buyers should verify the latest government regulations and consult with legal advisors to understand the specific stamp duty and registration charges applicable to new flat purchases in Pune for the year 2024. The current Stamp Duty and Registration Charges in Pune For New Flat is 5% Stamp Duty + 1%LBT + 1% Metro Cess + 1% Registration Charges (Max. Rs. 30,000/-).

Stamp Duty and Registration Charges in Pune Calculator 2024

Understanding stamp duty and registration charges in Pune is crucial for property buyers. A calculator simplifies this process, providing accurate estimates based on property value. This is how it works: 

  1. Enter Property Details: Input property details such as type, location, and value into the calculator.
  1. Calculate Stamp Duty: The calculator computes stamp duty based on the property’s market value and applicable rates.
  2. Estimate Registration Charges: It also estimates registration charges based on stamp duty and property value.
  3. Example: For a property valued at Rs. 50 lakhs, with a stamp duty rate of 6%, the stamp duty would be Rs. 3 lakhs. Registration charges (approximately 1% of the property value) would amount to Rs. 50,000.
  4. Total Cost: The calculator sums up stamp duty and registration charges to provide the total cost of property acquisition.

Stamp Duty And Registration Charges For Conveyance Deed In Pune 2024

Understanding stamp duty and registration charges for conveyance deeds in Pune is crucial for property transactions. In 2024, these charges are determined based on the property’s market value and type. For instance, the stamp duty rate for conveyance deeds typically ranges from 5% to 7% of the property value, while registration charges are approximately 1% of the property value. Buyers and sellers need to be aware of these charges to facilitate a smooth conveyance deed process and avoid any legal complications. The current stamp duty and registration charges for conveyance deeds in Pune is 3% for properties in gram panchayat areas and 5% for properties in municipal areas.

Stamp Duty And Registration Charges For Gift Deed In Pune 2024

In Pune, stamp duty and registration charges for gift deeds in 2024 are significant considerations for property transfers. The stamp duty for gift deeds is typically calculated at 3% of the property’s market value or the government-determined guidance value, whichever is higher. Registration charges, on the other hand, are approximately 1% of the property’s market value. Both the donor and the recipient must understand these charges to ensure a smooth transfer process and avoid any legal complications.

Stamp Duty And Registration Charges For Lease Deed In Pune 2024

Landlords and renters alike need to comprehend the stamp duty and registration fees associated with lease deeds in Pune. These fees are normally computed in 2024 using the lease term and the total amount of rent due over the lease duration. For lease deeds, stamp duty is 5%. Usually, registration fees amount to 1% of the overall lease amount. For the leasing agreement procedure to go well and to stay out of legal trouble, both parties must be informed of these fees. It is possible to get clarification on the precise fees that will apply to lease deeds in Pune in 2024 by speaking with legal professionals.

Steps for Online Payment of Stamp Duty and Registration Charges for Flats in Pune

Step 1 – Visit https://gras.mahakosh.gov.in/echallan/ (Maharashtra Stamp Duty Online Payment Portal).

online payment of stamp duty and registration charges for flats in pune

Step 2 – Register on the portal if you wish to. (recommended)

Step 3 – If you choose to pay without registering, then click on “Pay without Registration” and then “select citizen” and the type of transaction that you want to do on the new page.  

select citizen page in stamp duty and registration charges for flats in pune

Step 4 – You will see the option to “Pay to register your document”, where you choose to pay just the stamp duty or just the registration or stamp duty + registration fees. 

pay to register your document page for online payment of stamp duty

Step 5 – Now, you will need to enter the correct details such as District, Sub-Registrar office, Party details, Property details and Property value details. 

Step 6 – This is the last step, and the only thing left to do now is select the desired payment mode and generate the challan. 

Ready Reckoner Rates in Pune

The government-set amount below which a property cannot be sold in a particular location is called the ready reckoner rate (RR), sometimes known as the circular rate, and it is used throughout Maharashtra. The stamp duty calculation will still be based on the RR rates if the seller has set the price of the property lower than the government-fixed ready rates.

The buyer can determine the property’s valuation and subsequent stamp duty by multiplying the circle rate by the area of the property.

To illustrate-

Let’s say Dev decides to purchase a house with 500 square metres of carpet. The property circle rate per square metre is Rs 42,760. In this instance, the property’s total worth will be as follows: 

500 x 42,760 = Rs 21,380,000 which is  Carpet area x rate per square metre

Given that the Pune stamp duty is 5% of the value of the property, Dev will be required to pay Rs 10,69,000 in stamp duty. Dev will pay an additional Rs 30,000 as the registration fee because the property is valued at more than Rs 30 lakhs.

Checklist for Document Registration and Property Registration Charges in Pune

Document Registration and Property Registration Charges in Pune
ID proof is needed for Property Registration in Pune

Following documents are needed to ensure that the registration of the documents is done without any hurdles. 

  • Identity proof documents such as Pan Card, Passport, Driving License, etc. (of the seller as well as the purchaser)
  • The original deed document, along with two photocopies that are submitted to the Sub-Registrar of Assurances.
  • The proof of payment (challan) of the Stamp Duty.
  • Payment details of the transaction
  • The Khata certificate and receipt of taxes paid

Points to Consider Before Paying Stamp Duty in Pune

When it comes to paying stamp duty in Pune, it’s important to be well informed about the process and the factors that can affect the stamp duty rate. To ensure a smooth transaction, here are some key points to consider before paying stamp duty in Pune:

  • Verify the property documents: Before paying stamp duty, make sure that the property documents are in order and that there are no legal disputes related to the property.
  • Check the stamp duty rate in Pune: The stamp duty rate in Pune is set by the Maharashtra government and can vary based on factors such as the type of property, the purpose of the transaction, and the buyer’s age.
  • Calculate the total cost: In addition to stamp duty, there are also registration charges that must be paid. Calculate the total cost of stamp duty and registration charges to ensure that you have enough funds to complete the transaction.

What Are the Factors That Affect Stamp Duty in Pune?

The amount of stamp duty you’ll need to pay in Pune is affected by a variety of factors. Understanding these factors can help you estimate the total cost of the transaction and make informed decisions when purchasing a property. Some of the factors that can affect stamp duty in Pune include:

  • Type of property: Whether you’re buying a residential or commercial property can affect the stamp duty rate.
  • Purpose of the transaction: The stamp duty rate can also vary based on whether the property is being purchased for personal use, investment, or commercial purposes.
  • Buyer’s age: The stamp duty for senior citizens may be lower than for other buyers.
  • Location of the property: The location of the property can also affect the stamp duty rate in Pune.

Are Tax Benefits Available on Stamp Duty and Registration Charges?

While stamp duty and registration charges can be substantial, there are tax benefits available to help offset the costs. It’s important to understand these benefits and how they can help you save money. Here are some of the tax benefits that may be available in Pune:

  • Tax deductions under Section 80C of the Income Tax Act: You may be eligible to claim a tax deduction for the amount paid towards stamp duty and registration charges, up to a limit of INR 1.5 lakhs per financial year.
  • Tax benefits for first-time home buyers: If you’re a first-time home buyer, you may be eligible for additional tax benefits, such as a tax deduction for the interest paid on a home loan.

Understanding the exact stamp duty and registration charges in Pune for your home can be tricky if you have not done the process before. This is why NoBroker offers professional and expert help to home buyers who wish to take help from people who have plenty of experience in paying stamp duty and registration charges. Our experts help you understand the entire process and help you until the registration is done successfully. If you wish to consult our expert, just drop a comment below this article, and our team will reach out soon. 

Frequently Asked Questions

Q: What is the current Pune stamp duty rate?

Ans: The current stamp duty rate in Pune varies based on the property type, location, and transaction value. As of now, it typically ranges from 5% to 7% of the property’s market value.

Q: Do women owners get concession in stamp duty in Pune?

Ans: Yes, the Maharashtra Government announced in March 2021 that if the home is under a woman’s name, they will receive a 1 per cent subsidy in the stamp duty changes. The dates for 2024 will be announced on the 31st of January 2024.


Q:
What are the home registration charges in Pune?

Ans: The registration changes to be paid on the home depend on the total value of the property. If the property value is below Rs. 30 lakhs, then the amount paid is 1% of the total value. On the other hand, if the property value exceeds Rs. 30 lakhs, then the amount is capped at Rs. 30,000.  

Q: Can Stamp Duty and Registration charges in Pune be paid online?

Ans: Yes, it is possible to pay the charges online by using the Government’s electronic payment portal. 

Knowing Everything About Property Rates in Pune in 2024

Knowing Everything About Property Rates in Pune in 2024

Considering a move to Pune? Understanding Property Rates in Pune is crucial for navigating the city’s real estate market. This vibrant city offers a diverse range of options, from luxury apartments to affordable plots. The property appreciation rate in Pune has been positive in 2024, with some areas experiencing a significant increase in residential property value. In this guide, we’ll delve into current property rates across various localities, helping you find the perfect fit for your budget and lifestyle.

Key Reasons Why Property Rates Pune Are Booming 

A. Favourable Stamp Duty & GST Rates

As a means of reviving the state’s slow real estate market, which the pandemic has hampered, the Pune government agreed on August 26, 2020, to temporarily reduce stamp duty rates from 5 per cent to 2 per cent, which helped buyers avail attractive property prices in Pune. Pune’s stamp duty and local body tax (three per cent stamp duty plus one per cent local body tax) were relaxed too, further affecting land prices in Pune. Several real estate developers are willing to pay the GST on behalf of the buyer. This is considered one of the primary reasons for the 58 per cent increase in sales between July to September 2020. While the property registrations in March 2024 surged by 52% compared to the same period in 2023. Also, there’s a strong demand for mid-range and luxury properties, with average selling prices increasing by 11%.

B. Technology-Enabled Real Estate with a Wide Range of Offerings

During the lockdown period and the months after its termination, real estate developers in Pune and other Indian metropolises have actively improved their technology capabilities. Integration of technology into our business practices, such as virtual house tours, video conferencing, and targeted digital advertising, resulted in low demand and falling flat rates in Pune. Real estate builders in Pune are eager to rid of their unsold inventory. They have marketed several packages, including a minimum expression of interest, cash discounts, and freebies leading to better property rates in Pune. With area-wise property rates in Pune varying significantly, it’s crucial to research specific localities before finalising a flat.

C. Excellent Employment Opportunities

Pune has been a popular location for job seekers due to the city’s flourishing information technology sector and rising employment opportunities in a wide range of industries. Many professionals who migrated to the city a decade ago now own plots or apartments as the 1 guntha price in Pune has been favourable to the buyers. Pune is also considered the educational centre of the state since it is home to several well-known schools and institutions that maintain high educational standards. The migration of young people that happens due to job opportunities is the most significant factor that affects the rent rates in Pune.

D. The Benefits of Slow Business to the Buyers

The pandemic harmed the commercial real estate industry in Pune, with the economic downturn putting a stop to many enterprises’ growth and employment plans. Specific locales such as Kharadi, Baner, and Hinjewadi, which have an abundance of ready-to-move housing units, mainly consisting of residential flats, have many people eager to lease property for rent in Pune. The spreading IT/ITes centres in these three cities will provide a solid foundation for positive real estate situations at reasonable Pune real estate prices.

E. Improving Infrastructure & Public Transport 

Increased development in the city’s outskirts, particularly in areas like M.G. Road, Koregaon Park, and Bund Garden, has resulted in a significant rise in the infrastructure, leading to better property rent in Pune. Air, rail, and road connections link Pune to other cities and international destinations within the region and other cities and international destinations. They are amongst the real estate price trends in Pune. The Pune Mahanagar Parivahan Mahamandal Limited (PMPL) offers a city bus service that makes it convenient to travel inside and outside of the city, hence indirectly contributing to the rise in the value of Pune real estate properties.

Real Estate Overview Pune

properties. The real estate market in Pune is influenced by several factors, including government policies, construction rates, and property valuation. In recent years, Pune has become a hotbed for property investment, with many people looking to purchase homes in the city’s prime locations.

Key Sub-Markets in Pune

Pune has several key sub-markets, each with its unique features and benefits.

High-end Segment Sub-Markets in Pune

For those looking for luxury homes in Pune, the city has several high-end sub-markets to choose from. These areas offer a mix of upscale homes, prime locations, and top-notch amenities. 

Some of the most sought-after high-end sub-markets in Pune include Koregaon Park, Bund Garden Road, Aundh, Boat Club Road, Mangaldas Road, Baner, Kalyani Nagar, Viman Nagar, Sopan Baug, Uday Baug, Hadapsar, Deccan Gymkhana, Model Colony, Prabhat Road, Erandwane, Bhosale Nagar, and more.

Mid-Segment Sub-Markets in Pune

For those looking for affordable homes in Pune, the city has several mid-segment sub-markets to choose from. These areas offer a mix of budget-friendly homes, convenient locations, and essential amenities. 

Some of the most popular mid-segment sub-markets in Pune include Kothrud, Kalyani Nagar, Yerwada, Shashtri Nagar, Viman Nagar, Old Airport Road, Vishrantwadi, Kharadi, Wagholi, Wadgaon Sher, Hadapsar, Manjri, Mundhwa, Keshavnaga, Wanowrie, NIBM Road, Lulla Nagar, Undri, and Kondhwa.

Property Trends That Affect Pune Real Estate Prices

Pune is developing into a thriving employment centre with many job opportunities, notably in information technology and IT-enabled services.
  • At present, there are more than 60,246 ready apartments available in Pune and around 9,150 flats under development. Furthermore, the average capital value (CV) of properties in significant regions of Pune has increased in recent years due to the faultless infrastructural development in these locations.
  • In addition, the CV has benefited from a well-balanced demand and supply chain, as previously stated. Additionally, Pune’s membership in the Hundred Smart Cities initiative, which has attracted notable developers and prompted them to create and launch luxurious real estate developments in the city, has worked in the city’s favour.
  • Property developments such as Rohan Abhilasha in Wagholi, 7 Plumeria Drive in Tathawade, Kalpataru Jade in Baner, and Avon Vista in Balewadi have attracted the interest of real estate investors. 
  • While luxury houses are available in regions such as Balewadi because of the well-developed infrastructure in the area, areas on the periphery such as Wagholi and Tathawade are suitable budget house rates in Pune options.
  • People seek property only for investment reasons with a budget ranging from Rs. 61 lakhs to Rs. 71 lakhs would have over 3,000 possibilities to pick from in regions such as Hinjewadi, Baner, Kothrud, and Kharadi, all of which offer over 3,000 property options to offer affordable Pune apartment cost. 
  • Pune’s suburbs, including Pashan, Wakad, and Aundh, among other places, have developed robust infrastructure, which has resulted in a spike in demand for flats and improved plot rates in Pune.
  • Because of the influx of information technology businesses establishing offices in these locations, the demand for rental housing is increasing. For those who want a more modest budget of Rs. 51 to Rs. 61 lakhs, there are around 3,553 apartment alternatives to select from, which is still an impressive number.
  • It doesn’t matter which neighbourhood or which project you select; most housing societies will provide you with a list of facilities, which will typically include a clubhouse, children’s play area, open garden, swimming pool, and 24-hour high-level security. 
  • Average Pune flat rates: 1BHK – Rs. 40 lakhs, 2BHK – Rs. 65 lakhs, 3BHK – Rs. 1.1 crores, 4BHK- Rs. 3.8 crores. The average flat price in Pune depends on several factors, including the type of flat (apartment), size, location, and amenities.

Plot/Land Rates in Pune

Pune land rates average in Pune per square foot is ₹4846/sq. Ft

Here is a tabulation of land/ plot rates in Pune’s top 15 localities for 2024 and 2023 and the growth rate in the cost. The price mentioned is the per square feet rate in Pune 2024.

Locality NameBuy Rates / Price Range (Rs. per sq. yd.)
20242023Avg. Y/Y growth rate
KatrajRs. 40,000 – 60,000/sq. yd.Rs. 33,900 – 47,752/sq. yd.-9.09% 

Mundhwa
Rs. 60,000 – 80,000/sq. yd.Rs. 19,508 – 29,835/sq. yd.Constant
BanerRs. 70,000 – 90,000/sq. yd.Rs. 32,925 – 43,900/sq. yd.3%  
Bhavani PethRs.80,000 – 1,00,000/sq. yd.Rs. 31,365 – 38,632/sq. yd.Constant
Camp AreaRs. 1,00,000 – 1,20,000/sq. yd.Rs. 1,43,438 – 1,84,748/sq. yd.Constant
Kothrud & Karve NagarRs. 80,000 – 1,00,000/sq. yd.Rs. 9,060 – 9,800/sq. yd.4%
Sinhagad RoadRs. 60,000 – 80,000/sq. yd.Rs. 44,050 – 63,000/sq. yd-7%
HadapsarRs. 50,000 – 70,000/sq. yd.Rs. 70,762 – 91,035/sq. yd.Constant
HinjewadiRs. 40,000 – 60,000/sq. yd.Rs. 70,762 – 91,035/sq. yd.Constant
Kalyani NagarRs. 1,20,000 – 1,50,000/sq. yd.Rs. 60,965 – 70,150/sq. yd.1%
WakadRs. 70,000 – 90,000/sq. yd.Rs. 17,000 – 19,008/sq. yd.-6.98%
Shivaji NagarRs. 1,50,000 – 2,00,000/sq. yd.Rs. 11,200 – 13,950/sq. yd.5.88%
AundhRs. 1,00,000 – 1,20,000/sq. yd.Rs. 40,450 – 49,350/sq. yd.8.33%
Sadashiv PethRs. 90,000 – 1,10,000/sq. yd.Rs. 59,288 – 69,615/sq. yd.Constant
Koregaon ParkRs. 1,20,000 – 1,50,000/sq. yd.Rs. 1,32,400 – 1,63,000/sq. yd.-5-8%

House Rates in Pune (Independent)

The average Price for independent house rates in Pune is as follows:

  • 1BHK- 35 L
  • 2BHK- 85 L
  • 3BHK- 2.4 crores
  • 4BHK- 3.9 crores

Here is a tabulation of Pune real estate prices area wise for the top 15 localities for 2020 and 2021 and the growth rate in the cost. The price is given as per the Pune sq. ft rate.

Locality NamePune Property Rates Area Wise Price Range (Rs. per sq. ft.)
20242023Avg. Y/Y growth rate
KatrajRs. 4,500 – 6,000/sq. ft.Rs. 4,520 – 5,640/sq. ft.Constant
MundhwaRs. 6,000 – 8,000/sq. ft.Rs. 5,980 – 6,995/sq. ft.– 3-4%
BanerRs. 7,000 – 9,000/sq. ft.Rs. 6,205 – 8,382/sq. ft.5-7%
Bhavani PethRs. 8,000 – 10,000/sq. ft.Rs. 6,250 – 7,855/sq. ft.-4-7%
Camp AreaRs. 10,000 – 12,000/sq. ft.Rs. 6,020 – 7,850/sq. ft.1-3%
KothrudRs. 8,538 – 10,715/sq. ft.Rs. 8,538 – 10,715/sq. ft.Constant
Sinhagad RoadRs. 8,000 – 10,000/sq. ft.Rs. 4,050 – 4,800/sq. ft.4-6% 
HadapsarRs. 5,000 – 7,000/sq. ft.Rs. 5,145 – 7,012/sq. ft.Constant
HinjewadiRs. 4,000 – 6,000sq. ft.Rs. 4,650 – 5,680/sq. ft.8-11%
Kalyani NagarRs. 12,000 – 15,000/sq. ft.Rs. 7,880 – 9,650/sq. ft.-6-8%
WakadRs. 7,000 – 9,000/sq. ft.Rs. 5,952 – 6,680/sq. ft.1-3%
AundhRs. 10,000 – 12,000/sq. ft.Rs. 7,120 – 8,580/sq. ft.0.93%
Sadashiv PethRs. 9,000 – 11,000sq. ft.Rs. 8,740 – 10,378/sq. ft.Constant
Koregaon ParkRs. 12,000 – 15,000/sq. ft.Rs. 8,728 – 11,950/sq. ft.2-5%
Shivaji NagarRs. 15,000 – 20,000/sq. ft.Rs. 10,400 – 13,945/sq. ft.7-9%

Property Rent in Pune

Now we will take a look at average flat rents in Pune. We will discuss all kinds of apartments rent in Pune like 2 BHK, 3 BHK, 1 BHK, and 1 RK.

2 BHK Rent in Pune

The average 2 BHK rent in Pune is Rs. 21,790. Here we have tabulated the property rent prices in Pune’s top 15 localities for 2020 and 2021 and the growth rate in the rent.

Locality NameAverage Rental Rates of 2 BHK in Pune
2024(Rs)2023 (Rs)Avg. Growth Rate Y/Y
Katraj13,000 – 18,00014,000-12-15%
Mundhwa16,000 – 22,00014,8487-10%
Baner18,000 – 25,00018,197-9-17%
Bhavani Peth20,000 – 28,00015,85110%
Camp Area25,000 – 35,00024,198-17-23%
Kothrud18,000 – 24,00014,5005-13%
Sinhagad Road15,000 – 20,0008,58115-23%
Hadapsar12,000 – 16,00013,93910-19%
Hinjewadi10,000 – 14,00012,62612-20%
Kalyani Nagar22,000 – 30,00021,00020-23%
Wakad16,000 – 22,00014,1258-15%
Aundh20,000 – 28,00017,514-2-3%
Sadashiv Peth18,000 – 24,00014,9375-8%
Koregaon Park22,000 – 30,00023,774-6-10%
Shivaji Nagar25,000 – 35,00021,82014-20%

3 BHK Rent in Pune

The average 3 BHK rent in Pune is Rs. 32,244. Here we have tabulated the flat rent rates in Pune’s top 15 localities for 2020 and 2021 and the growth rate in the rent.

Locality NameAverage Rental Rates of 3 BHK in Pune
2024(Rs)2023 (Rs)Avg. Growth Rate Y/Y
Katraj18,000 – 25,00015,600-12-15%
Mundhwa22,000 – 30,00023,8487-10%
Baner25,000 – 35,00028,197-1-5%
Bhavani Peth28,000 – 40,00018,85110%
Camp Area35,000 – 50,00026,200Constant
Kothrud24,000 – 32,00028,50013-20%
Sinhagad Road20,000 – 28,00014,58115-18%
Hadapsar16,000 – 22,00024,93910-19%
Hinjewadi14,000 – 20,00021,626-12-18%
Kalyani Nagar30,000 – 42,00038,00010-18%
Wakad22,000 – 30,00018,12518-25%
Aundh28,000 – 40,00027,500-13-15%
Sadashiv Peth24,000 – 32,00025,937-8-17%
Koregaon Park30,000 – 42,00037,77410-20%
Shivaji Nagar35,000 – 50,00027,82014-20%

1 BHK Rent in Pune

The average 1 BHK rent in Pune is Rs. 11,979. Here we have tabulated the flat rent rates in Pune’s top 15 localities for 2020 and 2021 and the growth rate in the rent.

Locality NameAverage Rental Rates of 1 BHK in Pune
2024 (Rs)2023 (Rs)Avg. Growth Rate Y/Y
Katraj8,000 – 12,0007,000Constant
Mundhwa10,000 – 15,0008,48017%
Baner12,000 – 18,0009,8975-15%
Bhavani Peth14,000 – 20,0008,50015-20%
Camp Area18,000 – 26,00015,200Constant
Kothrud12,000 – 16,00010,50020%
Sinhagad Road10,000 – 14,0007,500Constant
Hadapsar8,000 – 12,0007,53910-19%
Hinjewadi7,000 – 11,0008,62613%
Kalyani Nagar16,000 – 22,00011,00010-20%
Wakad12,000 – 18,0009,700Constant
Aundh14,000 – 20,00013,0003-5%
Sadashiv Peth12,000 – 16,00013,237-8-17%
Koregaon Park16,000 – 22,00015,77410-20%
Shivaji Nagar18,000 – 26,00027,82014-20%

In the eyes of investors, Pune ranks as one of the most feasible and attractive locations for making real estate investments and is favoured by Pune’s real estate rates.  If you need help in finding the right property for you, you will surely find help at NoBroker. Please leave a comment below this article; our executive will be in touch with you shortly. 

Frequently Asked Questions

Q1. Are property rates in Pune 2024 high?

Ans. Despite the pandemic, the property rates in Pune are gradually increasing due to many factors such as great infrastructure, job opportunities and amazing higher education options. 

Q2. What is the average cost per foot for residential property in Pune?

Ans. The cost per square foot in Pune depends on the locality but the average rate ranges between Rs. 4500 per square feet (for affordable apartments) to Rs. 12,000 per square feet (for luxury apartments)

Q3. What is the cost of a 2BHK apartment in Pune?

Ans. The cost of a 2-bedroom apartment according to the latest property rates in Pune is between Rs. 45 lakhs to Rs. 70 lakhs. 

Q4. Which area in Pune has the best annual rental yield?

Ans. If you are a property investor, then it would be beneficial to know that property rent in Pune is best in localities such as Shivaji Nagar, Kothrud and Koregaon Park. 

Q5. Which is the best area to buy a plot or land in Pune in 2024?

Answer – Hadapsar and Ambegaon are the best areas to buy land in Pune. 

Tenant Police Verification in Pune – Ensuring Rental Security

Tenant Police Verification in Pune – Ensuring Rental Security

Pune is the bustling city of corporate opportunities and academic excellence. As the city is thriving, the demand for safe and affordable housing is also going up. This is where Tenant Police Verification in Pune emerges as a crucial safeguard. In this urban landscape, where students and professionals seek rental abodes, landlords rely on Tenant Police Verification in Pune to ensure safe living spaces.

What Exactly is the Tenant Police Verification?

Under the Indian Penal Code (IPC) and its Section 188, all landlords must undertake police verification for renting out their properties. This covers order violations as declared by any public servant, convicts are punishable with simple imprisonment for a tenor which may go up to one month or a monetary fine of Rs. 200. If something goes wrong with the tenant or any illegal activity takes place, the landowner will be the one facing the repercussions. Hence, tenant police verification is one of the most crucial steps in the renting process. 

Why is Tenant Police Verification Important?

Tenant Police Verification in Pune
Tenant Police Verification in Pune

Here are some significant reasons to carry out online police verification for tenant in Pune:

Heightened Security: Verifying tenants through police checks enables property owners to delve into the tenant’s history, revealing potential criminal records. This vital data assists landlords in making informed decisions about who they permit to occupy their property, ensuring the community’s safety.

Promotion of Responsible Tenancy: Following police verification, tenants often demonstrate responsible behaviour towards the property and community. The awareness that their records are with the police serves as an incentive for law-abiding behaviour and deters any non-compliance carrying serious legal consequences.

Validation of Nationality: As an integral part of the tenant verification process, police authorities scrutinize the tenant’s prior addresses. This step aids property owners in verifying the tenant’s Indian origin or nationality status, essential for compliance with legal requirements or building-specific regulations.

Documents Required For Tenant Police Verification

The documents required for tenant police verification in Bengaluru can vary slightly depending on the city or state, but here’s a general list:

  • Completed Tenant Verification Application Form: This can usually be downloaded from the local police department’s website or obtained from the police station itself.
  • Payment Receipt (if applicable): Some cities/states might require a fee for police verification. You may need to pay this fee at a designated centre and keep the receipt for your records.
  • Copy of the Signed Rental Agreement: This is to prove your tenancy at the property.
  • Photocopies of ID Proof (for Tenant and Landlord): This can include documents like Aadhar Card, Voter ID, Driving Licence, or Passport. Make sure to carry the originals for verification purposes as well.

Pune Police Verification Process for Tenant

There are two ways to get this done:

  1. Offline process
  2. Online process

Offline Process:  Step-By-Step Guide

Pune Police Verification for Tenants
(Source: timesofindia.com) Tenant Police Verification – Offline Process

For those who opt for a traditional police verification form for tenants in Pune, landlords can proceed with the following steps:

  • Step 1 – Acquire the Offline Verification Form: Acquire the tenant verification form offline, either from the nearby police station or by downloading it through the official website.
  • Step 2 – Form Completion: Fill out the form with comprehensive details regarding both the landlord and the tenant. Attach their identification proofs, address proofs, and recent passport-size photographs.
  • Step 3 – Submission at Local Police Station: Upon confirming the accuracy of the provided information, endorse the relevant sections of the form and deliver it to the local police station. The verification process will be supervised by the overseeing sub-inspector.

Tenant Information Form

tenant information form
Tenant information form

Online Process: Step-By-Step Guide

Theonline application for police verification (Pune) is an extremely popular, quick, and convenient method that not only helps the citizens but also the government. Needless to say, the introduction of the online process has led to a sudden rise in the number of documents being registered in the city.

Getting an online police clearance certificate in Pune is simple. The landlords can easily fill up and submit the tenant police verification form online and get the police verification online Pune for rent. However, the landlords might have to visit the police station for verification if required. In fact, in Pune, online police verification of tenant’s information by the landowners is an important step after receiving the Leave and License agreement is registered. 

Here’s a detailed guide on how to carry out online tenant police verification in Pune:

  • Step1: Start by visiting the Maharashtra Police Clearance Services official website.
  • Step2: Register by locating the option in the ‘Login’ section, either by creating a new user ID or using existing login credentials.
  • Step3: Select the desired service under the “Services” tab and
  • Step4: Input your address details, moving to the next step.
  • Step5: Continue the process by providing occupation and education information on the subsequent page.
  • Step6: Enter general information as required and proceed to enter details about your local police station.
  • Step7: Save your progress, receiving an application ID.
  • Step8: Upload a passport-sized photo and digital signature as instructed.
  • Step9: Upload the documents needed and review all information for accuracy.
  • Step10: Click ‘Submit’ at the bottom of the page.
  • Step11: Complete the payment using your preferred method, and upon successful payment, a receipt will be generated.
  • Step12: The local police station conducts the verification process, and if necessary, the tenant might need to visit for additional checks.
  • Step13: After the verification, download the Police Clearance Certificate (PCC) from the website.

Online Police Verification Pune Charges

The charges for online police verification in Pune are nominal. Landlords typically initiate the process, and they are charged a fee of ₹500 by the Maharashtra Police for tenant verification. You can find this information on various real estate websites or the Maharashtra Police website itself. Check the official Maharashtra Police website (https://pcs.mahaonline.gov.in/) for the latest updates on online police verification and any associated fees.

    Pune Police Clearance Certificate (PCC): Police Verification in Pune for Tenants Online

    ppc certificate for tenants in pune
    Pune police clearance certificate

    The government has issued the Tenant Police Verification clause for public safety. An FIR could be lodged against a landowner for renting out a property to a Tenant without Tenant Police Verification in Pune. Hence, it is strongly recommended to get the details of your tenant registered with the police before trusting them with your apartment and get Pune Police Clearance Certificate. Save yourself some trouble and find trustworthy tenants with extremely reliable sources on Nobroker.in. 

    Click here for more information about Pune Police and other general inquiries. 

    Your home is your safe space. Renting it out to someone involves trust. Hence, it’s extremely important to carry out Tenant Police Verification to ensure the safety and security of your residential space. 

    Frequently Asked Questions

    Q: How to get police verification for tenants in Pune?

    Ans: The Property owner can visit the nearby police station and ask for tenant verification forms. In some metropolitan cities, they can also perform the task through mobile apps. This can be done online too. 

    Q: Is police verification of tenants in Pune mandatory?

    Ans: Police verification of the tenants is an important part of the tenant screening process that must be properly understood for your safety. According to the Indian government, the landlords must undergo police verification of their potential tenants. Any kind of negligence may invite a monetary penalty or even a jail sentence. 

    Q: What is a rental verification form?

    Ans: A rental verification form is a document of permission by the government that a tenant applicant needs to sign to permit the landlord to do a background check.

    Q: What is the process for online police verification for rent agreement Pune?

    Ans: Here is your ste[-by-step guide for the online tenant police verification in Pune.
    Fill the form with both tenant and landlord details
    Affix the current photo of the potential tenant
    Finish it with a sign at the bottom of the form. This is to confirm that the information mentioned in the form is authentic and you are agreeing to it
    Submit the completed form for the police verification for tenant in Pune at the nearest police station
    Make sure to collect the receipt of an acknowledgement for future reference

    Everything You Need to Know About the Ready Reckoner Rate in Pune

    Everything You Need to Know About the Ready Reckoner Rate in Pune

    The Ready Reckoner rate, also known as the circle rate, is the bare minimum value at which a property must be recorded in the event of its transfer. Each year, all state governments publish area-wise ready reckoner rate Pune of properties to prevent evasion of stamp duty by the undervaluation of agreements and reduce the number of disagreements over the amount of stamp duty to be collected.  Each year an ASR (Annual Statement Rate or Ready Reckoner Rate) is set, and it is made applicable for the period of 1st April to 30th March – fiscal year. So, the EASR rates in Pune for 2023 are not out as of now.

    What is the Relevance of Ready Reckoner/Circle Rates in the Financial Markets?

    In Maharashtra, the Ready Reckoner (RR) rate is referred to as the Circle Rate, but in Delhi, the Circle Rate is referred to as the Circle Rate. According to the government, this rate represents the minimum property values in a variety of areas. Every state, every city, and even various neighbourhoods inside those cities have a distinct rate. Officials assess the price of real estate in a certain location by taking into consideration many elements. Based on these considerations, a benchmark is established below which no real estate transaction occurs in that specific neighbourhood. This rate is referred to as the Ready Reckoner rate or Circle rate in the industry. It is the bare minimum on which the government will levy stamp duty and registration costs, as determined by the government.

    How to Calculate Ready Reckoner Rate Pune?

    How To Calculate Ready Reckoner Rate Pune
    Knowing the ready reckoner rate in Pune is easy because of the e-portals that are managed and updated by the government of Maharashtra every month. 

    Suppose you acquired a residential property at a market price of Rs 6,500 per square foot (or Rs 6,500 per square metre). If the ready reckoner rate for the area is Rs 5,500 per sq. ft, you would be required to pay the stamp duty and registration fees on the higher value, which is the market value, to avoid double taxation. In any event, property registration in that area cannot take place if the property’s value is less than the minimum value set by the ready reckoner rate Pune at the time of registration.

    A property’s rental rate is often lower than the current market rate for such property in a given location. Therefore, the rate is evaluated and updated regularly to bring it closer to market rates. State governments want a benchmark such as the ready reckoner rate Pune 2022-23 to guarantee that they do not miss out on an important source of income since real estate transactions take place in the private sector and the price is not always revealed. Most real estate transactions in India are conducted based on the current market pricing in a given location. Based on this circle rate in Pune, the stamp duty and registration costs that the house buyer will pay will be computed. For example, the ready reckoner rate in Aundh Pune decides the circle rate for this area i.e- ₹ 1.04 Lakh for residential flats and ₹ 1.26 Lakh for office property.

    Calculate Ready Reckoner Rate Pune
    Different localities in Pune have different RR rates because of the change in residential and commercial prices of the localities.

    So, when the interest rate differential between the reserve and the market is large, it reduces government revenues. Stamp duty and registration costs will be computed using the RR rate in rare circumstances when the redirection rate in Pune is greater than the current rate. However, increasing registration fees deter property purchasers from putting their homes on the market. The state government may promote transparency in real estate transactions while also ensuring they do not miss out on money by regularly modifying the online ready reckoner Pune rate 2023 and bringing them closer to market pricing in each location. For example, Balewadi ready reckoner rate determines the circle rates in Balewadi which is set at Rs.47,100 – for flats and Rs.73,010Rs.17,830 – Rs.29,480 for residential lands.

    What is the Effect of a Change in the Ready Reckoner Rate on Demand?

    The state governments collect stamp duty and registration fees on the stated value of a property or the circle rate, whichever is greater when it is purchased or sold. These fees are often expressed as a percentage of the total transaction amount, and they vary from state to state. Depending on the state, the fee might be up to 8-10 per cent of the total transaction amount. Despite this, given the downturn in the real estate market during the last five or six years, it is feasible to find a home for less than the ready reckoner rate in Pune in certain areas.

    In circumstances when the actual price paid by a buyer is less than the ready reckoner rate, the property must be registered using the ready reckoner rate as the basis for registration using the Ready Reckoner Maharashtra Mobile App.

    In this way, property buyers and sellers are discouraged from selling or purchasing below the ready reckoner rate Pune IGR. This is because, if they do, the buyer will be required to pay more stamp duty, and the seller will be required to pay additional capital gains tax on any notional profits. It is possible to benefit both buyers and sellers by lowering the ready reckoner rate or putting it in line with the current market pricing, which may assist in rekindling demand in the industry.

    Ready Reckoner Rates: Problem Areas

    Ready Reckoner Rates: Problem Areas
    Despite multiple efforts by the government, there are issues with different taxes and ready reckoner rates in Pune.

    Purchasers often conspire with sellers and agree to register the property at the circle rate to save money on taxes. In contrast, the seller is forced to pay at the current market rate, reducing the buyer’s tax liability. This allows sellers to reduce their capital gains tax liability, allowing purchasers to reduce their stamp duty liability. The buyer pays the remainder of the purchase price to the seller in cash at this point. The authorities suffer an income loss as a result of this. To maintain the ready reckoner land rates in Pune as near the market rate as possible, authorities regularly alter the RR rates.

    Ready Reckoner Rate Pune District – Latest Information

    In June 2021, the Municipal Corporation (MC) proposed to collect property tax based on the most recent ready reckoner rates, which would result in a 14 per cent increase in the amount of property tax collected. The proposal was made before the civic body’s standing committee by the Assessor and Collector Department. The rise, on the other hand, will not affect homes with less than 500 square feet. After receiving the standing committee’s approval, the change of the regulations will become effective on April 1, 2021, and will remain in force until March 31, 2025.

    Redireknar Rate Aundh Pune

    The current rate in Aundh is Rs. 1.04 lakh for residential properties and Rs. 1. 26 lakh for commercial offices. 

    Ready Reckoner Rate Hadapsar Pune

    Hadapsar is an up-and-coming locality in Pune, and the circle rate is Rs. 80,000 for residential flats and Rs 85,000 for offices. 

    Ready Reckoner Rate Dhayari Pune

    Known as Sinhagad annex, the government ready reckoner rates Pune for Dhayari locality in Pune is Rs. 52,000 for residential properties and Rs. 55 000 for commercial offices. 

    Redireknar Rate Warje Pune

    Warje is one of the most in-demand localities in Pune, and the ready reckoner rate for flats is Rs 48,000, and for office, premises is Rs. 68,000.

    Redireknar Rate Karve Nagar Pune

    The average ready reckoner rate in Karvenagar is approximately Rs. 77,500 to Rs. 1.31 lakh.

    Ready Reckoner Rate Balewadi Pune

    Closer to the Pune-Mumbai highway, Balewadi’ ready reckoner rate for residential properties is Rs. 57, 000 and for commercial office spaces is Rs, 85,000.

    Redireknar Rate Lohegaon Pune

    Knowing that Pune International airport is the home, the ready reckoner rate in Lohegaon for flats is Rs. 65,000 and for offices is Rs. 87,000. 

    Redireknar Rate Katraj Pune

    The ready reckoner rate in Pune for Katraj locality ranges between Rs. 54,000 for residential properties and Rs. 76, 000 for commercial properties. 

    Ready Reckoner Rate Kharadi Pune

    Kharadi is one of the biggest IT parks in the city, and the ready reckoner rate for residential flats is 51,000 and for offices is Rs. 73, 600.

    Ready Reckoner Rate Hinjewadi Pune

    The circle rate for residential flats in Hinjewadi is Rs. 53,780 and for offices is Rs. 88, 500. 

    Ready Reckoner Rate Undri Pune

    One of the most prominent localities in the PCMC area, the ready reckoner rate Pune for Undri locality is Rs. 49, 450 for apartments and Rs. 61,000 for offices. 

    Redireknar Rate Rahatani Pune

    The ready reckoner rate Pune for Rahatani locality residential flats is Rs. 39,760 and for commercial offices is Rs 63, 500. 

    Ready Reckoner Rate Manjri Pune

    Manjri is one of the hottest localities in Pune, and the circle rate is Rs. 55,000 for residential flats and Rs 65,000 for offices. 

    Redireknar Rate Viman Nagar Pune

    Popularized as the student capital of Pune, the current ready reckoner rate in Pune for residential flats in Viman Nagar is Rs 38,040, and for commercial offices, the rate Rs. 75,420.

    Redireknar Rate Dhanori Pune

    The ready reckoner rate in Pune for the dhanori area residential flats is Rs. 46, 640 and for commercial properties is Rs. 76,190.

    Apart from knowing the ready reckoner rate in Pune, there are several other taxes and administration fees that one needs to pay before finalizing the buying or selling of the property. Searching for properties that perfectly suit your requirements is easy and quick if you have NoBroker to help you. Enter the key details about the property in the mobile application or web portal and find hundreds of properties within seconds! If you need to consult an expert, comment below this article and our executive will be in touch with you shortly.

    FAQ’s 

    Q1. How does the Ready Reckoner rate play a role in real estate transactions? 

    Ans. While RR rates establish the bare minimum amount at which properties in a certain region may be sold, there is no maximum value over which a property cannot be sold in a given area. As a result, there is a large disparity between the ready reckoner rate in Pune and the market rates.

    Q2. Why did CREDAI make amendments in the ready reckoner rate Pune 2022-23?

    Ans. CREDAI and NAREDCO proposed that appropriate amendments be made to the income tax laws and changes to ready reckoner rates as Real estate developers were struggling to maintain profit margins since there was no more room to lower prices.

    Q3. What is the best place to obtain ready reckoner rates?

    Ans. The tariffs for the ready reckoner rate in Pune are revised regularly by the government. The Maharashtra government’s department of registration and stamps is in charge of creating an Annual Statement of Rates, often known as ready reckoner rates, published every year.

    Q4. What is the significance of Ready Reckoner rates for the first-time homebuyer?

    Ans. RR rates for houses in a certain location are an excellent indicator of how much money a prospective home buyer will have to spend on a property. When the RR rate is anticipated to be raised, market rates for properties will nearly always be higher, and property values in the surrounding region will tend to rise. Therefore, it is also advantageous for purchasers to acquire property in an area where the difference between the RR and market rates is comparatively less. 

    Q5. Can you sell a house for less than the ready reckoner rate?

    Ans. This might result in a tax burden being imposed on both the buyer and seller if the transaction value is less than the current ready reckoner rates by 10% or more in a given area. Accordant to Section 43CA of the Income Tax Act, selling real estate at a price that is at least ten per cent lower than the ready reckoner rate, also known as the circle rate, can result in a penalty of 35 percent of the difference between the original price and the revised price, as well as other consequences. It will also apply to the person who purchases the property.

    Property Tax Pune – How to Pay Property Tax Online

    Property Tax Pune – How to Pay Property Tax Online

    The Pune Municipal Corporation Property or PMC has kept the process of paying property tax simple and straightforward. If it’s your first-time paying property tax or if you have never paid property tax online, we hope this will guide you through the process.

    Methods to Pune Municipal Tax

    1. PMC Mobile Application (Pune Connect): Download the user-friendly PMC mobile app from Google Play Store or the Apple App Store. Choose from multiple payment options, including credit cards, debit cards, net banking, and IMPS.
    2. PMC Website (www.punecorporation.org): Visit the PMC website to pay property tax using various methods such as card payments, digital wallets, net banking, electronic bill presentment, and IMPS.
    3. In-person at Banks: If you prefer not to pay house tax Pune digitally, visit partnered banks (HDFC, ICICI, Bank of Maharashtra, Yes Bank, Cosmos, etc.) to make payments through RTGS/NEFT, cash/cheque, or standing instructions.

    Property Information Required

    To pay your property tax online in Pune, you’ll need to have the following property information readily available:

    • 1. Property Location:
      • Address of the property, including the street name, area, and ward details.
    • 2. Property Area:
      • Total land area of your property, typically in square feet or square meters.
    • 3. Built-Up Area:
      • The total built-up area of your property, including all structures and buildings.
    • 4. Usage or Purpose of the Property:
      • Specify whether the property is used for residential, commercial, industrial, or other purposes.
    • 5. Year of Construction:
      • The year when the property was constructed or built.
    • 6. Property Identification Details:
      • These details may include Section ID, Peth ID, and Account Number, which are used to uniquely identify your property within the municipal records.
    • 7. Property Type:
      • Indicate the type of property, such as residential, commercial, or industrial.
    • 8. Locality:
      • The specific locality or area where your property is situated.
    • 9. Total Plinth Area:
      • The total floor area of the property, including all floors and structures.
    • 10. Age of the Property:
      • The age of the property in years since construction.

    https://propertytax.punecorporation.org/OnlinePay/PROP_DUES_DETAILS.aspx

    Pune Municipal Tax Calculation

    PMC property tax bill is calculated using the following formula:

    Property tax = Tax Rate x Capital Value

    Capital Value = Base Value x Built up area x Usage x Building type x Age factor x Floor factor

    Use the Pune Municipal Corporation online portal to calculate your property tax. Provide data on locality, area, usage, type, total plinth area, and age of the property.

    How to Pay PMC Property Tax Bill Online?

    Paying your property tax online in Pune has been made simple and convenient by the Pune Municipal Corporation (PMC). Follow these step-by-step instructions to successfully make Pune property tax online payment:

    Step 1: Gather the Necessary Information

    Before you begin, make sure you have the following information on hand:

    1. Property details, including location, area, usage, and year of construction.
    2. Property identification details such as Section ID, Peth ID, and Account Number.

    Step 2: Visit the PMC Website

    Go to the official PMC website at www.punecorporation.org

    Step 3: Access Property Tax Payment Section

    Navigate to the property tax payment section on the website. Look for a link or tab related to “Property Tax” or “Online Payment.”

    Step 4: Enter Property Details

    Provide the required property details, such as your property’s identification numbers (Section ID, Peth ID, Account Number) and other relevant information.

    Step 5: Calculate Property Tax

    Use the online calculator provided by PMC to calculate your property tax based on the information you’ve entered. The calculator will generate the amount you need to pay. Find your property tax dues details.

    Step 6: Choose Payment Method

    Select your preferred payment method. PMC offers various options, including:

    1. Credit cards
    2. Debit cards
    3. Net banking
    4. Digital wallets
    5. Electronic bill presentment
    6. IMPS (Immediate Payment Service)

    Step 7: Make the Payment

    Once you’ve selected your payment method, follow the on-screen instructions to enter your payment details and complete the transaction securely.

    Step 8: Receive Payment Confirmation

    After successfully completing the payment, you should receive a confirmation receipt. This receipt may also be available for download or printing.

    Step 9: Save Receipt and Verify

    Save a copy of the payment receipt for your records. Make sure to verify that the payment has been successfully processed.

    Step 10: Check for Future Payments

    Depending on the PMC’s system, you might need to make periodic property tax payments. Keep track of due dates and set reminders to ensure timely payments in the future.

    Offline Payment Options

    1. Apart from online methods, you can also pay property tax offline through various channels:
    2. Visit any PMC ward office or citizen facilitation center.
    3. Authorized bank offices (Bank of Maharashtra, Cosmos, HDFC, ICICI).
    4. Self-service tax kiosks.

    When is the due date to pay property tax in Pune and what are the penalties and rewards?

    It is important to pay your property tax on time, if you miss the deadline you will end up having to pay extra because of penalties and fines.

    • If you are paying tax in the first half year (from April 1st to September 30th) the due date is 31st May.
    • If you are paying tax in the second half year (from October 1st to March 31st) the due date is 31st of December.

    If you don’t pay on time, you will have to pay an extra 2% monthly in addition to your property tax.

    Read: An Insight on the Cost of Living in Pune

    Rebates for Timely Payment:

    1. Residential properties and non-residential plots with annual rateable value up to Rs 25,000: 10% discount on general tax
    2. Annual rateable value above Rs 25,000: 5% discount on general tax
    3. Residential properties with solar, vermiculture, and rainwater harvesting systems: 5% discount on municipal tax (excluding water and government tax)

    What are the exemptions or concessions available when you pay your property tax?

    There are a few properties that don’t have to pay property tax, and there are a few people who are allowed concessions when they pay their property tax, for example –

    According to PMC – if the property is utilised for worship, public or religious purposes and registered with the charity commissioner as a charitable institute/trust, these properties are not required to pay property tax.

    According to PCMC – a 50% concession is given on the general tax of a property that is owned by ex-servicemen/freedom fighters/their wives. You can get a 40% rebate if the property is registered in the name of people who are disabled above 40%.

    Note : All images are taken from propertytax.punecorporation.

    Pune Property Tax: Tips to Remember

    1. Pune Municipal Corporation is responsible for all homes, businesses, and other structures, as well as for vacant areas. The method used to determine a tax on any property is a capital-based valuation system.
    2. The revenue department’s ready reckoner, which is used to determine stamp duty, is used to determine the property tax, which is based on a percentage of the property’s actual value.
    3. You have until May 31 to make your first half-year (April to September) property tax payment. To avoid penalties, the second half (October to December) must be paid in full by December 31. In the event that the payment of property taxes is postponed, a penalty of 2% is assessed monthly starting on July 1 for the first half-year and January 1 for the second half-year.
    4. Additionally, there are tax rebates available if you pay your property tax by the due dates.

    NoBroker allows you to buy, sell, and rent out your properties with ease. If you want to know more about our services in Pune just visit www.NoBroker.in today. Start saving 1000s of Rs. On brokerage when you use our site.

    If You are a property owner, list your property for rent or sale free of cost on NoBroker.com It’s fast and easy without a broker.

    FAQs

    1. Where can I pay my property tax in Pune?

    You can pay your property tax in any bank that has tied up with PMC to collect property tax, you can also pay it online on the PMC Pune Connect app and now, you can even pay property tax from your mobile phone through Google Pay! All you need is your property ID and the rest is simple.

    2. How can I pay my property tax online in Pune?

    You can pay your property tax using the PMC online portal. All you need are your property details and you can pay your tax in less than 2 minutes!

    3. Why does everyone have to pay property tax?

    If you own a house, then as a law-abiding citizen you need to pay your property tax. If you don’t pay your tax on time you might have to pay a huge fine. But, having said this, there are also exemptions and concessions available. Read the article to find out more.

    4. How can I find out how much my property tax amount is?

    This article tells you exactly how PMC calculates how much property tax homeowners have to pay. PMC also allows you to calculate property tax online, all you need to do is to enter details of the locality, area, usage, type, total plinth area and age of the property. This will give you the exact amount that you need to pay.

    5. Can I get a discount on paying property tax in Pune?

    If you live in a housing society that has a rainwater harvesting system and/or a solar water heating system, then you could get a rebate from PMC of up to 5%.

    FSI In Pune 2024: Calculate FSI In Pune Municipal Corporation

    FSI In Pune 2024: Calculate FSI In Pune Municipal Corporation

    FSI is a very common real estate term used very often to describe a property. FSI in Pune city refers to the ratio between the complete built-up area of a plot and the available plot area. The guidelines for FSI for residential building in Pune are determined by the government of the region and follows the National Building Code for the entire process. FSI is also commonly known as Floor Size Ratio or Floor Area Ratio as per the region of usage. 

    Know More About What is FSI in Pune?

     FSI in Pune
    What is FSI in Pune

    In Pune, the Floor space index is amended every few years and for property owners in Pune, it is absolutely necessary to stay up to date with the latest guidelines and new FSI rules in Pune. Floor Space Index Pune is a very important parameter for the government to keep a track of the development and redevelopment projects undergoing in the city. The government needs to track these details as any city has limited space. With such limited space and a growing population, the government keeps track of the FSI Pune value. 

    FSI Calculator Pune: How to Calculate Floor Space Index Pune?

     FSI in Pune
    (Calculate Floor Space Index Pune)

    If you are wondering how to calculate FSI in Pune, the floor space index value of different properties in Pune can be equal if the building size differs visually. Based on the new floor space index rules in Pune, it can be calculated as:

    Floor Space Index = Total area of the building floor/Gross Plot Area

    Key outcomes:

    • The ratio of square footage refers to the exact proportion of the entire useable surface area of a particular building in comparison to the total area of the land.
    • A larger ratio would, in all likelihood, be indicative of a region that is heavily urbanised or has a dense population.
    • The FSI would be significantly different for different types of structures, such as residential, industrial, agricultural, or commercial land, depending on the type of land.

    The FSI of a place can differ significantly based on certain factors. Generally, the factors that are considered include parameters like construction exercises, population dynamics, growth models and the nature of the space. Even the type of land can significantly affect FSI value depending on whether it is a residential, agricultural, commercial or industrial plot. Even the type of land can significantly affect FSI value as well as premium FSI charges calculation, depending on whether it is a residential, agricultural, commercial or industrial plot.

    The floor space index in Pune is considered to be one of the very crucial factors for the city’s development. A low barrier is a real estate limitation as it complicates the process of construction. The real estate industry wants a higher FSI for the lands so that direct benefits can be extended to the estate developer. This will result in the strengthening of the housing sector and more houses can be constructed in the same space, leading to higher sales. A higher FSI also equated to more demand in the area. Currently, the floor space index for redevelopment in Pune is 1.10.

    Online FSI Calculator

    FSI calculators have become valuable tools for individuals and real estate professionals alike. These calculators, available on various online platforms, offer a convenient way to estimate Floor Space Index for a given property. By inputting relevant details such as plot area, construction type, and location, users can quickly obtain an approximation of the FSI, aiding in informed decision-making during property transactions and development projects. 

    How Much FSI is Allowed in Pune?

     FSI in Pune
    (How Much FSI is allowed in Pune)

    The Pune government follows a transit-oriented development approach. This allows the Pune government to keep the maximum floor space index in the city at 4.  The floor space index in Pune in 2022 is 1.10. The FSI score of the areas of Pune can be categorised as:

    Width of the road (in meters)Minimum size of the plot (sq. m.)Maximum FSI Permissible
    9 – 12 mBelow 1,0002
    12 – 18 m Above 1,0002.5
    18 – 24 m Above 2,0003
    24 – 30 mAbove 3,0003.5
    30 m & above Above 4,0004
    (Figures for FSI for residential buildings in Pune)

    Area-wise FSI in Pune 2024

    Here is the floor space index in Pune for some of the top areas:

    • FSI in Baner: 1.10
    • FSI in Kotrud: 1.10
    • FSI in Lohegaon: 1.10
    • FSI in Wagholi: 1.10
    • FSI in Hadapsar: 1.10
    • FSI in Hinjewadi: 1.10

    What is the Most Significant Benefit of the FSI? 

     FSI in Pune
    (Benefits of the FSI)

    The FSI may be regarded as a major real estate limitation but it has many benefits for a progressing city like Pune:

    • Managing the ratio between open space to developed space to an optimum level.
    • Managing the city’s ecosystem and space.
    • Measure a project’s stable development
    • Managing the right balance between the supported, planned growth & development is very necessary

    Ancillary FSI in Pune

    Ancillary FSI, or ancillary area Floor Space Index, refers to an additional floor space allowance beyond the basic FSI (Floor Space Index) granted for a construction project. In the context of Pune, ancillary area FSI is allowed up to 60% of the proposed FSI in the development permission, with the possibility of an extension to 80% for non-residential use. This additional FSI incurs a premium payment, which varies based on the local authority or area. 

    The Ancillary FSI charges in Pune differs across regions, such as 15% for Pune and Thane Municipal Corporation, 10% for Nagpur, Nashik Municipal Corporation, and others. 

    Ancillary FSI is integrated into the overall FSI calculation, including permissible FSI, premium FSI, TDR, and additional FSI. The purpose of ancillary FSI is to provide flexibility for certain constructions, allowing for increased floor space beyond the basic limits, subject to premium payments and local regulations.

    With so many developing areas, Pune has emerged as one of the most preferred cities to live in. FSI in Pune is the maximum permissible area allowed by the Municipal Corporation for development. Based on the guidelines set by the government, these parameters keep changing from time to time.
    Therefore, navigating FSI nuances alone can be challenging.  NoBroker, with its legal expertise, simplifies the complexities, ensuring a smooth journey through Pune’s real estate landscape. Consult NoBroker today to experience a hassle-free approach to all your property concerns.

    Frequently Asked Questions

    Q1. How can I buy FSI in Pune?

    Ans. Paid FSI in Pune is available with the Planning Authority. At present, Pune’s paid FSI charges are calculated depending on the ready reckoner rates of a plot. Based on the higher scope of work, the premium FSI rate in Pune is also charged. Paid FSI in Pune is almost equal to 50% value of ready reckoner of a land.

    Q2. What is the FSI for redevelopment in Pune?

    Ans. FSI for redevelopment in Pune is the same as regular FSI, i.e. 1.10

    Q3. Are balconies and common spaces included in FSI?

    Ans. No, FSI only considers the gross floor area and hence doesn’t include any balconies, exterior spaces, common areas and driveways. 

    Q4. What is meant by permissible FSI?

    Ans. Permissible FSI refers to the maximum floor area that is officially permitted to be developed. The permissible FSI varies for different properties based on the location. 

    Q5. What is FSI in Pune?

    Ans. Currently, FSI in Pune is set at 1.10.

    Property Card in Pune: The Official Record of Ownership

    Property Card in Pune: The Official Record of Ownership

    A property card is an official document stating ownership of a property. It contains important information about the property like carpet area, amenities and bank loans against the property. A property Card Pune serves a similar purpose. Property Cards were launched through the centre’s ‘SVAMITVA Scheme’ that aims at empowering the weaker sections of the societies by using the property as a financial asset for taking loans and other such benefits. Let’s take a look at Property Card, Pune in detail

    What Is a Property Card/ Malmatta Patrak/ Sampatti Card?

    A Property Card is a relatively urban concept. Launched under the centre’s ‘SVAMITVA Scheme’, a Property Card is an official document stating details about the property such as ownership records, carpet areas, amenities available etc. Property Card is called ‘Malmatta Patrak’ or ‘Sampatti Card’ in the state of Maharashtra. It is a useful document used by the local authorities to maintain important records about any property falling in the urban limits of Maharashtra. Whereas, in rural areas, a 7/12 extract is considered as an official record. 

    What Is a Property Card/ Malmatta Patrak/ Sampatti Card?
    Property Card, Pune is an official document stating ownership of premises in Pune City.

    PMC Property Card

    The Property Card for flat owners in Pune is issued by the Pune Municipal Corporation. The Pune Municipal Corporation’s Property Card contains a list of holding of the owners and other important property details. A Property Card is also known as Malmatta Patrak in Pune.

    Importance Of Property Card Pune

    A Property Card is a very important document for residents of Pune aiming to purchase a property or land, as it is mandatory to check the property card as an important proof if property ownership. In fact, the guidelines of a property card keep expanding including details such as the area, mortgage, loans taken, any previous owners, etc. so that more and more transparency is brought into the process, and the probability of frauds are minimal.

    What Are the Details Included in Property Card?

    The property cards are an important holder of information about the owner, the property, the history of ownership of the property in the past, as well as the history of land holdings in the surrounding urban areas. Also known as Malmatta Patrak, a.k.a Mahabhulekh property card Pune certifies the real landowner, helps detect any false claims on a property, is used for litigations in the court regarding land issues, and even prevent any legal hassle altogether for the property in the future. Essentially, the key details included in a Property Card, Pune are:

    • Owner’s Name along with history of ownership
    • City Title Survey (CTS) number of the land (search for city survey Utara online Pune to know more)
    • Exact Location of the land
    • Plot number
    • Area of land in square meter
    • Details of litigations (closed and pending)
    • Encumbrance and mutation record
    • Details of loans taken by the landowner from Government agencies.
    • Details of unpaid taxes pending on the land.

    Features Of Property Card, Pune: 

    A property card is an important official document that is required for a lot of transactional and verification purposes. Since Property Cards or Malmatta Patrak in Pune contain details like ownership records, address, tax and loan details etc., it helps the government in creating a database of flat owners with their details. Some important uses of a Property Card, Pune is:

    Read: Circle Rates Gurgaon 2022: A Guide to Property Registration Process in Gurgaon 2022

    1. Buying a land
    2. Buying a Flat
    3. Resolving Court Litigations

    The process for applying for a Property Card in Maharashtra is fairly simple. Let’s take a look at how to apply for a Property Card in Pune

    How To Apply for Property Card Pune Online

    How To Apply For Property Card In Pune
    Mahabhulekh Property Card, Pune can be viewed at AAple Sarkar, Government of Maharashtra’s official website.

    The Government of Maharashtra has made it very easy to apply for and view property cards. 

    For convenience, the property card application is collected through both online and offline modes. 

    In-Person Application

    1. Applications for Property Card, Pune can be made in person in the offices of the Land Record Department of Maharashtra.
    2. Fill out the application with all the required documents
    3. Fill in other information if required. 
    4. Post successful verification of your application and submitted documents, the authorities will issue your 
    5. After the authorities validate your application and the documents that are submitted, they will issue a certified copy of the Property Card in the Pune Suburban District.

    CTS Number:

    You will be required to fill out the City Title Survey number in your application. CTS number is a unique identification number registered against your property. If you are wondering how to find the CTS number of property in Pune online, you can simply view your City Survey Number Online in Pune or visit the CTS Office (CTSO). If needed, you can find your CTS number online in Pune too

    How To View & Download Property Card Online Pune

    How To View & Download Property Card Online Pune
    A property owner can apply, view, and download their property card in just a few simple steps

    If you are wondering about how to get Property Card online in Pune, simply follow the steps below as the entire procedure can be completed on Maharashtra Government’s Aaple Sarkar website, i.e. https://aaplesarkar.maharashtra.gov.in/en/. You can also easily view property card online Pune city as well through the process:

    1. The applicant will need to apply with his information through the website. They can create a user ID and set credentials. 
    2. The applicant can log in using the credentials and fill out the form accordingly. 
    3. Submit the application.
    4. After applying, the applicant will receive a confirmation number for future reference. 
    5. The portal also allows the applicant to track application status under the “Track your Application” section. The online property card Pune can be downloaded and used for relevant purposes.

    The user can now view their name in the Revenue Department Property Card details.

    Details Required to Apply for a Property Card:

    • Ward number
    • City survey number
    • Final plot number and description if any
    • Map
    • Vasalewar
    • Mutation number
    • Property card (Number of copies)
    • Enquiry Register Extract (number of copies)
    • Office order date and number of copies

    How To View Property Card Pune Online?

    After successful completion of the procedures, a user can view Digital Property Card Online in Pune City through the Mahabhulekh (Maharashtra Bhumi Abhilekh) Portal. The Mahabhulekh property Card, Pune will give you all the information about your property. To view Property Card online in Pune:

    1. Visit the official website of Mahabhulekh Property Card, Pune.
    2. Toggle down and choose your district.
    3. After redirection, click on the view property card section and select your property details from the drop-down menu.
    4. The user can view their Online Property Card, Pune. 

    Best Way to View Pune Property Cards Online

    After completing the necessary procedures, users of the Mahabhulekh (Maharashtra Bhumi Abhilekh) portal can view property cards in Pune online. Pune’s Mahabhulekh property card can give you all the details you require about your house. Go to http://www.propertycard to view an online property card for Pune.

    • Go to the official Mahabhulekh Property Card website in Pune.
    • Swipe down to select your district.
    • Pick your property details from the drop-down menu in the “view property card” section after being redirected.
    • Online access to the user’s Pune Property card is available.

    How To Download Property Card Pune Online?

    Property Card can be viewed and downloaded on the official website of Mahabhulekh

    Users can download their Property Cards online on mahabhumi.gov.in. By filling out the details about the property and filling out the CTS number, the applicant can download the property card online in Pune city. 

    Conclusion: A Property Card has emerged as a very important financial asset for the weaker sections of the society in the state of Maharashtra. With a Property Card, Pune flat owners can avail benefits against their properties. Getting a Property Card, however, requires a lot of paperwork and the rules and regulations keep getting updated. What you need is an expert on your team. With NoBroker’s expert consultation, you can make sure your property papers are always flawless and you have all the legal guidance you require. Just drop in a comment below this blog and our experts will get in touch with you. Or click this link to get your legal queries solved: 

    FAQ’s

    Q1. What is a Property Card in Pune City?

    Ans. Launched under the centre’s ‘SVAMITVA Scheme’, a Property Card is an official document stating details about the property such as ownership records, carpet areas, amenities available etc. Property Card is called ‘Malmatta Patrak’ or ‘Sampatti Card’ in the state of Maharashtra.

    Q2. What are the special features of a Property Card?

    Ans. A property card is an important official document that is required for a lot of transactional and verification purposes. Since Property Cards or Malmatta Patrak in Pune contain details like ownership records, address, tax and loan details etc., it helps the government in creating a database of flat owners with their details. Some important uses of a Property Card, Pune is:
    Buying a land
    Buying a Flat
    Resolving Court Litigations

    Q3. How do you apply for a Property Card in Pune?

    Ans. The Government of Maharashtra has made it very easy to apply and view property cards. For convenience, the property card application is collected through both online and offline modes. 

    Q4. How can a user view property cards online in Pune?

    Ans. After successful completion of the procedures, a user can view Property Card Online in Pune City through the Mahabhulekh (Maharashtra Bhumi Abhilekh) Portal. The Mahabhulekh property Card, Pune will give you all the information about your property. To view Property Card online in Pune:
    1. Visit the official website of Mahabhulekh Property Card, Pune.
    2. Toggle down and choose your district.
    3. After redirection, click on the view property card section and select your property details from the drop-down menu.
    4. The user can view their Online Property Card, Pune. 

    Q5. What are the details required while applying for Property Card, Pune?

    Ans. Details Required to Apply for a Property Card:
    1.Ward number
    2. City survey number
    3. Final plot number and description if any
    4. Map
    5. Vasalewar
    6. Mutation number
    7. Property card (Number of copies)
    8. Enquiry Register Extract (number of copies)

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