Pune Ready Reckoner Rates 2025-26: Complete Property Registration Guide

The Maharashtra government has announced the Ready Reckoner Rates (RRR) for Pune, effective from April 1, 2025, to March 31, 2026. These rates serve as the foundation for calculating stamp duty and registration fees for all property transactions in Pune real estate market. Understanding these rates is crucial for anyone looking to buy, sell, or invest in Pune's thriving real estate market.

What Are Ready Reckoner Rates?

Ready Reckoner Rates, also called Annual Statement Rates (ASR), are government-determined minimum property values set by Maharashtra's Inspector General of Registration and Controller of Stamps (IGR). These rates establish the baseline for property valuations across different localities, ensuring transparency and preventing undervaluation during property registrations across India.

The rates vary based on multiple factors including location, property type (residential, commercial, or industrial), and built-up area. These government-notified values directly impact your stamp duty payments and property valuation, which typically range from 5% to 7% of the property value, plus a 1% registration fee.

Key Highlights of Pune Ready Reckoner Rates 2025-26

The latest revision brings several important changes for Pune's property market:

Statewide and Local Increases: Maharashtra recorded an average rate increase of 4.39% across the state. In Pune Municipal Corporation (PMC) areas, the average hike stands at 4.16%, while Pimpri-Chinchwad Municipal Corporation (PCMC) areas saw a higher increase of 6.69%.

Infrastructure-Driven Growth: The rate revisions reflect Pune's ongoing infrastructure development, including metro line expansions in Hinjewadi and Kharadi, improved connectivity, and the city's status as a major IT hub. These developments have naturally increased property values across key corridors.

Property Type Variations: Residential properties continue to have lower rates compared to commercial spaces, with differences ranging from 20% to 30%. High-rise buildings in premium locations may attract an additional premium of up to 20% on the base rate.

Zone-Based Structure: Pune is divided into 19 major zones and over 221 sub-zones, with rates varying by taluka (such as Haveli, Pune City, and Pimpri-Chinchwad) and specific survey numbers within each locality.

Understanding the Rate Structure

The Ready Reckoner Rates are calculated per square meter of built-up area, not carpet area or super built-up area. This distinction is important when calculating your total stamp duty liability.

Calculation Method: To determine your property's minimum value for registration purposes, multiply the applicable RRR by your property's built-up area. The stamp duty is then calculated at 6% of this value (or 5% for women buyers who qualify for concessions). An additional 1% registration fee applies to all transactions.

Gender-Based Benefits: Women buyers enjoy a 1% concession on stamp duty for residential properties in Maharashtra's real estate transactions. However, this benefit comes with a 15-year restriction on property resale to prevent misuse of the concession.

Premium Adjustments: Certain factors can increase the base rate, including floor levels in high-rise buildings, corner plots, properties with higher FSI utilization, and locations in premium micro-markets. These premiums are added to the base RRR when calculating final valuations.

Residential Property Rates Across Pune

Here's a comprehensive overview of residential rates in key Pune localities for 2025-26:

Premium Central Pune Localities

Erandwane real estate market leads Pune's residential market with rates ranging from ₹73,200 to ₹1,40,000 per square meter, reflecting its status as one of Deccan's most elite neighborhoods. The area recorded a 4.6% increase from the previous year.

Kothrud property market, another premium locality, shows rates between ₹68,350 and ₹1,14,600 per square meter for apartments, with residential land rates ranging from ₹20,550 to ₹44,750 per square meter. The locality saw a 4.5% increase driven by excellent connectivity.

Aundh real estate market remains highly sought-after with apartment rates between ₹54,450 and ₹1,04,000 per square meter, while residential land commands ₹15,950 to ₹91,950 per square meter. The 4.5% hike reflects its popularity among IT professionals and families.

IT Corridor and Eastern Pune

Hadapsar property market, a major IT employment hub, has rates at ₹80,000 per square meter for residential apartments, up 4.2% from last year. The area continues to attract young professionals working in nearby tech parks.

Kharadi real estate market, home to the EON IT Park and numerous tech companies, shows residential rates between ₹41,250 to ₹71,900 per square meter for apartments, with the average rate at ₹51,000 per square meter. Land rates range from ₹8,050 to ₹30,000 per square meter, with a 4.3% annual increase driven by metro connectivity.

Viman Nagar property market, strategically located near the airport and IT hubs, has apartment rates at ₹38,050 per square meter, recording a 4.3% increase due to improving infrastructure and connectivity.

Yerwada real estate market offers more affordable options with rates ranging from ₹42,400 to ₹97,350 per square meter for apartments and ₹13,350 to ₹46,400 per square meter for land, making it attractive for first-time buyers.

Western Pune IT Hubs

Hinjewadi property market, the heart of Rajiv Gandhi Infotech Park, has residential rates at ₹53,800 per square meter, up 4.5%. Despite being a major IT hub, residential rates remain moderate compared to central Pune, offering good investment potential for homebuyers.

Balewadi real estate market, another IT corridor locality, shows apartment rates at ₹57,000 per square meter and land rates between ₹17,850 to ₹29,500 per square meter, with a 4.3% increase reflecting growing demand.

Baner property market offers varied options with apartment rates from ₹42,800 to ₹83,850 per square meter and land rates between ₹19,700 to ₹31,800 per square meter, catering to diverse budget segments in Pune.

PCMC Areas (Pimpri-Chinchwad)

Chinchwad property market recorded one of the highest increases at 6.7%, with apartment rates ranging from ₹44,100 to ₹60,350 per square meter, reflecting rapid industrial and residential development.

Ravet real estate market shows rates between ₹46,650 to ₹57,100 per square meter with a 6.5% increase, driven by metro connectivity projects and proximity to IT hubs.

Sangvi has rates from ₹41,550 to ₹57,200 per square meter with a 6.4% hike, benefiting from improved infrastructure and growing commercial activity.

Talwade, an emerging locality, offers more affordable rates between ₹38,900 to ₹41,300 per square meter despite a 6.3% increase, making it suitable for budget-conscious buyers.

South Pune Localities

Undri property market presents affordable options with rates from ₹49,350 to ₹60,450 per square meter and a moderate 4% increase, attracting first-time buyers and investors looking for appreciation potential.

Katraj real estate market has rates at ₹54,000 per square meter with a 3.8% increase, offering good connectivity to both IT hubs and central Pune.

Dhayari on Sinhagad Road shows rates at ₹52,000 per square meter with a 3.7% increase, one of the lower hikes in the city, suggesting stable market conditions.

Warje property market offers rates at ₹48,000 per square meter with a 3.9% increase, providing affordable options with good social infrastructure.

Other Notable Areas

Lohegaon real estate market, near the airport, has rates between ₹36,050 to ₹75,450 per square meter, with the average at ₹65,000 per square meter, recording a 4.2% increase due to airport road development.

Manjri shows rates at ₹55,000 per square meter with a 4.1% increase, benefiting from proximity to IT parks and improving connectivity.

Kondhwa Budruk property market offers affordable housing with rates from ₹40,400 to ₹56,250 per square meter and a 4% increase, suitable for entry-level buyers.

Commercial Property Rates in Pune

Commercial properties command significantly higher rates than residential properties, reflecting their income-generating potential:

Premium Commercial Zones

Erandwane tops commercial rates with office spaces ranging from ₹1,10,700 to ₹1,82,800 per square meter, and retail spaces commanding ₹1,31,900 to ₹3,48,850 per square meter. The 4.6% increase reflects strong demand for premium commercial spaces.

Aundh shows office rates between ₹87,100 to ₹1,25,850 per square meter, with retail spaces exceptionally high at ₹1,56,200 to ₹11,16,000 per square meter in prime locations, driven by high footfall and affluent demographics.

Kothrud has office rates from ₹69,950 to ₹1,52,850 per square meter and retail spaces from ₹79,700 to ₹2,60,700 per square meter, with a 4.5% increase reflecting strong commercial activity.

IT and Business Hubs

Hinjewadi, serving the IT industry, has commercial rates at ₹88,500 per square meter with a 4.5% increase, catering primarily to tech companies and support services.

Hadapsar shows uniform commercial rates at ₹85,000 per square meter with a 4.2% increase, benefiting from IT industry growth.

Kharadi offers office spaces between ₹42,450 to ₹83,400 per square meter, averaging ₹73,600 per square meter, with retail spaces from ₹50,950 to ₹92,500 per square meter, recording a 4.3% increase.

Viman Nagar has commercial rates at ₹75,450 per square meter with a 4.3% increase, attracting businesses due to airport proximity.

Traditional and Mixed-Use Areas

Yerwada shows diverse commercial rates from ₹62,000 to ₹1,66,600 per square meter for offices, with retail spaces ranging from ₹75,850 to ₹2,43,750 per square meter, reflecting its mixed residential-commercial character.

Ghorpadi property market has office rates between ₹55,750 to ₹1,76,000 per square meter with a 4.3% increase, serving both local businesses and larger enterprises.

PCMC Commercial Zones

Chinchwad recorded the highest commercial increase at 6.7%, with rates between ₹50,100 to ₹71,550 per square meter, driven by industrial zone expansion.

Ravet shows commercial rates from ₹47,700 to ₹58,450 per square meter with a 6.5% increase, benefiting from new business developments.

Sangvi has rates between ₹43,250 to ₹62,650 per square meter with a 6.4% increase, reflecting growing commercial interest.

Practical Examples: Calculating Your Stamp Duty

Understanding the calculation process helps you budget accurately for your property purchase:

Example 1 - Residential Apartment in Kharadi: Consider buying a 1,000 sq ft (approximately 93 square meters) apartment in Kharadi where the applicable RRR is ₹51,000 per square meter. The minimum property value for registration would be ₹47,43,000 (93 × ₹51,000). If you're a woman buyer, stamp duty at 5% would be ₹2,37,150, plus 1% registration fee of ₹47,450, totaling ₹2,84,600. For male buyers, stamp duty at 6% would be ₹2,84,600, plus registration of ₹47,450, totaling ₹3,32,050.

Example 2 - Commercial Office in Hinjewadi: For a 2,000 sq ft (approximately 186 square meters) office space with an RRR of ₹88,500 per square meter, the minimum value becomes ₹1,64,61,000. Stamp duty at 6% would be ₹9,87,650, plus 1% registration fee of ₹1,64,600, totaling ₹11,52,250 in government charges.

Example 3 - Residential Land in Aundh: Purchasing a 1,500 sq ft (approximately 139 square meters) residential plot with an RRR of ₹30,000 per square meter results in a minimum value of ₹41,70,000. For women buyers, total charges would be ₹2,50,650 (5% stamp duty plus 1% registration). Male buyers would pay ₹2,91,900 (6% stamp duty plus 1% registration).

Example 4 - Budget Apartment in Undri: A 900 sq ft (approximately 84 square meters) apartment in Undri with RRR at ₹49,350 per square meter has a minimum value of ₹41,45,400. Women buyers pay ₹2,48,750 total, while male buyers pay ₹2,90,200, making it more affordable for first-time buyers.

How to Check Exact Ready Reckoner Rates

Finding the precise rate for your specific property is straightforward using the official government portal:

Step 1: Visit the official IGR Maharashtra e-ASR portal at easr.igrmaharashtra.gov.in

Step 2: Select your district (Pune) from the dropdown menu

Step 3: Choose the appropriate taluka (such as Haveli, Pune City, or Pimpri-Chinchwad)

Step 4: Select your specific village or locality from the list

Step 5: Choose the property type (residential, commercial, industrial, or agricultural)

Step 6: Enter the specific survey number or CTS number of your property

Step 7: The portal displays the applicable rate per square meter for your exact location

Important Verification Tips: Rates can vary significantly within the same locality based on survey numbers, so always verify using your specific CTS or survey number. For properties in development zones, check if any additional premiums apply for FSI or high-rise construction. If you encounter discrepancies, consult the local sub-registrar office for clarification.

Impact on Different Stakeholders

For Property Buyers

The 4% to 7% rate increase translates to higher upfront costs for stamp duty and registration. A property with a stamp duty of ₹3,00,000 last year would now cost approximately ₹3,12,000 to ₹3,21,000 in government charges.

Women buyers should leverage the 1% stamp duty concession, which can result in substantial savings on residential purchases. However, remember the 15-year resale restriction that accompanies this benefit.

First-time buyers should focus on emerging areas like Undri, Talwade, or Mamurdi property market where rates remain relatively affordable despite increases. These areas also offer good appreciation potential as infrastructure improves.

For Property Sellers and Developers

Higher Ready Reckoner Rates mean higher minimum valuations for your property, which can positively impact capital gains calculations if you're selling after long-term ownership. However, the increased buyer cost may slow transaction volumes in the short term.

Developers should emphasize value additions like amenities, location advantages, and quality construction to justify prices above the minimum RRR in competitive markets.

Properties in established localities with rates significantly higher than nearby areas should highlight premium features and infrastructure advantages to maintain buyer interest.

For Real Estate Investors

The rate revision presents mixed implications for investors. Areas with lower-than-average increases (3.5% to 4%) like Dhayari, Katraj, and Warje might indicate market maturity, while higher increases (6% to 7%) in PCMC areas suggest strong growth momentum.

Investment strategy should consider the gap between current market prices and RRR. Localities where market prices significantly exceed RRR might see correction pressure, while areas with prices close to RRR offer safer entry points.

Commercial properties continue to show stronger appreciation potential than residential, particularly in IT corridors and premium business districts, despite higher initial investment requirements.

Market Trends and Future Outlook

Pune's real estate market has shown remarkable resilience despite the rate increases. Data from the first quarter of FY 2025-26 indicates steady registration volumes of approximately 25,000 units, suggesting buyer confidence remains strong.

IT Industry Impact: Pune's position as a major IT hub continues to drive demand, particularly in Hinjewadi, Kharadi, Hadapsar, and Balewadi. The presence of global tech companies ensures sustained demand for both residential and commercial properties.

Infrastructure Development: Ongoing metro line expansions, airport road improvements, and the Pune Ring Road project are enhancing connectivity across the city. Areas along these corridors are likely to see continued appreciation above the average RRR increases.

Affordable Housing Demand: Despite rate increases, demand for affordable housing remains robust in peripheral areas. First-time buyers continue to enter the market, particularly in localities with rates between ₹40,000 to ₹55,000 per square meter.

Commercial Real Estate: The return to office trend and expansion of co-working spaces have strengthened commercial property demand. Grade A office spaces in premium locations continue to command rental premiums, justifying higher capital values.

Future Rate Projections: Based on historical patterns and infrastructure development timelines, expect similar moderate increases (3% to 5%) in PMC areas and slightly higher hikes (5% to 7%) in PCMC areas for the 2026-27 revision. Areas along upcoming metro phases may see accelerated rate growth.

Tips for Smart Property Investment

Timing Your Purchase: Consider completing property searches and negotiations before the next rate revision (typically announced in March for April implementation). This strategy can help you avoid paying higher stamp duty on the same property.

Location Analysis: Don't focus solely on current RRR; evaluate infrastructure development plans, employment hub proximity, social infrastructure availability, and historical appreciation patterns in the locality.

Verification is Critical: Always verify the exact RRR for your specific survey number before finalizing any property transaction. Small differences in location can result in significant rate variations.

Consider Total Cost: Factor in not just stamp duty and registration but also premiums for high floors, corner plots, parking spaces, and other charges when budgeting for your property purchase.

Professional Consultation: For high-value transactions or complex situations involving multiple property types, consult a registered property valuer who can provide detailed analysis of applicable rates and premiums.

Document Everything: Maintain complete records of RRR verification, calculation worksheets, and payment receipts for stamp duty and registration fees for future reference and potential disputes.

Important Considerations for NRI Buyers

Non-Resident Indians purchasing property in Pune should note that stamp duty rates remain the same regardless of residential status. However, women NRI buyers can also avail of the 1% concession on residential properties.

NRI buyers must comply with FEMA regulations regarding property purchases and ensure proper documentation of fund transfers from abroad. Consider appointing a power of attorney holder in India to facilitate property registration procedures.

Tax implications for NRIs differ from resident Indians, particularly regarding capital gains tax on property sales. Consult a tax advisor familiar with NRI property transactions in both Indian and your country of residence's tax laws before making large property investments.

Conclusion

The Pune Ready Reckoner Rates for 2025-26 reflect the city's continued growth and infrastructure development while maintaining relatively moderate increases compared to other major Indian cities. The 4.16% average increase in PMC areas and 6.69% in PCMC areas strike a balance between generating government revenue and maintaining market accessibility.

Understanding these rates is essential for making informed property decisions, whether you're a first-time buyer, seasoned investor, or property seller. The variation in rates across localities offers opportunities for buyers at different budget levels, from affordable options in emerging areas to premium properties in established neighborhoods.

As Pune continues evolving as a major IT hub with improving infrastructure and connectivity, property values are likely to appreciate steadily. The Ready Reckoner Rate system provides transparency and standardization, helping maintain market stability even as prices rise.

Always verify exact rates through the official IGR portal, consider all associated costs beyond base property prices, and seek professional advice for complex transactions. With proper research and planning, you can navigate Pune's property market successfully and make investments that align with your financial goals.