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Circle Rate in Pune

The circle rate in Pune is the minimum value of property transactions established by the government. Also known as the ready reckoner rate, it plays a major role in Pune's real estate market. The circle rate helps calculate stamp duty and registration fees, ensuring fair property valuation and transparent transactions. However, the circle rate in Pune varies for different localities and depends on factors like infrastructure, location, and property type. Therefore, it's essential to understand the ready reckoner rate in Pune when buying or selling a property in the city.

Current circle rate list in Pune 2024

Here are the current ready reckoner rates in Pune in 2024:

Circle rates in Pune for commercial plots in 2024

Circle rates for commercial properties in Pune are typically higher due to their higher income-generating potential. On the other hand, residential plots in Pune typically have lower circle rates, making them more accessible for homebuyers. The rates will also be higher for some high-demand regions and areas in emerging tech hubs.

Here are the circle rates for commercial properties in Pune in 2024:
 

Location Commercial circle rate (in Rs.) Residential circle rate (in Rs.)
Ambegaon Khurd 49,910 - 55,720 19,540 - 19,540
Ambegaon Budruk 71,610 - 80,000 16,120 - 23,630
Anudh 1,56,210 - 1,111,600 15,980 - 91,960
Akrudi 50,000 - 1,32,090 6,280 - 32,000
Balewadi 75,000 - 1,21,340 17,830 - 29,480
Baner 81,130 - 1,44,770 19,690 - 31,800
Bhavani Peth 74,370 - 1,80,700 14,480 - 59,210
Bhosari Vibhag 47,170 - 89,490 10,080 - 20,970
Bibvewadi 76,740 - 2,11,220 8,340 - 35,300
Bopkhel 43,370 - 51,200 2,640 - 4,300
Bopodi 89,800 - 1,33,440 9,000 - 28,420
Budhwar Peth 1,24,570 - 2,33,860 31,820 - 57,800
Borhadewadi 51,360 - 52,320 3,940 - 8,450
Charoli Budruk 45,290 - 47,900 3,150 - 6,780
Chinchwad 56,440 - 1,61,960 11,640 - 38,380
Chovisawadi 46,620 - 51,200 3,140 - 3,910
Dapodi 83,760 - 1,32,260 8,800 - 20,390
Dhankawadi 65,750 - 1,40,670 11,370 - 26,220
Dhanori 56,290 - 1,18,630 8,720 - 20,790
Dhayari 58,650 - 64,780 18,280 - 22,200
Dighi 45,820 - 45,820 2,830 - 6,790
Dudulgaon 51,200 - 53,510 1,330 - 4,080
Erandwane 1,31,870 - 3,48,840 31,790 - 68,770
Ganj Peth 75,440 - 1,19,190 29,640 - 39,320
Ganesh Peth 1,12,080 - 2,15,730 33,590 - 59,930
Ghorpadi 83,660 - 1,77,270 3,360 - 57,220
Guruwar Peth 1,00,370 - 1,62,460 33,290 - 44,240
Gultekedi 1,16,600 - 2,46,820 26,570 - 36,940
Hingne Budruk Kanvernagar 1,25,000 - 1,78,380 34,500 - 44,030
Hadpsar 62,000 - 1,37,080 16,700 - 29,700
Kalas 44,670 - 78,140 7,840 - 17,370
Kasba Peth 1,12,990 - 1,84,520 27,510 - 55,880
Khadaki Cantonment 43,820 - 77,160 9,750 - 17,350
Katraj 64,110 - 1,00,340 9,500 - 26,180
Kiwale 48,000 - 60,000 2,900 - 8,640
Kharadi 50,920 - 92,470 8,040 - 29,960
Kondhwa Khurd 58,000 - 1,34,110 14,000 - 21,040
Kondhwa Budruk 60,980 - 84,960 15,860 - 17,520
Kothrud 79,700 - 2,60,700 20,530 - 44,730
Lohegaon 49,140 - 1,15,900 8,180 - 28,750
Mangalwar Peth 76,810 - 1,55,320 17,840 - 37,690
Mohammadwadi 53,720 - 99,670 15,410 - 22,000
Mamurdhi 41,530 - 48,570 2,570 - 3,940
Moshi 44,500 - 71,950 4,320 - 15,180
Mundhwa 97,860 - 1,39,850 21,910 - 33,110
Nigdi 58,410 - 1,03,450 10,360 - 18,780
Nana Peth 73,060 - 1,98,210 16,390 - 50,450
Parvati 98,160 - 2,65,050 5,200 - 38,880
Pashan 1,12,000 - 1,50,830 4,810 - 31,170
Pimple Gurav 49,440 - 96,480 5,590 - 19,830
Pimple Nilakh 60,730 - 81,770 7,740 - 25,130
Pimple Saudagar 54,580 - 1,05,600 8,100 - 28,720
Pimpri Waghire 57,860 - 1,44,640 8,230 - 37,460
Rahatni Kale Wadi Vibhag 55,120 - 89,120 6,330 - 19,360
Rasta Peth 90,120 - 1,70,310 15,550 - 35,540
Ravet 52,750 - 63,170 4,120 - 16,680
Raviwar Peth 97,960 - 2,35,300 32,360 - 66,570
Sadashiv Peth Navi Peth Dattawadi 1,27,250 - 3,12,550 23,490 - 80,770
Sangvi 44,890 - 72,060 ,010 - 18,910
Shaniwar Peth 1,09,010 - 2,68,020 29,630 - 62,930
Somwar Peth 1,14,230 - 1, 89,710 18,970 - 46,180
Shukrawar Peth 1,11,300 - 2,84,780 15,150 - 58,240
Talwade 43,760 - 49,920 2,390 - 5,610
Location Commercial circle rate (in Rs.) Residential circle rate (in Rs.)
Undri 65,000 - 92,150 19,910 - 20,430
Wadgaon Budruk 48,370 - 92,470 7,080 - 26,310
Wadgaon Khurd 55,990 - 1,19,160 9,190 - 26,280
Wadgaon Sheri (Ram Wadi) 50,010 - 1,85,910 7,780 - 2,420
Wanwadi 92,920 - 1,85,750 10,000 - 72,980
Warje 72,650 - 1,27,380 2,130 - 24,410
Yerwada 75,810 - 2,43,730 13,330 - 46,370

Circle rates for agricultural land in Pune

Circle rates for agricultural land in Pune are typically lower than those of commercial and residential properties. Moreover, they also depend on several factors like the location, accessibility, and potential for development. Agricultural lands near urban areas generally have higher circle rates due to increased demand for conversion to residential or commercial use.

On the other hand, if the land is located in remote or rural regions, its circle rate will be lower due to lesser demand.
 

Circle rates in Pune according to age factor

The age and condition of the property also significantly affect its circle rate in Pune. Generally, newer properties have higher circle rates due to their modern infrastructure and higher appeal to buyers. They often attract higher market demand, making them more desirable and increasing the circle rate.

On the other hand, older properties have lower circle rates as their value depreciates over time. Moreover, they may also require repairs and renovations, which can affect their marketability. Older properties also lack modern facilities, reducing their appeal and, thus, their circle rate.

How to calculate property value in Pune using the circle rate for stamp duty payment?

Determining a property's value using the circle rate can help you calculate the applicable stamp duty charges. You can calculate this with the following formula:

Property Value = Circle Rate per square foot/meter x Total built-up area of the property

Multiplying the circle rate by the built-up area gives you an estimate of the property value. You can then use this information to calculate the stamp duty, which is a percentage of that property value. Make sure to check with local authorities or talk to a real estate expert to understand the latest regulations.

Formula for calculating property value

You can easily calculate the property value in Pune using the circle rate through the following formula:

Property Value = Circle Rate per square foot/meter x Total built-up area of the property

What does the circle rate in Pune depend upon?

The circle or ready reckoner rate in Pune depends on multiple factors, such as the property's location, type, and age. Properties in prime areas or closer to major commercial hubs have higher circle rates than in the outskirts or less developed regions. Additionally, commercial and residential properties have higher circle rates than agricultural properties.

Newer properties also have higher circle rates as they have modern amenities and better infrastructure, making them more appealing to buyers. On the other hand, older properties have depreciated value and require more maintenance, making them less attractive and reducing their circle rates.

Age factor and its impact on circle rates in Pune

The age of a property is an essential factor that can influence the circle rates in Pune. Older properties generally have lower rates as they lack the modern amenities and construction quality of newer buildings. Moreover, they may have higher wear and tear or require significant renovations, reducing their overall value.

Older properties, despite being located in a prime area, will have a lower circle rate due to depreciation. This ensures buyers are not overpaying for properties that may need significant investment in upgrades or repairs.

Understanding the significance of circle rate in Pune for real estate transactions

The circle rate in Pune is a government-determined minimum price for property transactions. It ensures transparent and fair property valuations by setting a base price below which no property can be sold or purchased. The circle rate helps prevent undervaluation during transactions and is used to calculate important fees like stamp duty and registration charges. The circle rate also helps determine the home loan eligibility and maximum loan amount a buyer can borrow.

Disclaimer: The rates can vary at the discretion of the state government. Kindly check the official website for existing rates.

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