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Ready reckoner rates are crucial for property transactions, aiding in income tax capital gains calculations and stamp duty payments to the state government. These rates are tied to municipal corporation premiums, charges, and floor space index (FSI) rates, typically revised at the start of each financial year.
Pune's property registrations increased by 6.7% in November, reaching 14,607 units and a combined value of Rs 13,342 crores. The city recorded a 9.2% growth in registrations compared to 125,702 registrations in the same period last year. Stamp duty collections also increased by 10%, reaching Rs 4,779 crores in November.
IGR office has hiked leave and license agreement registration documents handling charges by ₹300 and the cost of first sale property registration document handling by ₹1,000