Koregaon Park area slated to be costliest as per RR

Koregaon Park is slated to be the costliest in the city with the RR rates touching 12,000 sq feet.

By: Express News Service | Pune | Published: January 2, 2015 10:59 am

There is a 14 per cent rise in the ready reckoner rates for the city and 15 per cent rise for Pimpri-Chinchwad areas as per the ready reckoner rates announced on January 1 by the IGR department.

In the Pune division, Pimpri-Chinchwad area has recorded the highest increase, while it is 14 per cent on an average for Sangli, Kolhapur and Solapur as per the rates announced. Koregaon Park is slated to be the costliest in the city with the RR rates touching 12,000 sq feet, followed by Shivajinagar area with 10.175 sq feet.

“With the areas split into zones, we have some parts of the zones record a marginal increase, while there is an increase in some other parts of the area and this has been done after assessing the present rates of the area. The RR is the referential for calculation of land area and flat areas,’’ said State Inspector General of Registration (IGR) Shrikar Pardeshi.

He added that 70 per cent rate instead of 80 per cent would be considered for valuation of banks, hospitals and godowns, while rates for registered IT units would be considered as per industrial rates instead of commercial rates.

The IGR officials have stated zone-wise rates of minimum and maximum rates of the area. Ready Reckoner rates of Ghorpadi zone, which includes Koregaon Park, are between 3,700 to 12,000 sq feet, followed by Shivajinagar’s 3,820 to 10,175 sq feet. Kothrud’s rates are at 5,400-9,600 sq feet, Aundh area’s rates are between 4,800-9,040 sq feet and Baner’s rates are 3,630 to 7,380 sq feet.

The IGR has also considered that for valuation of projects of wind energy and solar energy, twice the rate of agriculture land will be considered instead of non-agriculture rate for first transaction of company.

For all the latest Pune News, download Indian Express App

  1. M
    Mahesh Anand
    Jan 2, 2015 at 3:02 pm
    Aming of wealth only in cities indicates lopsided development and lack of concerted efforts by the Government for overall progress and growth homogeneously.