Anyone registering a plot in Karjat taluka pays stamp duty on whichever figure is higher, the price written into the sale agreement or the Ready Reckoner value for that village. The Ready Reckoner Rate is published by the Maharashtra Department of Registration and Stamps and works as a floor. A plot sold for less than the official value is still taxed as if it had sold at the official value.

The gap between the two numbers explains much of the difference in land registration cost in Karjat from one deal to the next.

How the rate is set
Rates are listed by zone and survey number, so the figure for one village does not carry over to the next. Halivali and Neral, both in Karjat taluka, have separate entries. The rates are published per square metre and revised from time to time. The version in force on the date of registration is the one that applies.

Reading a rate against a price
Land in Karjat is usually discussed in gunthas, acres or square feet, rarely in square metres. One guntha is 1,089 square feet, or about 101 square metres, and 40 gunthas make an acre. A per guntha rate in Karjat, a 1 acre land price in Karjat or a quote per square foot all need converting before they can be set against an official figure. Gated developments tend to quote per square foot. Farmland is more often quoted per guntha.

What registration involves
Stamp duty is the largest part of the cost. A registration fee is paid separately at the sub-registrar's office, and the sale deed has to be registered for the transfer to be recorded. Current Karjat land rates can be looked up on the online portal of the Inspector General of Registration, Maharashtra, by district, taluka, village and survey number.

Plotted projects in Karjat such as BluBayhttps://blubay.in/, which ORA Land is developing across 60 acres in Halivali, state their prices per square foot. BluBay carries a MahaRERA registration under PP1271012600752, and the ownership details of each plot sit in its 7/12 extract.

About ORA Group
ORA Group(https://ora.in/) is a diversified business with its corporate office in Nerul, Navi Mumbai. Its interests include real estate, education, warehousing, hospitality and furniture. The real estate division operates as ORA Realty and ORA Land.