Mumbai ready reckoner rates 2025-26
The government’s official circle rates (Annual Statement of Rates) — the valuation floor generally used for stamp duty — for every zone in Mumbai. Residential, commercial and land rates, per sq.ft and per sq.m.
Source: Department of Registration & Stamps, Maharashtra. Dataset reviewed by the MPE property advisory team on 22 July 2026. Confirm the applicable ASR year, zone and statutory charges with IGR Maharashtra before a transaction.
Rate map of Mumbai
Every locality coloured by its median government residential rate (₹/sq.ft, 2025-26). Tap a point for its rate, projects and the valuation planner.
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Ready reckoner vs resale asking rate
The ready-reckoner rate is a government valuation floor, while advertised resale prices usually sit higher. Across the covered Mumbai localities, recent MPE resale asking rates are a median 104% above the ready-reckoner rate. This compares advertised asking levels—not registered transaction prices—by area (residential, 2025-26).
| Locality | Ready reckoner | Resale asking rate | Asking premium |
|---|---|---|---|
| Tardeo | ₹16,481 | ₹53,288 | +223% |
| Prabhadevi | ₹19,089 | ₹57,213 | +200% |
| Chembur | ₹13,385 | ₹40,000 | +199% |
| Santacruz West | ₹17,114 | ₹50,392 | +194% |
| Bandra West | ₹20,126 | ₹58,333 | +190% |
| Malad West | ₹12,686 | ₹28,225 | +122% |
| Mulund West | ₹13,221 | ₹28,370 | +115% |
| Santacruz East | ₹17,250 | ₹37,000 | +114% |
| Malad East | ₹11,719 | ₹24,500 | +109% |
| Borivali West | ₹15,348 | ₹31,350 | +104% |
| Jogeshwari | ₹14,308 | ₹29,220 | +104% |
| Khar West | ₹28,496 | ₹58,039 | +104% |
| Vile Parle West | ₹22,657 | ₹45,991 | +103% |
| Borivali East | ₹15,982 | ₹31,386 | +96% |
| Andheri West | ₹18,243 | ₹35,483 | +95% |
| Vile Parle East | ₹18,484 | ₹33,333 | +80% |
| Andheri East | ₹16,197 | ₹28,566 | +76% |
| Goregaon East | ₹16,996 | ₹28,848 | +70% |
| Kandivali East | ₹15,826 | ₹26,429 | +67% |
| Kandivali West | ₹15,418 | ₹25,373 | +65% |
| Lower Parel | ₹29,488 | ₹46,546 | +58% |
| Bandra East | ₹36,765 | ₹46,656 | +27% |
Ready reckoner = median government ASR residential rate for the locality (per sq.ft). Resale asking rate = median advertised rate from MPE listings during the last 18 months (22 localities with enough observations). Asking rates are seller expectations, not proof of the final registered consideration.
Valuation & transaction-cost planner
This is a planning tool, not a statutory quote. Use the higher applicable valuation basis and enter the duty rate and registration fee confirmed for your instrument, property and buyer category. Check the current position on IGR Maharashtra or with a qualified professional.
Mumbai’s highest reckoner rates, 2025-26
| Area / zone | District | Residential ₹/sq.ft |
|---|---|---|
| Jamandas Mehta marg, L.Jagmohandas marg, (Nepeansea road)mukesh chowk, B J kher marg. · zone 7/61A | Mumbai City | ₹80,926 |
| Walkeshwar Road (Teen Batti to Rajbhavan). · zone 7/66C | Mumbai City | ₹78,875 |
| Bhulabhai Desai Road (Nepean Sea Road) vatsalabai desai chowk to mukesh chowk · zone 7/61 | Mumbai City | ₹77,824 |
| Walkeshwar Road (Tembe Chowk to teen Batti). Mumbai Stamp Duty Ready Reckoner 2025-26 by Sampat & Do · zone 7/66B | Mumbai City | ₹73,702 |
| West, South and East division boundary on North August Kranti Marg and Pandita Ramabai Marg. All the · zone 7/66 | Mumbai City | ₹69,826 |
| (Land) The property is bounded by Bal Gangadhar Kher Marg on the east, Nepeansi Road on the west, Va · zone 7/66I | Mumbai City | ₹69,826 |
| (Land) The property is bounded by Nepeansea Road to the east, the seashore to the west, the boundary · zone 7/66H | Mumbai City | ₹69,826 |
| (Land) Property bounded by Pandita Ramabai Marg (from Sitaram Patkar Marg) on the east, Babulnath Ro · zone 7/66J | Mumbai City | ₹69,826 |
What is the ready reckoner rate?
The ready reckoner rate (also called the circle rate or ASR — Annual Statement of Rates) is the minimum value the Maharashtra government sets for property in each zone. The stamp-duty valuation basis generally uses the higher of your agreement price or the applicable reckoner value.
Rates are revised yearly by the Department of Registration & Stamps (IGR Maharashtra) and vary by zone, building type and use. On this page they are shown per sq.ft (converted from the official per-sq.metre basis) for 2025-26, across 2 Mumbai districts.
Frequently asked questions
What is the ready reckoner rate?
The ready reckoner rate (also called the circle rate or ASR) is the minimum value the Maharashtra government sets for property in each zone. Stamp duty valuation generally uses the higher of your agreement price or the applicable reckoner value.
How is stamp duty calculated in Mumbai?
Stamp duty is generally calculated on the higher of the agreement value or the applicable Maharashtra Annual Statement of Rates value. The rate and registration charge depend on the location, buyer category, instrument and current government rules; verify the transaction on the IGR Maharashtra portal.
