The world of real estate is full of nuances. It is essential to understand these intricacies, particularly when dealing with matters related to property prices. Read this blog to gain a better understanding of Maharashtra’s Ready Reckoner Rates.
For the financial year 2026–27, the Government of Maharashtra has made no changes to the Ready Reckoner Rates. At first glance, this might not seem like major news. However, for those contemplating buying or selling property, such a decision holds significant importance.
When prices remain constant, it generally implies that the government has not imposed any additional financial burden. Buyers need not worry that their stamp duty obligations will rise simply because the base value has suddenly increased. Those who had been deferring their decision to purchase property can now move forward with confidence. This fosters an atmosphere of stability and trust—qualities that the market often requires.
For sellers as well, this situation eliminates any potential confusion. There is no need to hastily adjust property prices simply because the government’s valuation has changed. Matters can proceed at a steady and predictable pace.
- No Change in RR Rates: Stamp Duty Calculations Remain Unchanged
- Easier Decisions: Buyers Find Some Relief
- Stable Market: Fewer Sudden Price Fluctuations
- Better Planning: Both Buyers and Sellers Know What to Expect
In Maharashtra, rates were last revised on March 31, 2022. In Thane, Navi Mumbai, Pune, Panvel, and all other municipalities, rates have increased by an average of 8.80%. However, in Mumbai, the Ready Reckoner rates will remain unchanged. This blog provides information regarding Ready Reckoner rates in Maharashtra, the factors influencing these rates, and how to check the Ready Reckoner rates on the Maharashtra government’s website.
What is the Ready Reckoner Rate?
The Ready Reckoner (RR) rate represents the minimum property value fixed by the Government of Maharashtra for every specific locality. It serves as a benchmark price used to calculate stamp duty and registration charges during property transactions.
This implies that no property can be legally registered at a price lower than its corresponding RR rate, even if the buyer and seller have mutually agreed to a lower transaction value. If the actual transaction price falls below the RR rate, the government will nonetheless calculate the stamp duty based on the higher RR value.
These rates are revised annually and published by the Inspector General of Registration and Stamps (IGR), Maharashtra, typically in April each year. Buyers can access the official portal of the Maharashtra Department of Registration and Stamps to view the updated RR rates for any specific locality online.
Since RR rates serve as a benchmark, it is always advisable to consult with a professional or reach out to local real estate agents to gain a clear understanding of the disparity between the actual transaction price and the government’s valuation.
Benefits of the ready reckoner rates in Maharashtra.
- Property Valuation: In Maharashtra, Ready Reckoner Rates assist individuals in determining the accurate market value of a property. These rates are established by the Government of Maharashtra, taking into account various factors such as the property’s area, size, location, and more. A comprehensive list of Ready Reckoner Rates for all cities is available on the Maharashtra government’s official online portal; you may visit the website to access this information. In this post—immediately following the list of Circle Rates—we have outlined the complete procedure to help you easily ascertain the Ready Reckoner Rates in Maharashtra.
- Revenue Generation: In Maharashtra, Ready Reckoner Rates facilitate the state government in generating revenue through Stamp Duty and other property registration charges. The state government assesses these Ready Reckoner Rates based on distinct property categories, such as flats, buildings, apartments, and plots.
- Registration Costs: The list of Ready Reckoner Rates in Maharashtra specifies the fixed values applicable to property registration. Buyers are required to pay these charges to register a property in their own name following its purchase. We will also guide you on how to calculate the applicable Stamp Duty and registration charges in Maharashtra based on the prevailing Ready Reckoner Rates.
Ready Reckoner Rates in Maharashtra for 2026
The increase in rates in some major cities of Maharashtra is listed below.
| City | Revised rate |
| Mumbai | 3.39% |
| Thane | 7.72% |
| Amravati | 8.03% |
| Pune district | 6.12% |
| Rural area | 1.74% |
| Municipal Corporation Areas | 5.95% |
Premium on Ready Reckoner Rate Maharashtra
In Maharashtra, a premium of up to 20 percent is levied on Ready Reckoner rates. This premium applies only to high-rise buildings in Mumbai, Nashik, Navi Mumbai, and Pune. These charges are listed below:
| Floors | Premium Charged |
| Up to 4th floor | Nil |
| 5th to 10th floor | 5% |
| 11th to 20th floor | 10% |
| 21st to 30th floor | 15% |
| 31st floor and above | 20% |
Ready Reckoner Rates in Maharashtra for 2026
We recommend that you check the ‘Ready Reckoner Rates‘ in Maharashtra before purchasing any property. These rates provide an accurate estimate of property values, enabling you to negotiate accordingly.
Listed below are the Ready Reckoner Rates for select cities in Maharashtra. We have listed the rates for specific localities here; you can find more detailed information in our city-specific blogs.
Ready Reckoner Rates in Mumbai
Here are the average rates for some of the prominent areas in Mumbai:
| Area | Flats And Apartments (Rs. Per Square Meter) | Office (Rs. Per Square Meter) |
| Andheri East | Rs 1.14 Lakh – Rs 2.44 Lakh | Rs 1.25 Lakh – Rs 2.68 Lakh |
| Andheri East Kurla Road | Rs 1.08 Lakh – Rs 1.58 Lakh | Rs 1.43 Lakh – Rs 1.74 Lakh |
| Andheri East Marol | Rs 92,100 – Rs 1.57 Lakh | Rs 1.11 Lakh – Rs 1.78 Lakh |
| Andheri Oshiwara | Rs 1.01 Lakh – Rs 2.37 Lakh | Rs 1.21 Lakh – Rs 2.61 Lakh |
| Andheri Varivali | Rs 1.45 Lakh – Rs 1.73 Lakh | Rs 1.66 Lakh – Rs 1.90 Lakh |
| Andheri Versova | Rs 1.49 Lakh – Rs 2.09 Lakh | Rs 1.64 Lakh – Rs 2.60 Lakh |
| Andheri West | Rs 1.38 Lakh – Rs 2.10 Lakh | Rs 1.56 Lakh – Rs 2.60 Lakh |
| Bandra East | Rs 1.11 Lakh – Rs 2.90 Lakh | Rs 1.30 Lakh – Rs 3.27 Lakh |
Circle Rates in Pune
The Circle Rates/Ready Reckoner Rates for major localities in Pune are provided below.
| Area | Flats And Apartments (Rs. Per Square Meter) | Office (Rs. Per Square Meter) |
| Akrudi | Rs 42,230 – Rs 57,480 | Rs 45,470 – Rs 72,890 |
| Ambegaon Budruk | Rs 53,000 – Rs 62,540 | Rs 59,140 – Rs 63,500 |
| Ambegaon Khurd | Rs 47,720 – Rs 49,890 | Rs 47,250 – Rs 51,080 |
| Aundh | Rs 54,450 – Rs 1.04 Lakh | Rs 87,100 – Rs 1.26 Lakh |
| Bhosari Vibhag | Rs 40,770 – Rs 52,090 | Rs 43,380 – Rs 53,030 |
| Budhwar Peth | Rs 53,350 – Rs 69,110 | Rs 82,670 – Rs 1.39 Lakh |
| Charoli Budruk | Rs 40,840 – Rs 46,070 | Rs 42,470 – Rs 46,350 |
| Chinchwad | Rs 44,070 – Rs 60,320 | Rs 50,080 – Rs 71,530 |
| Dhankawadi | Rs 38,240 – Rs 78,440 | Rs 55,080 – Rs 96,100 |
| Erandwane | Rs 73,170 – Rs 1.40 Lakh | Rs 1.11 Lakh – Rs 1.83 Lakh |
| Ghorpadi | Rs 53,150 – Rs 1.48 Lakh | Rs 55,750 – Rs 1.76 Lakh |
| Gultekedi | Rs 79,630 – Rs 91,980 | Rs 90,670 – Rs 1.43 Lakh |
| Hingne Budruk Kanvernagar | Rs 77,500 – Rs 91,500 | Rs 98,450 – Rs 1.34 Lakh |
| Kalas | Rs 38,400 – Rs 52,290 | Rs 39,190 – Rs 57,960 |
| Khadaki Cantonment | Rs 37,120 – Rs 44,870 | Rs 39,570 – Rs 53,500 |
| Kondhwa Budruk | Rs 40,360 – Rs 56,250 | Rs 43,050 – Rs 61,910 |
| Lohegaon | Rs 36,040 – Rs 75,420 | Rs 40,950 – Rs 96,650 |
| Mamurdhi | Rs 36,400 – Rs 42,300 | Rs 36,980 – Rs 44,550 |
| Parvati | Rs 71,900 – Rs 1.13 Lakh | Rs 85,760 – Rs 1.63 Lakh |
| Pashan | Rs 50,870 – Rs 88,170 | Rs 78,780 – Rs 1.09 Lakh |
| Pimpri Waghire | Rs 41,260 – Rs 67,460 | Rs 45,100 – Rs 73,460 |
| Rahatni Kale Wadi Vibhag | Rs 39,700 – Rs 67,430 | Rs 43,040 – Rs 69,210 |
| Ravet | Rs 46,630 – Rs 57,060 | Rs 47,670 – Rs 58,410 |
| Sangvi | Rs 41,530 – Rs 57,190 | Rs 43,230 – Rs 62,630 |
| Talwade | Rs 38,890 – Rs 41,270 | Rs 42,400 – Rs 42,610 |
| Undri | Rs 49,330 – Rs 60,450 | Rs 53,360 – Rs 73,780 |
| Wadgaon Khurd | Rs 40,610 – Rs 71,760 | Rs 46,050 – Rs 99,360 |
| Wanwadi | Rs 54,310 – Rs 75,930 | Rs 72,660 – Rs 1.20 Lakh |
| Yerwada | Rs 42,380 – Rs 97,350 | Rs 62,000 – Rs 1.67 Lakh |
Ready Reckoner Rates in Navi Mumbai
The table provides the Ready Reckoner rates for some of the prominent localities in Navi Mumbai.
| Name | Residential | Industrial |
| Airoli | Rs 80300 | Rs 85700 |
| Kopar khairne | Rs 87700 | Rs 101900 |
| Ghansoli | Rs 76300 | Rs 91500 |
| Vashi | Rs 103000 | Rs 120200 |
| Sanpada | Rs 102000 | Rs 116500 |
| Nerul | Rs 43000 | Rs 55500 |
| New Panvel | Rs 58800 | Rs 71400 |
| Ulwe | Rs 58800 | Rs 71400 |
| Dronagiri | Rs 58800 | Rs 71400 |
| Taloja | Rs 56100 | Rs 65400 |
| Kharghar | Rs 88700 | Rs 97600 |
Ready Reckoner Rates in Thane
The Ready Reckoner rates for well-known localities in Thane are provided below.
| Name | Residential | Industrial |
| Bhiwandi | Rs 40600 | Rs 47700 |
| Murbad | Rs 32700 | Rs 37300 |
| Shahpur | Rs 36300 | Rs 42000 |
| Ulhasnagar (CAMP A-CAMP-3) | Rs 42600 | Rs 49500 |
| Ambernath | Rs 46500 | Rs 51900 |
| Kalyan | Rs 69100 | Rs 77700 |
| Thane | Rs 83800 | Rs 105200 |
Ready Reckoner Rates in Nashik
The Ready Reckoner rates for major areas of Nashik are provided below.
| Name | Residential (per hectare) |
| Indira Nagar | Rs 5,77,000- Rs 7,15,000 |
| Wadgoan | Rs 11,96,000- Rs 18,00,000 |
| Sadgoan | Rs 812000- Rs 933000 |
| Kashyapnagar | Rs 812000- Rs 933000 |
| Kalvi | Rs 1020000- Rs 1395000 |
Ready Reckoner Rates in Nagpur
The Ready Reckoner rates for the main areas of Nagpur are provided below..
| Name | Residential (per sq ft) |
| Anant Nagar | Rs. 3,300 – 3,650 |
| Arya Nagar | Rs. 3,400 – 3,800 |
| Bajaj Nagar | Rs. 7,050 – 8,250 |
| Chinchbhavan | Rs. 3,900 – 4,650 |
| Chinchbhuwan | Rs. 3,700 – 4,250 |
| Civil Lines | Rs. 6,800 – 9,150 |
| Friends Colony | Rs. 4,250 – 5,000 |
| Jamtha | Rs. 3,150 – 3,350 |
| Koradi Road | Rs. 3,350 – 3,850 |
| Laxminagar | Rs. 6,600 – 8,050 |
| Nrendra Nagar Extension | Rs. 4,650 – 5,700 |
| Raj Nagar | Rs. 6,250 – 7,450 |
| Ring Road | Rs. 3,350 – 4,250 |
| Sadar | Rs. 6,600 – 8,350 |
| Umred Road | Rs. 3,250 – 4,150 |
| Wathoda | Rs. 3,250 – 4,250 |
| Zingabai Takli | Rs. 3,400 – 3,750 |
Ready Reckoner Rates for Aurangabad
Listed below are the residential Ready Reckoner rates for major localities in Aurangabad.
| Name | Residential (per hectare) |
| Adgaon Sark | Rs 805000-Rs 1135000 |
| Aurangpur | Rs 1030000- Rs 1295000 |
| Gopalpur | Rs 1670000- Rs 2400000 |
| Alampur | Rs 1030000- Rs 1295000 |
Ready Reckoner Rates for Ratnagiri
The table provides the residential Ready Reckoner rates for Ratnagiri.
| Name | Residential (per sq feet) |
| Dapoli Camp | Rs 3,733 |
| Zadgaon | Rs 3,500 – 4,246 |
| Khed | Rs 2,278 – 3,000 |
| Khedashi | Rs 2,641 – 2,842 |
| Nachane | Rs 2,941 – 4,923 |
| Patwardhan Wadi | Rs 2,909 – 4,232 |
| Chiplun | Rs 3,175 – 9,314 |
| Bahadur Shaikh | Rs 2,545 |
| Markandi | 2,576 – 2,930 |
Ready Reckoner Rates in Jalgaon
The Ready Reckoner rates for Jalgaon are provided below.
| Name | Residential (per sq ft) |
| Kadagaon | Rs 4,25,000 – Rs 5,51,000 |
| Kandari | Rs 3,48,000 – Rs 4,70,000 |
| Kinod | Rs 3,98,000 – Rs 5,27,000 |
| Chincholi | Rs 4,25,000 – Rs 5,51,000 |
| Ghardi | Rs 3,98,000 – Rs 5,27,000 |
| Dapore | Rs 3,78,000 – Rs 5,14,000 |
| Devgaon | Rs 3,98,000 – Rs 5,27,000 |
| Bhagpur | Rs 3,27,000 – Rs 4,40,000 |
| Nadgaon | Rs 3,98,000 – Rs 5,27,000 |
| Jamod | Rs 3,98,000 – Rs 5,27,000 |
| Shelgaon | Rs 3,98,000 – Rs 5,27,000 |
| Raipur | Rs 3,27,000 – Rs 4,40,000 |
| Jalke | Rs 3,48,000 – Rs 4,70,000 |
| Vidgaon | Rs 4,25,000 – Rs 5,51,000 |
| Bilkhede | Rs 3,48,000 – Rs 4,70,000 |
| Karanja | Rs 4,25,000 – Rs 5,51,000 |
| Subhashwadi | Rs 3,48,000 – Rs 4,70,000 |
How the Ready Reckoner Rate Affects Your Stamp Duty
| The Golden Rule for Calculating Stamp Duty. Stamp duty is calculated on whichever is higher of the following two values: Higher Value = MAX (Agreement Value, Ready Reckoner Rate × Property Area). Example 1: If RR Rate × Area = ₹90 lakh but the property is purchased for ₹85 lakh, stamp duty will be calculated on ₹90 lakh.Example 2: If the value of the agreement is ₹1 crore, but the RR value is ₹80 lakh, the stamp duty will be calculated on ₹1 crore. Simple Rule: Stamp duty is always levied on the higher value—whether it is the agreement value or the Ready Reckoner value. Buyers considering purchasing a home in the mid-to-premium segment may also look at luxury homes in Mumbai to understand how Ready Reckoner (RR) rates impact high-value properties. |
How to Get Ready Reckoner Rates on IGR Maharashtra
To make these rates accessible to everyone, the Government of Maharashtra has launched an online system available in both English and Marathi. You can view Maharashtra’s circle rates on the website of the Department of Registration and Stamps. Additionally, you can visit the Sub-Registrar’s office in your city to obtain an updated Ready Reckoner rate list from the authorized officials there.
You can access Maharashtra’s Ready Reckoner rates—both online and offline—in just a few simple steps. The procedure for doing so is outlined below.
Find Ready Reckoner Rates in Maharashtra Online
Step 1: Visit the official website of the Registration and Stamps Department, Maharashtra. Now, scroll down to navigate to the “Stamps” section.
Step 2: Select the ‘e-ASR’ option located in the middle section under “Stamps.” Click on the e-ASR 1.9 option from the drop-down menu. The e-ASR (2.0) option is also available, but it is currently in the Beta phase. You may also find other options such as About, User’s Guide, and FAQs. You can select any of these options based on your requirements. The User Guide option provides a detailed procedure for determining Ready Reckoner Rates in Maharashtra.
Check the Ready Reckoner rate in Maharashtra online by clicking on the e-ASR option
Step 3: As soon as you select ‘Process’, a map of Maharashtra will open on a new webpage. On this map, you will need to click on the name of the city for which you wish to view the ‘Ready Reckoner Rates’ in Maharashtra.
Step 4: Next, select the Taluka and Village from the drop-down menu. For example, if you select ‘Mumbai Suburban’ as the District and ‘Juhu’ as the Village/Zone, the ‘Ready Reckoner Rates’ (ready valuation rates) for residential, office, shop, and industrial properties in the Juhu area will be displayed.
Find Ready Reckoner Rates in Maharashtra Offline
Step 1 – To obtain an offline list of Ready Reckoner rates in Maharashtra, visit the Sub-Registrar’s office in your city and contact an authorized person.
Step 2 – Next, provide the details of your property (such as location, area, owner’s name, city, etc.) to obtain the circle rate for that property in Maharashtra.
Step 3 – Obtain the Ready Reckoner Rate List and search for your property within it to access the necessary information.
Resource for Ready Reckoner Rates in Maharashtra
Before buying or selling any property, you should be aware of the Ready Reckoner Rate applicable to your locality. Ascertaining the Ready Reckoner Rate is quite simple with the help of available resources. You can check the rates on the website: https://igrmaharashtra.gov.in/. Additionally, you may visit the Sub-Registrar’s office to find out the Ready Reckoner Rate. A representative at the office will request details such as the location, neighborhood, owner’s name, city, and other relevant information.
Charges to know the Ready Reckoner Rate in Maharashtra
The Government of Maharashtra does not charge any fee to check the Ready Reckoner rates in the state. You can easily view these rates on an online portal or visit the Sub-Registrar’s office. You are not required to pay any fee for this service.
Ready Reckoner Rates in Maharashtra: Real Estate Impact
The new Ready Reckoner rates in Maharashtra have impacted the state’s real estate market. Due to these rates, finding affordable properties in certain specific areas has become challenging for some buyers. However, in areas where rates have decreased, the demand for properties has risen. The new rates have had the most significant impact on affordable housing. In some regions, the rates are so high that it has become difficult for developers to launch affordable housing projects. Consequently, there has been a slowdown in the construction of such projects.
Can I Challenge or Appeal Ready Reckoner Rates in Maharashtra?
If you own any property or land in Maharashtra and believe that the 2024 Ready Reckoner rates are incorrect or unfair, you can challenge them or file an appeal against them. However, this process can be time-consuming and complex. This is because you may require the assistance of a lawyer or a property consultant.
Since this is a complex legal matter, it is advisable to seek professional advice if you wish to challenge these rates.
How Ready Reckoner Rate Maharashtra Impacts Property Prices?
Ready Reckoner Rates have a significant impact on property prices in Maharashtra. They also influence trends within the real estate market.
Property Valuation and Pricing: Ready Reckoner Rates establish a minimum value for a property for legal transactions. This implies that buyers and sellers must declare the property transaction at this rate or higher. This serves as a baseline for property pricing.
Stamp Duty and Registration Costs: Stamp duty is calculated based on either the Ready Reckoner Rate or the actual transaction value, whichever is higher. When these rates rise, buyers are required to pay more in the form of stamp duty and registration fees. This increases the overall cost of the transaction. The higher transaction costs resulting from increased stamp duty can act as a deterrent for buyers.
Mortgage and Loan Valuation: Financial institutions utilize Ready Reckoner Rates as a benchmark for property valuation. They refer to these rates when assessing eligibility for mortgages. Higher rates can increase the perceived value of mortgaged properties, thereby making it possible to secure larger loans. Conversely, lower rates may limit the loan amount available.
Conclusion to the Ready Reckoner Rate Maharashtra
In brief, the Government of Maharashtra establishes a minimum rate for real estate, known as the ‘Ready Reckoner Rate.’ These rates are not uniform across every city and locality; factors such as location, amenities, and usage are taken into consideration when determining the Ready Reckoner Rates for Maharashtra. Anyone can easily access information regarding these rates by visiting the website of the ‘Department of Registration and Stamps.’ Be sure to consult our rate list before purchasing any property.
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