Ready Reckoner Rate Mumbai Site

For the most accurate and current information, I recommend checking the official website of the Government of Maharashtra or consulting with a local real estate expert or lawyer.

In Mumbai's real estate market, the Ready Reckoner Rate is the government's baseline for taxes—not what you'll actually pay to buy a home. Knowing the RRR helps you budget stamp duty, avoid registration delays, and understand the legal minimum property value in any Mumbai zone.

As of 2023-2024, the RRR in Mumbai varies across different areas and types of properties. Here are some approximate rates: ready reckoner rate mumbai

Alternatively, ask any or bank (SBI, HDFC Ltd.) for a certified RRR statement.

Stamp Duty = (Property Value x Stamp Duty Rate) + (Property Value x Registration Charge) For the most accurate and current information, I

Navigating the RRR is essential for any real estate deal in Mumbai, as it directly impacts your stamp duty, registration fees, and property taxes.

. The Wadhwa Group Ready Reckoner Rates by Area (Sample) These rates vary significantly based on the locality and property type (residential vs. commercial). Houssed +1 Locality Residential (₹ / sq. metre) Office (₹ / sq. metre) Andheri East ₹1.14 Lakh – ₹2.44 Lakh ₹1.25 Lakh – ₹2.68 Lakh Andheri West ₹1.38 Lakh – ₹2.10 Lakh ₹1.56 Lakh – ₹2.60 Lakh Bandra East ₹1.11 Lakh – ₹2.90 Lakh ₹1.30 Lakh – ₹3.27 Lakh Versova ₹1.49 Lakh – ₹2.09 Lakh ₹1.64 Lakh – ₹2.60 Lakh Why These Rates Matter Stamp Duty Calculation: You must pay stamp duty based on either the actual transaction value or the RR rate, As of 2023-2024, the RRR in Mumbai varies

| Locality | RRR (₹/sq.ft.) Residential (approx.) | Market Price (₹/sq.ft.) | | :--- | :--- | :--- | | Malabar Hill | ~45,000 – 60,000 | 1,00,000+ | | Bandra (West) | ~30,000 – 40,000 | 50,000 – 70,000 | | Andheri (East) | ~12,000 – 18,000 | 20,000 – 30,000 | | Thane (Mumbai suburban limit) | ~6,000 – 9,000 | 12,000 – 18,000 |

The Ready Reckoner Rate is the fair market value. It is a tax tool. Relying solely on RRR for pricing or investment decisions can mislead you. For actual transactions, always compare RRR with recent sale deed registrations in the same building/lane.