Average Ready Reckoner rate for a flat in Lakshmi Nagar area
₹2,335 per sq ft
₹25,135 per sq m
- Range by zone
- ₹1,829–₹3,117
- Zones
- 6
- Applicable from
- 1 Apr 2025
Lakshmi Nagar Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,335 per sq ft
₹25,135 per sq m
Range by zone ₹1,829–₹3,117
Open land (plot)
₹735 per sq ft
₹7,913 per sq m
Range by zone ₹344–₹1,473
Office
₹2,683 per sq ft
₹28,875 per sq m
Range by zone ₹2,103–₹3,577
Shops
₹2,918 per sq ft
₹31,405 per sq m
Range by zone ₹2,286–₹4,108
Flat rates in the Lakshmi Nagar locality range from ₹1,829 to ₹3,117 per sq ft (₹19,690 to ₹33,550 per sq m), depending on the zone. The highest is “Developed plots facing the highway” (zone 1.115/69); the lowest is “Inner plots (away from main road)” (zone 1.110/16C).
Zone wise Ready Reckoner rate in Lakshmi Nagar area
Ready Reckoner for Lakshmi Nagar area has 6 zones. They are described by roads, not plot numbers, so type your road, society or landmark in the box below to find yours.
No match? Take the CTS number from your property card to the Sub-Registrar office, and they can tell you the zone code to type here.
Still not sure? The Akola Sub-Registrar office can confirm which zone it will use for your property. Our guide on finding your Ready Reckoner zone shows how to match your documents to a zone. If you think the value is too high, you can ask for it to be fixed under section 31 of the Maharashtra Stamp Act before you register. If the Collector fixes a higher value under section 32A, you can appeal within 60 days under section 32B.
Nothing matches. Try a road, landmark or society name from your agreement, or ask the Sub-Registrar office for the zone code.
| Zone | Area covered | Flat₹/sq m | Open plot₹/sq m | Office₹/sq m | Shop₹/sq m |
|---|---|---|---|---|---|
| 1.110/16C | Inner plots (away from main road) | 19,690 | 3,700 | 22,640 | 24,610 |
| 1.111/16D | Inner plots (away from main road) | 19,910 | 3,970 | 22,880 | 24,860 |
| 1.112/57 | Inner plots (away from main road) | 19,690 | 5,800 | 22,640 | 24,610 |
| 1.114/68 | Interior plots (Lakshmi Nagar) | 32,890 | 13,500 | 37,820 | 41,110 |
| 1.115/69 | Developed plots facing the highway | 33,550 | 15,855 | 38,500 | 44,220 |
| 1.116/69 | Inner plots (away from main road) | 30,360 | 10,025 | 34,870 | 37,950 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Lakshmi Nagar falls in a municipal corporation, a council or a village. It is charged on your agreement value or Ready Reckoner value, whichever is higher, and registration fee is 1%, capped at ₹30,000. Here are the figures for a 1,000 sq ft flat at this area's average flat rate.
- Ready Reckoner value
- ₹23.4 lakh
- 1,000 sq ft × ₹2,335 per sq ft
- Every 1% of stamp duty
- ₹23,350
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹23,350
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Lakshmi Nagar depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹23.4 lakh, use the stamp duty calculator for Lakshmi Nagar area to see what you will pay on your actual price.
Buying a resale flat
New and resale flats in the same zone have the same Ready Reckoner rate. At the average ₹2,335 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹23.4 lakh, the least the government accepts when the sale is registered. Ready Reckoner guidelines lower the value of the building as it gets older and raise it on higher floors in buildings with a lift, so two resale flats in one zone can differ a little. The price you agree with the seller is often higher, and banks lend on their own valuer's report, not on Ready Reckoner rate.
Lakshmi Nagar Ready Reckoner rate FAQs
What is Ready Reckoner rate in Lakshmi Nagar per sq ft?
About ₹2,335 per sq ft (₹25,135 per sq m) for a flat in Lakshmi Nagar on average. Zone rates run from ₹1,829 to ₹3,117 per sq ft, so use the rate for your own zone.
Which part of Lakshmi Nagar has the highest Ready Reckoner rate?
Zone 1.115/69, “Developed plots facing the highway”, at ₹33,550 per sq m (about ₹3,117 per sq ft). The lowest is zone 1.110/16C, “Inner plots (away from main road)”, at ₹19,690 per sq m.
Is stamp duty in Lakshmi Nagar charged on Ready Reckoner rate or my agreement price?
On your agreement price, unless Ready Reckoner value is higher. A 1,000 sq ft flat at Lakshmi Nagar's average flat rate has a Ready Reckoner value of about ₹23.4 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Lakshmi Nagar changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Lakshmi Nagar's average flat rate stays at ₹25,135 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Lakshmi Nagar on carpet or built-up area?
Built-up area. The ASR guidelines convert carpet area with a factor of 1.1 or 1.2, depending on the area and year. So a 1,000 sq ft carpet flat counts as about 1,100 to 1,200 sq ft built-up. At Lakshmi Nagar's average ₹2,335 per sq ft, that is roughly ₹25.7 lakh to ₹28 lakh.
What is Ready Reckoner rate for shops in Lakshmi Nagar?
About ₹2,918 per sq ft (₹31,405 per sq m) on average, around 1.2 times the flat rate. Offices average ₹28,875 per sq m.
Ready Reckoner rates in other Akola taluka areas
Umri Pragane Akola
Akola · flat ₹2,800/sq ft, 20% higher than Lakshmi Nagar
Akkalkot
Akola · flat ₹1,850/sq ft, 21% lower than Lakshmi Nagar
Akola Gaothan
Akola · flat ₹2,289/sq ft, similar rate
Kaulkhed
Akola · flat ₹2,381/sq ft, similar rate
Khadki Budruk
Akola · flat ₹2,248/sq ft, similar rate
Malipura
Akola · flat ₹2,432/sq ft, similar rate
See all 62 areas on the Akola Ready Reckoner rate page, or compare Lakshmi Nagar with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Akola, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in