Average Ready Reckoner rate for a flat in Ratanlal Plot area
₹4,006 per sq ft
₹43,120 per sq m
- Zones
- 1
- In Akola
- 6th highest
- Applicable from
- 1 Apr 2025
Ratanlal Plot Ready Reckoner rate per sq ft by property type
Residential (flat)
₹4,006 per sq ft
₹43,120 per sq m
1 zone
Open land (plot)
₹2,007 per sq ft
₹21,600 per sq m
1 zone
Office
₹4,607 per sq ft
₹49,585 per sq m
1 zone
Shops
₹5,212 per sq ft
₹56,100 per sq m
1 zone
Ready Reckoner rate in Ratanlal Plot: one zone
Ratanlal Plot has one zone in the schedule, so one set of rates applies.
Want to confirm the rate? The Akola Sub-Registrar office can confirm the rate 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.
| Zone | Area covered | Flat₹/sq m | Open plot₹/sq m | Office₹/sq m | Shop₹/sq m |
|---|---|---|---|---|---|
| 1.113/65 | Ratanlal plot: developed plots facing the highway | 43,120 | 21,600 | 49,585 | 56,100 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Ratanlal Plot 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 flat rate.
- Ready Reckoner value
- ₹40.1 lakh
- 1,000 sq ft × ₹4,006 per sq ft
- Every 1% of stamp duty
- ₹40,060
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Ratanlal Plot depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹40.1 lakh, use the stamp duty calculator for Ratanlal Plot 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 ₹4,006 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹40.1 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.
Ratanlal Plot Ready Reckoner rate FAQs
What is Ready Reckoner rate in Ratanlal Plot per sq ft?
₹4,006 per sq ft (₹43,120 per sq m) for a flat. Ratanlal Plot has one zone, so this rate applies across it.
Does one Ready Reckoner rate cover all of Ratanlal Plot?
Yes. The schedule lists a single zone for Ratanlal Plot, zone 1.113/65. If your property isn't in it, the Akola Sub-Registrar office can tell you which entry applies.
Is stamp duty in Ratanlal Plot 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 Ratanlal Plot's flat rate has a Ready Reckoner value of about ₹40.1 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Ratanlal Plot changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Ratanlal Plot's flat rate stays at ₹43,120 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Ratanlal Plot 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 Ratanlal Plot's average ₹4,006 per sq ft, that is roughly ₹44.1 lakh to ₹48.1 lakh.
What is Ready Reckoner rate for shops in Ratanlal Plot?
About ₹5,212 per sq ft (₹56,100 per sq m) on average, around 1.3 times the flat rate. Offices average ₹49,585 per sq m.
Ready Reckoner rates in other Akola taluka areas
Umri Pragane Akola
Akola · flat ₹2,800/sq ft, 30% lower than Ratanlal Plot
Akkalkot
Akola · flat ₹1,850/sq ft, 54% lower than Ratanlal Plot
Gorakshan Road
Akola · flat ₹3,679/sq ft, 8% lower than Ratanlal Plot
Ashok Vatika
Akola · flat ₹4,047/sq ft, similar rate
Dagdi Bridge
Akola · flat ₹3,372/sq ft, 16% lower than Ratanlal Plot
Amravati Road
Akola · flat ₹4,353/sq ft, 9% higher than Ratanlal Plot
See all 62 areas on the Akola Ready Reckoner rate page, or compare Ratanlal Plot 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