Average Ready Reckoner rate for a flat in Basmat area
₹1,661 per sq ft
₹17,880 per sq m
- Range by zone
- ₹1,635–₹2,032
- Zones
- 39
- In Hingoli
- 7th lowest
- Applicable from
- 1 Apr 2025
Basmat Ready Reckoner rate per sq ft by property type
Residential (flat)
₹1,661 per sq ft
₹17,880 per sq m
Range by zone ₹1,635–₹2,032
Open land (plot)
₹289 per sq ft
₹3,110 per sq m
Range by zone ₹42–₹917
Office
₹1,812 per sq ft
₹19,500 per sq m
Range by zone ₹1,719–₹2,124
Shops
₹1,997 per sq ft
₹21,500 per sq m
Range by zone ₹1,905–₹5,017
Flat rates in the Basmat locality range from ₹1,635 to ₹2,032 per sq ft (₹17,600 to ₹21,870 per sq m), depending on the zone. The highest is zone 1.16; the lowest is zone 1.3.
Zone wise Ready Reckoner rate in Basmat area
Ready Reckoner for Basmat area has 39 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 survey number from your 7/12 extract (satbara utara) to the Sub-Registrar office, and they can tell you the zone code to type here.
Still not sure? The Vasmat 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 |
|---|---|---|---|---|---|
| 1.1 | Properties on both sides of the roads from the police station to Zhenda Chowk, from Zhenda Chowk to Satyagraha Chowk, and from Zhenda Chowk to Mama Chowk to Mondha - village settlement area: Ganeshpeth, Kali, Somwar Peth, Mangalwar Peth | 20,350 | 8,100 | 21,500 | 47,000 |
| 1.2 | Properties beside the road from Satyagraha Chowk to the cinema hall - village settlement area: Muzaffar Shah Mohalla, Asara Sharif Mohalla | 19,250 | 5,250 | 20,130 | 39,000 |
| 1.3 | Properties on both sides of the road from Satyanarayan Cinema House to the I.T.I. - village settlement area: Shahar Peth, Muzaffar Shah Mohalla, Azar Sharif Mohalla | 17,600 | 3,550 | 19,500 | 21,500 |
| 1.4 | Road from Satyanarayan Talkies to Budhwar Peth and towards the farm survey No. 184 - village settlement area: Shahar Peth, Budhwar Peth, Bhesle Lane, Bhei Lane, per sq m | 17,600 | 3,670 | 19,500 | 21,500 |
| 1.5 | Road from Satyanarayan Talkies to Budhwar Peth and towards the farm survey No. 184 | 17,600 | 3,110 | 19,500 | 21,500 |
| 1.6 | Properties on both sides of the road passing the Saraswati temple and Satyagraha Chowk and further west towards Mangalwar Peth - Mangalwar Peth | 17,600 | 3,990 | 19,500 | 21,500 |
| 1.7 | Properties on both sides of the police station-Agricultural Produce Market Committee road on the southern boundary of the division - village settlement area, also the area of Mauje Vasmatnagar: Ganeshpeth, Kalipeth, farm, per sq m | 20,350 | 8,200 | 21,500 | 50,000 |
| 1.8 | Properties on both sides of the police station-Agricultural Produce Market Committee road | 17,600 | 3,350 | 19,500 | 42,500 |
| 1.9 | Excluding the properties on the main road, properties on the interior roads - village settlement area: Kali Peth, Ganeshpeth, Somwarpeth, Raviwarpeth | 17,600 | 3,350 | 19,500 | 42,500 |
| 1.10 | Excluding the properties on the main road, other properties on the interior roads - village settlement area: Mangalwar Peth, Budhwar Peth, Shahar Peth, Bhosle Lane, Brahmin Lane, per sq m | 17,600 | 3,080 | 19,500 | 21,500 |
| 1.11 | Interior residential properties | 17,600 | 3,570 | 19,500 | 21,500 |
| 1.12 | Excluding the properties on the main road, remaining properties on the interior road - village settlement area: Shukrawar Peth, Asar Sharif Mohalla, Muzaffar Shah, Dargah Mohalla, Haji Diwan Mohalla, per sq m | 18,460 | 2,310 | 19,500 | 21,500 |
| 1.13 | Other properties on the interior roads at Mauje Vasmatnagar, per sq m | 17,600 | 1,990 | 19,500 | 21,500 |
| 1.14 | Road west of the Tehsil office up to Mama Chowk, per sq m | 20,350 | 8,240 | 21,280 | 47,100 |
| 1.15 | Railway bridge, Nanded-Parbhani Road, up to the rest house - within, per sq m | 21,020 | 8,590 | 21,980 | 52,000 |
| 1.16 | From the rest house to the chowk of Kavtha Asegaon Road, farm, per sq m | 21,870 | 9,870 | 22,860 | 54,000 |
| 1.17 | From the police station on the northern boundary to the Agricultural Produce Market Committee road, per sq m | 20,350 | 6,600 | 21,500 | 43,500 |
| 1.18 | From the police station to the water tank and further the Babhulgaon sugar factory road, per sq m | 20,350 | 5,900 | 21,500 | 41,000 |
| 1.19 | Properties from Bank Colony to the agriculture department on Kavtha Road, per sq m | 18,150 | 6,200 | 19,500 | 21,500 |
| 1.20 | Excluding the properties on the main road, remaining properties on the interior roads; properties in the eastern part of the police station to Babhulgaon sugar factory road, per sq m | 19,800 | 4,700 | 20,700 | 36,000 |
| 1.21 | Properties on Kavtha Road, per sq m | 18,150 | 3,870 | 19,500 | 21,500 |
| 1.22 | Excluding the properties on the main road, all remaining properties on the interior roads - the northern part of the road, per sq m | 17,600 | 1,890 | 19,500 | 21,500 |
| 1.23 | Properties on Babhulgaon Road, per sq m | 17,600 | 2,940 | 19,500 | 21,500 |
| 1.24 | Excluding the properties on the main road, all remaining properties on the interior roads - She | 17,610 | 2,530 | 19,500 | 21,500 |
| 1.25 | Properties on Nanded Road, per sq m | 18,630 | 6,760 | 19,500 | 21,500 |
| 1.26 | Area near the railway station, per sq m | 17,600 | 1,450 | 19,500 | 21,500 |
| 1.27 | Kavtha Road | 17,600 | 1,450 | 19,500 | 21,500 |
| 1.28 | Properties on the Valan Road up to the Sugarcane Centre, Asegaon Road, per sq m | 17,600 | 1,180 | 19,500 | 21,500 |
| 1.29 | Excluding the properties in 1.23 to 1.26, all remaining properties, per sq m | 17,600 | 980 | 19,500 | 21,500 |
| 1.30 | No-development property at Kautha / Valan Road | — | 500 | — | — |
| 1.31 | Remaining properties in the no-development division, per sq m | — | 450 | — | — |
| 1.32 | All residential properties, per sq m | 17,600 | 1,100 | 18,500 | 20,500 |
| 1.33 | No-development division property on Parbhani Road | — | 650 | — | — |
| 1.34 | Remaining no-development division properties, per sq m | — | 450 | — | — |
| 1.34.1 | Remaining residential zone properties | 19,560 | 495 | 22,490 | 24,450 |
| 1.34.2 | Remaining residential zone properties | 19,790 | 725 | 22,750 | 24,730 |
| 1.34A | Remaining no-development division | — | 450 | — | — |
| 1.34B | Remaining residential zone properties | 19,650 | 590 | 22,600 | 24,560 |
| 1.35 | Property from the S.T. stand to the factory Road | 18,150 | 3,700 | 19,500 | 21,500 |
— means the schedule publishes no rate for that zone.
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Basmat 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
- ₹16.6 lakh
- 1,000 sq ft × ₹1,661 per sq ft
- Every 1% of stamp duty
- ₹16,610
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹16,610
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Basmat depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹16.6 lakh, use the stamp duty calculator for Basmat 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 ₹1,661 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹16.6 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.
Basmat Ready Reckoner rate FAQs
What is Ready Reckoner rate in Basmat per sq ft?
About ₹1,661 per sq ft (₹17,880 per sq m) for a flat in Basmat on average. Zone rates run from ₹1,635 to ₹2,032 per sq ft, so use the rate for your own zone.
Which part of Basmat has the highest Ready Reckoner rate?
Zone 1.16 at ₹21,870 per sq m (about ₹2,032 per sq ft). The lowest is zone 1.3 at ₹17,600 per sq m.
Is stamp duty in Basmat 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 Basmat's average flat rate has a Ready Reckoner value of about ₹16.6 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Basmat changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Basmat's average flat rate stays at ₹17,880 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Basmat 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 Basmat's average ₹1,661 per sq ft, that is roughly ₹18.3 lakh to ₹19.9 lakh.
What is Ready Reckoner rate for shops in Basmat?
About ₹1,997 per sq ft (₹21,500 per sq m) on average, around 1.2 times the flat rate. Offices average ₹19,500 per sq m.
Ready Reckoner rates in other Hingoli areas
Kalamnuri
Kalamnuri · flat ₹1,635/sq ft, similar rate
Akola Road
Hingoli · flat ₹2,099/sq ft, 26% higher than Basmat
Aundha Nagnath
Aundha Nagnath · flat ₹1,644/sq ft, similar rate
Ring Road
Hingoli · flat ₹1,676/sq ft, about the same
Nasratpur
Vasmat · flat ₹1,635/sq ft, similar rate
Hingoli Gaothan
Hingoli · flat ₹1,679/sq ft, similar rate
See all 22 areas on the Hingoli Ready Reckoner rate page, or compare Basmat with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Hingoli, Vasmat, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in