Average Ready Reckoner rate for a flat in Risala Bazar area
₹2,044 per sq ft
₹22,000 per sq m
- Range by zone
- ₹1,993–₹2,095
- Zones
- 2
- In Hingoli
- 5th highest
- Applicable from
- 1 Apr 2025
Risala Bazar Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,044 per sq ft
₹22,000 per sq m
Range by zone ₹1,993–₹2,095
Open land (plot)
₹822 per sq ft
₹8,850 per sq m
Range by zone ₹780–₹864
Office
₹2,346 per sq ft
₹25,250 per sq m
Range by zone ₹2,323–₹2,369
Shops
₹4,111 per sq ft
₹44,250 per sq m
Range by zone ₹3,855–₹4,366
Flat rates in the Risala Bazar locality range from ₹1,993 to ₹2,095 per sq ft (₹21,450 to ₹22,550 per sq m), depending on the zone. The highest is zone 1.8; the lowest is zone 1.15. Shops are rated about 2 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Risala Bazar area
Ready Reckoner for Risala Bazar area has 2 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 Hingoli 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.
| Zone | Area covered | Flat₹/sq m | Open plot₹/sq m | Office₹/sq m | Shop₹/sq m |
|---|---|---|---|---|---|
| 1.8 | Properties on the road from the Post Office to Risala Market | 22,550 | 9,300 | 25,500 | 47,000 |
| 1.15 | Properties on the road from the Post Office to Risala Market | 21,450 | 8,400 | 25,000 | 41,500 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Risala Bazar 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
- ₹20.4 lakh
- 1,000 sq ft × ₹2,044 per sq ft
- Every 1% of stamp duty
- ₹20,440
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹20,440
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Risala Bazar depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹20.4 lakh, use the stamp duty calculator for Risala Bazar 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 ₹2,044 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹20.4 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.
Risala Bazar Ready Reckoner rate FAQs
What is Ready Reckoner rate in Risala Bazar per sq ft?
About ₹2,044 per sq ft (₹22,000 per sq m) for a flat in Risala Bazar on average. Zone rates run from ₹1,993 to ₹2,095 per sq ft, so use the rate for your own zone.
Which part of Risala Bazar has the highest Ready Reckoner rate?
Zone 1.8 at ₹22,550 per sq m (about ₹2,095 per sq ft). The lowest is zone 1.15 at ₹21,450 per sq m.
Is stamp duty in Risala Bazar 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 Risala Bazar's average flat rate has a Ready Reckoner value of about ₹20.4 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Risala Bazar changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Risala Bazar's average flat rate stays at ₹22,000 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Risala Bazar 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 Risala Bazar's average ₹2,044 per sq ft, that is roughly ₹22.5 lakh to ₹24.5 lakh.
What is Ready Reckoner rate for shops in Risala Bazar?
About ₹4,111 per sq ft (₹44,250 per sq m) on average, around 2 times the flat rate. Offices average ₹25,250 per sq m.
Ready Reckoner rates in other Hingoli taluka areas
Malharwadi
Hingoli · flat ₹1,635/sq ft, 20% lower than Risala Bazar
Adarsh Colony
Hingoli · flat ₹1,680/sq ft, 18% lower than Risala Bazar
Maharaja Agrasen Chowk
Hingoli · flat ₹1,972/sq ft, similar rate
Akola Road
Hingoli · flat ₹2,099/sq ft, similar rate
Jawala Palashi Road
Hingoli · flat ₹1,942/sq ft, similar rate
Ganesh Chowk
Hingoli · flat ₹2,146/sq ft, similar rate
See all 22 areas on the Hingoli Ready Reckoner rate page, or compare Risala Bazar with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Hingoli, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in