Average Ready Reckoner rate for a flat in Shivaji Chowk area
₹5,119 per sq ft
₹55,100 per sq m
- Range by zone
- ₹3,974–₹5,690
- Zones
- 3
- In Latur
- Highest flat rate
- Applicable from
- 1 Apr 2025
Shivaji Chowk Ready Reckoner rate per sq ft by property type
Residential (flat)
₹5,119 per sq ft
₹55,100 per sq m
Range by zone ₹3,974–₹5,690
Open land (plot)
₹3,725 per sq ft
₹40,100 per sq m
Range by zone ₹2,239–₹4,257
Office
₹5,351 per sq ft
₹57,600 per sq m
Range by zone ₹4,227–₹6,246
Shops
₹9,197 per sq ft
₹99,000 per sq m
Range by zone ₹8,175–₹10,057
Flat rates in the Shivaji Chowk locality range from ₹3,974 to ₹5,690 per sq ft (₹42,780 to ₹61,250 per sq m), depending on the zone. The highest is zone 1.57; the lowest is zone 1.60. Shops are rated about 1.8 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Shivaji Chowk area
Ready Reckoner for Shivaji Chowk area has 3 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 Latur 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 |
|---|---|---|---|---|---|
| 1.45 | Properties on the main road from Shivaji Chowk up to Mini Market Chowk (S.B. zone, government rest house, Gorakshan Sanstha, D.C.C. Bank, Town Hall, Ambedkar Udyan) | 55,100 | 40,100 | 57,600 | 99,000 |
| 1.57 | Properties on the main road from Shivaji Chowk up to Ashoka Hotel Chowk (court, tehsil | 61,250 | 45,820 | 67,230 | 1,08,250 |
| 1.60 | Properties on the road from Ashoka Hotel to Ram Talkies | 42,780 | 24,100 | 45,500 | 88,000 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Shivaji Chowk 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
- ₹51.2 lakh
- 1,000 sq ft × ₹5,119 per sq ft
- Every 1% of stamp duty
- ₹51,190
- 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 Shivaji Chowk depends on the local body. The Sub-Registrar office can confirm it.
- At ₹50 lakh or more, the buyer also deducts 1% TDS from the payment to the seller.
If your agreed price is more than ₹51.2 lakh, use the stamp duty calculator for Shivaji Chowk 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 ₹5,119 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹51.2 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.
Shivaji Chowk Ready Reckoner rate FAQs
What is Ready Reckoner rate in Shivaji Chowk per sq ft?
About ₹5,119 per sq ft (₹55,100 per sq m) for a flat in Shivaji Chowk on average. Zone rates run from ₹3,974 to ₹5,690 per sq ft, so use the rate for your own zone.
Which part of Shivaji Chowk has the highest Ready Reckoner rate?
Zone 1.57 at ₹61,250 per sq m (about ₹5,690 per sq ft). The lowest is zone 1.60, “Properties on the road from Ashoka Hotel to Ram Talkies”, at ₹42,780 per sq m.
Is stamp duty in Shivaji Chowk 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 Shivaji Chowk's average flat rate has a Ready Reckoner value of about ₹51.2 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Shivaji Chowk changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Shivaji Chowk's average flat rate stays at ₹55,100 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Shivaji Chowk 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 Shivaji Chowk's average ₹5,119 per sq ft, that is roughly ₹56.3 lakh to ₹61.4 lakh.
What is Ready Reckoner rate for shops in Shivaji Chowk?
About ₹9,197 per sq ft (₹99,000 per sq m) on average, around 1.8 times the flat rate. Offices average ₹57,600 per sq m.
Ready Reckoner rates in other Latur taluka areas
Kanheri
Latur · flat ₹2,861/sq ft, 44% lower than Shivaji Chowk
Khadgaon
Latur · flat ₹2,586/sq ft, 49% lower than Shivaji Chowk
Gandhi Chowk
Latur · flat ₹4,883/sq ft, similar rate
Khopgaon Lake
Latur
Jaggery Market
Latur · flat ₹4,497/sq ft, 12% lower than Shivaji Chowk
Subhash Chowk
Latur · flat ₹4,338/sq ft, 15% lower than Shivaji Chowk
See all 45 areas on the Latur Ready Reckoner rate page, or compare Shivaji Chowk with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Latur, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in