Average Ready Reckoner rate for a flat in Mahim area
₹28,697 per sq ft
₹3,08,890 per sq m
- Range by zone
- ₹22,035–₹39,507
- Zones
- 18
- In Mumbai City
- 8th highest
- Applicable from
- 1 Apr 2025
Mahim Ready Reckoner rate per sq ft by property type
Residential (flat)
₹28,697 per sq ft
₹3,08,890 per sq m
Range by zone ₹22,035–₹39,507
Open land (plot)
₹12,693 per sq ft
₹1,36,630 per sq m
Range by zone ₹3,060–₹19,776
Office
₹33,002 per sq ft
₹3,55,230 per sq m
Range by zone ₹25,340–₹45,433
Shops
₹35,985 per sq ft
₹3,87,340 per sq m
Range by zone ₹27,544–₹57,247
Industrial
₹28,697 per sq ft
₹3,08,890 per sq m
Range by zone ₹22,035–₹39,507
Flat rates in the Mahim locality range from ₹22,035 to ₹39,507 per sq ft (₹2,37,180 to ₹4,25,250 per sq m), depending on the zone. The highest is zone 17/120; the lowest is zone 17/119.
Zone wise Ready Reckoner rate in Mahim area
Ready Reckoner for Mahim area has 18 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 Mumbai City 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 | Industrial₹/sq m |
|---|---|---|---|---|---|---|
| 17/111 | Road: Gokhale Road (north) - from Portuguese Church to Gadkari Chowk. | 3,60,590 | 1,73,950 | 4,14,680 | 4,50,740 | 3,60,590 |
| 17/112 | Road: Ranade Road - Dadar Railway, from the west towards Gokhale Road. | 3,45,090 | 1,71,600 | 3,96,850 | 6,16,200 | 3,45,090 |
| 17/113 | Road: N.C. Kelkar Road - from Gadkari Chowk A, Plaza Cinema and beyond, up to Kabutarkhana. | 3,08,890 | 1,51,060 | 3,55,230 | 4,42,800 | 3,08,890 |
| 17/114 | Road: Senapati Bapat Road - the railway bridge south of Dadar, the part up to Tilak Bridge. | 2,74,550 | 1,33,310 | 3,15,730 | 3,58,300 | 2,74,550 |
| 17/115 | Road: Lady Jamshetji Road - the part from Gadkari Chowk A up to City Light Junction. | 2,95,140 | 1,48,400 | 3,39,410 | 3,68,930 | 2,95,140 |
| 17/116 | Road: Lady Jamshetji Road - from City Light Junction to Mahim Church Junction. | 2,89,220 | 1,29,470 | 3,32,610 | 3,61,530 | 2,89,220 |
| 17/116A | Road: the properties owned by the Mumbai Port Trust in original valuation zone No. 17/116 (Road). | 3,02,370 | 1,41,790 | 3,47,730 | 3,77,970 | 3,02,370 |
| 17/117 | Area: Nyikonakriti, south of Sayani Road and Bhole Road up to the bridge south of Dadar station, east of the south bridge from Tilak Bridge, north of Tilak Bridge from Gadkari Chowk, Lady Jamshetji Road and Pandurang Naik Road, and west of Dadar Chowpatty — the area within. | 3,53,860 | 1,39,950 | 4,06,940 | 4,42,320 | 3,53,860 |
| 17/118 | Area: the area south of Pandurang Naik Road from the sea, Lady Jamshetji Road, Gadkari Chowk to Tilak Chowk, the sea to the west, north of Shitaladevi Temple Road and east of the Western Railway line. | 2,95,120 | 1,12,910 | 3,39,390 | 3,68,900 | 2,95,120 |
| 17/118A | Properties in projects on plots larger than 2 hectares in the Ruby Mills area | 3,09,880 | 1,12,910 | 3,56,360 | 3,87,340 | 3,09,880 |
| 17/119 | Area: the area south of Shitaladevi Temple Road, east of the Western Railway line, north and west of Mahim creek. | 2,37,180 | 1,00,770 | 2,72,760 | 2,96,480 | 2,37,180 |
| 17/119A | Area: properties included in the CRZ-I area. | — | 32,940 | — | — | — |
| 17/119B | Area between the Western Railway line to the east, Lady Jamshedji Road to the west, Mori Road to the south, and Mahim Creek to the north | 2,37,180 | 81,580 | 2,72,760 | 2,96,480 | 2,37,180 |
| 17/119C | Properties in the L&T Island Cove project | 2,37,180 | 81,580 | 2,72,760 | 2,96,480 | 2,37,180 |
| 17/120 | Road: Swatantra Veer Savarkar Road - from Veer Nariman Road to Raosaheb S.K. Bole Road Junction. | 4,25,250 | 2,12,870 | 4,89,040 | 5,79,100 | 4,25,250 |
| 17/121 | Area: Veer Savarkar Road, the northern side limit of the ward, and from the Drainage Channel Junction of Dr. Annie Besant Road up to Worli village settlement, the sea to the west — the area within. | 3,44,880 | 1,42,590 | 3,96,610 | 4,62,200 | 3,44,880 |
| 17/121A | Properties in the Mahim division adjoining the Worli division boundary | 3,29,880 | 1,31,820 | 3,79,360 | 4,12,350 | 3,29,880 |
| 17/121B | Properties owned by the Mumbai Port Trust | 3,44,870 | 1,44,370 | 3,96,600 | 4,31,090 | 3,44,870 |
— means the schedule publishes no rate for that zone.
Stamp duty and registration charges for a flat
In Mumbai you pay 6% stamp duty (5% duty plus 1% metro cess) and a 1% registration fee, capped at ₹30,000, on your agreement value or Ready Reckoner value, whichever is higher. Here is the minimum for a 1,000 sq ft flat at this area's average flat rate.
- Ready Reckoner value
- ₹2.87 crore
- 1,000 sq ft × ₹28,697 per sq ft
- Stamp duty (6%)
- ₹17,21,820
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹17,51,820
- If your price is higher, you pay more
- Women buying a home on their own pay 1% less stamp duty: 5% instead of 6%.
- At ₹50 lakh or more, the buyer also deducts 1% TDS from the payment to the seller.
If your agreed price is more than ₹2.87 crore, use the stamp duty calculator for Mahim 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 ₹28,697 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹2.87 crore, 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.
Mahim Ready Reckoner rate FAQs
What is Ready Reckoner rate in Mahim per sq ft?
About ₹28,697 per sq ft (₹3,08,890 per sq m) for a flat in Mahim on average. Zone rates run from ₹22,035 to ₹39,507 per sq ft, so use the rate for your own zone.
Which part of Mahim has the highest Ready Reckoner rate?
Zone 17/120 at ₹4,25,250 per sq m (about ₹39,507 per sq ft). The lowest is zone 17/119 at ₹2,37,180 per sq m.
Is stamp duty in Mahim 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 Mahim's average flat rate has a Ready Reckoner value of about ₹2.87 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Mahim changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Mahim's average flat rate stays at ₹3,08,890 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Mahim 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 Mahim's average ₹28,697 per sq ft, that is roughly ₹3.16 crore to ₹3.44 crore.
What is Ready Reckoner rate for shops in Mahim?
About ₹35,985 per sq ft (₹3,87,340 per sq m) on average, around 1.3 times the flat rate. Offices average ₹3,55,230 per sq m.
Ready Reckoner rates in other Mumbai City areas
Parel Sewri
Mumbai City · flat ₹21,073/sq ft, 27% lower than Mahim
Bhuleshwar
Mumbai City · flat ₹17,804/sq ft, 38% lower than Mahim
Tardeo
Mumbai City · flat ₹25,534/sq ft, 11% lower than Mahim
Fort
Mumbai City · flat ₹30,008/sq ft, similar rate
Matunga
Mumbai City · flat ₹24,850/sq ft, 13% lower than Mahim
Lower Parel
Mumbai City · flat ₹30,285/sq ft, 6% higher than Mahim
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Mahim with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai City, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in