Average Ready Reckoner rate for a flat in Malabar and Cumballa Hill area
₹66,363 per sq ft
₹7,14,320 per sq m
- Range by zone
- ₹31,295–₹80,926
- Zones
- 27
- In Mumbai City
- Highest flat rate
- Applicable from
- 1 Apr 2025
Malabar and Cumballa Hill Ready Reckoner rate per sq ft by property type
Residential (flat)
₹66,363 per sq ft
₹7,14,320 per sq m
Range by zone ₹31,295–₹80,926
Open land (plot)
₹31,215 per sq ft
₹3,36,000 per sq m
Range by zone ₹16,149–₹38,748
Office
₹76,307 per sq ft
₹8,21,360 per sq m
Range by zone ₹41,026–₹93,065
Shops
₹86,085 per sq ft
₹9,26,610 per sq m
Range by zone ₹45,878–₹1,05,688
Industrial
₹66,354 per sq ft
₹7,14,230 per sq m
Range by zone ₹32,114–₹80,926
Flat rates in the Malabar and Cumballa Hill locality range from ₹31,295 to ₹80,926 per sq ft (₹3,36,860 to ₹8,71,080 per sq m), depending on the zone. The highest is zone 7/61A; the lowest is zone 7/62.
Zone wise Ready Reckoner rate in Malabar and Cumballa Hill area
Ready Reckoner for Malabar and Cumballa Hill area has 27 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 |
|---|---|---|---|---|---|---|
| 7/59 | Netaji Subhashchandra Bose Road (Tanbe Chowk to Pandita Ramabai Road) | 3,45,670 | 1,85,010 | 4,41,600 | 5,14,400 | 3,45,670 |
| 7/60 | Sitaram Patkar Road (Hughes Road) — Kemps Corner to the southern zone boundary | 6,34,680 | 3,19,040 | 7,86,000 | 9,08,500 | 6,63,610 |
| 7/61 | Bhulabhai Desai Road (Nepeansea Road) — Vatsalabai Desai Chowk to Mukesh Chowk | 8,37,690 | 4,12,570 | 9,63,350 | 11,37,620 | 8,69,610 |
| 7/61A | Jamanadas Mehta Road & L. Jagmohandas Road (Nepeansea Road) — Mukesh Chowk to B.J. Kher Road | 8,71,080 | 4,17,080 | 10,01,740 | 10,88,850 | 8,71,080 |
| 7/62 | Tardeo Road – Javji Dadaji Road (Nana Chowk to Haji Ali Chowk) | 3,36,860 | 1,73,830 | 4,86,900 | 5,84,600 | 3,46,290 |
| 7/63 | Pandita Ramabai Road (Nana Chowk to Babulanath first cross road) | 4,56,820 | 2,15,090 | 5,25,340 | 6,24,700 | 4,56,820 |
| 7/64 | Area of the vertical slope east of Cumballa Hill's centre, east of Javji Dadaji Road up to Haji Ali Chowk, north of Haji Ali Chowk, south of August Kranti Road | 3,87,370 | 1,91,100 | 4,66,380 | 4,93,830 | 3,87,370 |
| 7/64A | August Kranti Road – Nana Chowk to Dr. Gopalrao Deshmukh Road junction | 5,37,780 | 2,78,610 | 6,18,450 | 6,82,300 | 5,37,780 |
| 7/64B | Mumbai Port Trust properties in original valuation zone 7/64 | 4,21,860 | 2,19,770 | 4,85,140 | 5,27,330 | 4,21,860 |
| 7/65 | Area north of the zone boundary, east of Cumballa Hill's steep slope, south of August Kranti Road, west of Gopal Deshmukh Road (Pedder Road) | 7,14,320 | 3,31,940 | 8,21,360 | 8,92,790 | 7,14,230 |
| 7/65A | Pedder Road (Kemps Corner to Bhulabhai Desai Road) | 6,94,740 | 3,39,940 | 7,98,960 | 8,77,700 | 6,94,740 |
| 7/65B | Mahalakshmi temple area | 4,82,110 | 2,17,170 | 6,21,500 | 7,45,700 | 5,22,120 |
| 7/65C | Area north of Bhulabhai Desai Road, east of Gopalrao Deshmukh Road (Pedder Road), south of August Kranti Road, west of Bhulabhai Desai Road | 7,14,230 | 3,31,940 | 8,21,360 | 8,92,790 | 7,14,230 |
| 7/65D | Area north of the zone boundary, east of Bhulabhai Desai Road, south of Darabasha Lane, west of the seashore | 7,14,230 | 3,31,940 | 8,21,360 | 8,92,790 | 7,14,230 |
| 7/66 | I-section: east of Bal Gangadhar Kher Road, west of Nepeansea Road, south of original zone 7/66E's boundary, north of L.D. Ruparel Road/Area north of Sitaram Patkar Road, east of Babulanath Road and the division boundary, west of B.G. Kher Road, south of the valuation zone boundary | 7,51,600 | 3,40,100 | 8,89,600 | 10,19,100 | 7,51,600 |
| 7/66A | August Kranti Road – Dr. Gopalrao Deshmukh Road junction to Bhulabhai Desai Road junction | 6,90,580 | 3,47,370 | 7,94,170 | 9,33,200 | 6,90,580 |
| 7/66B | Walkeshwar Road (Tanbe Chowk to Teen Batti) | 7,93,320 | 3,66,240 | 9,12,320 | 10,47,800 | 8,02,300 |
| 7/66C | Walkeshwar Road (Teen Batti to Raj building) | 8,49,000 | 3,97,930 | 9,76,350 | 11,15,600 | 8,49,000 |
| 7/66D | B.J. Kher Road (Teen Batti to Kemps Corner) | 7,43,490 | 3,75,090 | 8,55,020 | 9,44,600 | 7,43,490 |
| 7/66E | Banganga area — with approach road | 7,41,290 | 3,45,530 | 8,52,490 | 9,26,610 | 7,41,290 |
| 7/66F | Banganga area — without approach road | 6,14,420 | 2,75,950 | 7,56,700 | 9,08,200 | 6,20,310 |
| 7/66G | Mumbai Port Trust properties in original valuation zone 7/66 | 7,28,080 | 3,36,000 | 8,89,600 | 10,19,100 | 7,28,080 |
| 7/66H | Area east of Nepeansea Road, west of the seashore, north & south of valuation zone 7/66E's boundary, north of Darabasha Lane | 7,51,600 | 3,40,100 | 8,89,600 | 10,19,100 | 7,51,600 |
| 7/66I | Area east of Bal Gangadhar Kher Road, west of Nepeansea Road, south of valuation zone 7/66E's boundary, north of L.D. Ruparel Road | 7,51,600 | 3,40,100 | 8,89,600 | 10,19,100 | 7,51,600 |
| 7/66J | Area east of Pandita Ramabai Road (from Sitaram Patkar Road), west of Babulanath Road, south of Tanbe Chowk to Pandita Ramabai Road, north of Sitaram Patkar Road | 7,51,600 | 2,84,110 | 8,89,600 | 10,19,100 | 7,51,600 |
| 7/66K | Area east of Pandita Ramabai Road (Nana Chowk to Sitaram Patkar Road), west & south of Sitaram Patkar Road, north of August Kranti Road | 7,51,600 | 3,40,100 | 8,89,600 | 10,19,100 | 7,51,600 |
| 7/66L | Area east of Bal Gangadhar Kher Road, west of Nepeansea Road, south of L.D. Ruparel Road, north of August Kranti Road (Nana Chowk to Kemps Corner) | 7,51,600 | 3,40,100 | 8,89,600 | 10,19,100 | 7,51,600 |
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
- ₹6.64 crore
- 1,000 sq ft × ₹66,363 per sq ft
- Stamp duty (6%)
- ₹39,81,780
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹40,11,780
- 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 ₹6.64 crore, use the stamp duty calculator for Malabar and Cumballa Hill 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 ₹66,363 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹6.64 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.
Malabar and Cumballa Hill Ready Reckoner rate FAQs
What is Ready Reckoner rate in Malabar and Cumballa Hill per sq ft?
About ₹66,363 per sq ft (₹7,14,320 per sq m) for a flat in Malabar and Cumballa Hill on average. Zone rates run from ₹31,295 to ₹80,926 per sq ft, so use the rate for your own zone.
Which part of Malabar and Cumballa Hill has the highest Ready Reckoner rate?
Zone 7/61A at ₹8,71,080 per sq m (about ₹80,926 per sq ft). The lowest is zone 7/62, “Tardeo Road – Javji Dadaji Road (Nana Chowk to Haji Ali Chowk)”, at ₹3,36,860 per sq m.
Is stamp duty in Malabar and Cumballa Hill 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 Malabar and Cumballa Hill's average flat rate has a Ready Reckoner value of about ₹6.64 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Malabar and Cumballa Hill changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Malabar and Cumballa Hill's average flat rate stays at ₹7,14,320 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Malabar and Cumballa Hill 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 Malabar and Cumballa Hill's average ₹66,363 per sq ft, that is roughly ₹7.3 crore to ₹7.96 crore.
What is Ready Reckoner rate for shops in Malabar and Cumballa Hill?
About ₹86,085 per sq ft (₹9,26,610 per sq m) on average, around 1.3 times the flat rate. Offices average ₹8,21,360 per sq m.
Ready Reckoner rates in other Mumbai City areas
Lower Parel
Mumbai City · flat ₹30,285/sq ft, 54% lower than Malabar and Cumballa Hill
Fort
Mumbai City · flat ₹30,008/sq ft, 55% lower than Malabar and Cumballa Hill
Pedder Road
Mumbai City · flat ₹66,354/sq ft, about the same
Colaba
Mumbai City · flat ₹42,445/sq ft, 36% lower than Malabar and Cumballa Hill
Marine Drive
Mumbai City · flat ₹39,724/sq ft, 40% lower than Malabar and Cumballa Hill
Worli
Mumbai City · flat ₹36,024/sq ft, 46% lower than Malabar and Cumballa Hill
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Malabar and Cumballa Hill 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