Average Ready Reckoner rate for a flat in Mandvi area
₹15,248 per sq ft
₹1,64,130 per sq m
- Range by zone
- ₹12,045–₹20,221
- Zones
- 8
- In Mumbai City
- 3rd lowest
- Applicable from
- 1 Apr 2025
Mandvi Ready Reckoner rate per sq ft by property type
Residential (flat)
₹15,248 per sq ft
₹1,64,130 per sq m
Range by zone ₹12,045–₹20,221
Open land (plot)
₹7,298 per sq ft
₹78,555 per sq m
Range by zone ₹5,825–₹10,978
Office
₹20,550 per sq ft
₹2,21,200 per sq m
Range by zone ₹17,958–₹26,821
Shops
₹26,078 per sq ft
₹2,80,700 per sq m
Range by zone ₹21,600–₹34,291
Industrial
₹15,520 per sq ft
₹1,67,060 per sq m
Range by zone ₹12,045–₹20,550
Flat rates in the Mandvi locality range from ₹12,045 to ₹20,221 per sq ft (₹1,29,650 to ₹2,17,660 per sq m), depending on the zone. The highest is zone 4/41; the lowest is zone 4/40A. Shops are rated about 1.7 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Mandvi area
Ready Reckoner for Mandvi area has 8 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 |
|---|---|---|---|---|---|---|
| 4/37 | Block bounded by Lokmanya Tilak Road (south), Abdul Rehman Street and Ibrahim Rahimtulla Road (west), Mohammed Ali Road (east) | 1,63,090 | 76,670 | 2,26,700 | 3,02,800 | 1,68,950 |
| 4/37A | Lokmanya Tilak Road, from Abdul Rehman Road junction to Mohammed Ali Road junction, extending to Central Railway | 2,10,140 | 1,18,170 | 2,43,300 | 3,37,900 | 2,21,200 |
| 4/38 | Block bounded by Lokmanya Tilak Road (south), Yusuf Meherally Road (north), Mohammed Ali Road (west), Central Railway line (east) | 1,65,170 | 80,440 | 2,03,600 | 2,55,700 | 1,65,170 |
| 4/39 | Block bounded by Yusuf Meherally Road (south), Sardar Vallabhbhai Patel Road (north), Mohammed Ali Road (west), Central Railway line (east) | 1,57,380 | 71,930 | 2,15,700 | 2,73,600 | 1,57,380 |
| 4/40 | Block bounded by Sardar Vallabhbhai Patel Road (south), Sir Jamsetji Jijibhai Road (west), Ramchandra Bhatt Road/Babula Tank Road (north), Central Railway (east) | 1,29,820 | 62,700 | 1,93,300 | 2,32,500 | 1,29,820 |
| 4/40A | Ramchandra Bhatt Road, from western division boundary to Samantbhai Nanji Road | 1,29,650 | 65,480 | 1,93,300 | 2,32,500 | 1,29,650 |
| 4/41 | Mohammed Ali Road | 2,17,660 | 1,09,540 | 2,88,700 | 3,69,100 | 2,17,660 |
| 4/42 | Sardar Vallabhbhai Patel Road | 1,85,800 | 92,260 | 2,44,000 | 2,87,800 | 1,85,800 |
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
- ₹1.52 crore
- 1,000 sq ft × ₹15,248 per sq ft
- Stamp duty (6%)
- ₹9,14,880
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹9,44,880
- 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 ₹1.52 crore, use the stamp duty calculator for Mandvi 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 ₹15,248 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹1.52 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.
Mandvi Ready Reckoner rate FAQs
What is Ready Reckoner rate in Mandvi per sq ft?
About ₹15,248 per sq ft (₹1,64,130 per sq m) for a flat in Mandvi on average. Zone rates run from ₹12,045 to ₹20,221 per sq ft, so use the rate for your own zone.
Which part of Mandvi has the highest Ready Reckoner rate?
Zone 4/41, “Mohammed Ali Road”, at ₹2,17,660 per sq m (about ₹20,221 per sq ft). The lowest is zone 4/40A at ₹1,29,650 per sq m.
Is stamp duty in Mandvi 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 Mandvi's average flat rate has a Ready Reckoner value of about ₹1.52 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Mandvi changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Mandvi's average flat rate stays at ₹1,64,130 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Mandvi 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 Mandvi's average ₹15,248 per sq ft, that is roughly ₹1.68 crore to ₹1.83 crore.
What is Ready Reckoner rate for shops in Mandvi?
About ₹26,078 per sq ft (₹2,80,700 per sq m) on average, around 1.7 times the flat rate. Offices average ₹2,21,200 per sq m.
Ready Reckoner rates in other Mumbai City areas
Lower Parel
Mumbai City · flat ₹30,285/sq ft, 99% higher than Mandvi
Fort
Mumbai City · flat ₹30,008/sq ft, 97% higher than Mandvi
Wadala Salt Pan
Mumbai City · flat ₹12,172/sq ft, 20% lower than Mandvi
Mazgaon
Mumbai City · flat ₹15,382/sq ft, about the same
Dharavi
Mumbai City · flat ₹9,825/sq ft, 36% lower than Mandvi
Bhuleshwar
Mumbai City · flat ₹17,804/sq ft, 17% higher than Mandvi
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Mandvi 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