Average Ready Reckoner rate for a flat in Marine Drive area
₹39,724 per sq ft
₹4,27,590 per sq m
- Range by zone
- ₹31,615–₹61,467
- Zones
- 3
- In Mumbai City
- 4th highest
- Applicable from
- 1 Apr 2025
Marine Drive Ready Reckoner rate per sq ft by property type
Residential (flat)
₹39,724 per sq ft
₹4,27,590 per sq m
Range by zone ₹31,615–₹61,467
Open land (plot)
₹19,800 per sq ft
₹2,13,130 per sq m
Range by zone ₹13,692–₹29,304
Office
₹45,682 per sq ft
₹4,91,720 per sq m
Range by zone ₹38,308–₹70,686
Shops
₹77,230 per sq ft
₹8,31,300 per sq m
Range by zone ₹51,766–₹80,243
Industrial
₹39,724 per sq ft
₹4,27,590 per sq m
Range by zone ₹31,615–₹61,467
Flat rates in the Marine Drive locality range from ₹31,615 to ₹61,467 per sq ft (₹3,40,300 to ₹6,61,620 per sq m), depending on the zone. The highest is zone 2/19; the lowest is zone 6/57B. Shops are rated about 1.9 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Marine Drive area
Ready Reckoner for Marine Drive 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 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 |
|---|---|---|---|---|---|---|
| 2/19 | Netaji Subhash Chandra Bose Road (Marine Drive), from Tata Theatre northward to Anandilal Poddar Road | 6,61,620 | 3,15,422 | 7,60,860 | 8,31,300 | 6,61,620 |
| 5/43 | Netaji Subhash Road (Marine Drive) — part | 4,27,590 | 2,13,130 | 4,91,720 | 5,57,200 | 4,27,590 |
| 6/57B | Sardar Vallabhbhai Patel Road, from Netaji Subhash Chandra Bose Road (Marine Drive) to Western Railway line | 3,40,300 | 1,47,380 | 4,12,340 | 8,63,730 | 3,40,300 |
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
- ₹3.97 crore
- 1,000 sq ft × ₹39,724 per sq ft
- Stamp duty (6%)
- ₹23,83,440
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹24,13,440
- 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 ₹3.97 crore, use the stamp duty calculator for Marine Drive 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 ₹39,724 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹3.97 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.
Marine Drive Ready Reckoner rate FAQs
What is Ready Reckoner rate in Marine Drive per sq ft?
About ₹39,724 per sq ft (₹4,27,590 per sq m) for a flat in Marine Drive on average. Zone rates run from ₹31,615 to ₹61,467 per sq ft, so use the rate for your own zone.
Which part of Marine Drive has the highest Ready Reckoner rate?
Zone 2/19 at ₹6,61,620 per sq m (about ₹61,467 per sq ft). The lowest is zone 6/57B at ₹3,40,300 per sq m.
Is stamp duty in Marine Drive 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 Marine Drive's average flat rate has a Ready Reckoner value of about ₹3.97 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Marine Drive changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Marine Drive's average flat rate stays at ₹4,27,590 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Marine Drive 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 Marine Drive's average ₹39,724 per sq ft, that is roughly ₹4.37 crore to ₹4.77 crore.
What is Ready Reckoner rate for shops in Marine Drive?
About ₹77,230 per sq ft (₹8,31,300 per sq m) on average, around 1.9 times the flat rate. Offices average ₹4,91,720 per sq m.
Ready Reckoner rates in other Mumbai City areas
Fort
Mumbai City · flat ₹30,008/sq ft, 24% lower than Marine Drive
Parel Sewri
Mumbai City · flat ₹21,073/sq ft, 47% lower than Marine Drive
Worli
Mumbai City · flat ₹36,024/sq ft, 9% lower than Marine Drive
Colaba
Mumbai City · flat ₹42,445/sq ft, 7% higher than Marine Drive
Lower Parel
Mumbai City · flat ₹30,285/sq ft, 24% lower than Marine Drive
Pedder Road
Mumbai City · flat ₹66,354/sq ft, 67% higher than Marine Drive
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Marine Drive 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