Average Ready Reckoner rate for a flat in Pedder Road area
₹66,354 per sq ft
₹7,14,230 per sq m
- Range by zone
- ₹64,544–₹66,363
- Zones
- 3
- In Mumbai City
- 2nd highest
- Applicable from
- 1 Apr 2025
Pedder Road Ready Reckoner rate per sq ft by property type
Residential (flat)
₹66,354 per sq ft
₹7,14,230 per sq m
Range by zone ₹64,544–₹66,363
Open land (plot)
₹30,838 per sq ft
₹3,31,940 per sq m
Range by zone ₹30,838–₹31,581
Office
₹76,307 per sq ft
₹8,21,360 per sq m
Range by zone ₹74,226–₹76,307
Shops
₹82,943 per sq ft
₹8,92,790 per sq m
Range by zone ₹81,541–₹82,943
Industrial
₹66,354 per sq ft
₹7,14,230 per sq m
Range by zone ₹64,544–₹66,354
Flat rates in the Pedder Road locality range from ₹64,544 to ₹66,363 per sq ft (₹6,94,740 to ₹7,14,320 per sq m), depending on the zone. The highest is zone 7/65; the lowest is zone 7/65A.
Zone wise Ready Reckoner rate in Pedder Road area
Ready Reckoner for Pedder Road 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 |
|---|---|---|---|---|---|---|
| 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 |
| 7/65C | 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 |
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 × ₹66,354 per sq ft
- Stamp duty (6%)
- ₹39,81,240
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹40,11,240
- 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 Pedder Road 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 ₹66,354 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.
Pedder Road Ready Reckoner rate FAQs
What is Ready Reckoner rate in Pedder Road per sq ft?
About ₹66,354 per sq ft (₹7,14,230 per sq m) for a flat in Pedder Road on average. Zone rates run from ₹64,544 to ₹66,363 per sq ft, so use the rate for your own zone.
Which part of Pedder Road has the highest Ready Reckoner rate?
Zone 7/65 at ₹7,14,320 per sq m (about ₹66,363 per sq ft). The lowest is zone 7/65A, “Pedder Road (Kemps Corner to Bhulabhai Desai Road)”, at ₹6,94,740 per sq m.
Is stamp duty in Pedder Road 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 Pedder Road'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 Pedder Road changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Pedder Road's average flat rate stays at ₹7,14,230 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Pedder Road 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 Pedder Road's average ₹66,354 per sq ft, that is roughly ₹7.3 crore to ₹7.96 crore.
What is Ready Reckoner rate for shops in Pedder Road?
About ₹82,943 per sq ft (₹8,92,790 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 Pedder Road
Fort
Mumbai City · flat ₹30,008/sq ft, 55% lower than Pedder Road
Colaba
Mumbai City · flat ₹42,445/sq ft, 36% lower than Pedder Road
Malabar and Cumballa Hill
Mumbai City · flat ₹66,363/sq ft, about the same
Marine Drive
Mumbai City · flat ₹39,724/sq ft, 40% lower than Pedder Road
Worli
Mumbai City · flat ₹36,024/sq ft, 46% lower than Pedder Road
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Pedder Road 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