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Mumbai Suburban Ready Reckoner rate 2026-27: area wise list

Check the Ready Reckoner rate for all 76 localities in Mumbai Suburban, for flats, plots, shops and offices, per sq ft and per sq m. Ready Reckoner rate (रेडी रेकनर दर) is the minimum value the government sets for a property. You pay stamp duty and registration fee on this value or your agreement value, whichever is higher.

Average Ready Reckoner rate for a flat in Mumbai Suburban

₹14,767 per sq ft

₹1,58,950 per sq m

Range by locality
₹4,513 – ₹43,578
Localities
76
Zones
867
Applicable from
1 Apr 2025

Ready Reckoner rate per sq ft in Mumbai Suburban by property type

Residential (flats)

₹4,513 – ₹43,578per sq ft

Median ₹14,767

76 localities

Open land / plots

₹1,283 – ₹24,024per sq ft

Median ₹6,465

76 localities

Shops

₹5,974 – ₹54,472per sq ft

Median ₹19,566

76 localities

Offices

₹5,455 – ₹50,114per sq ft

Median ₹17,308

76 localities

Industrial

₹4,691 – ₹43,578per sq ft

Median ₹14,845

76 localities

Ready Reckoner rate per sq ft in every Mumbai Suburban area

Each figure is the average (median) rate in ₹ per sq ft across the locality’s zones. Type to filter, or tap a column heading to sort.

Region:
Compare
Carter Road 2 ₹43,578 ₹24,024 ₹54,472 ₹50,114 ₹43,578
Pali Hill 5 ₹42,866 ₹22,900 ₹53,582 ₹49,295 ₹42,866
Juhu 11 ₹37,466 ₹17,905 ₹47,130 ₹43,086 ₹37,466
Linking Road 6 ₹37,256 ₹17,914 ₹47,720 ₹42,844 ₹37,256
Khar Danda 4 ₹34,929 ₹16,082 ₹44,825 ₹40,168 ₹34,929
Khar West 15 ₹32,828 ₹17,065 ₹44,342 ₹38,408 ₹32,828
Mount Mary 6 ₹32,217 ₹17,589 ₹41,314 ₹37,049 ₹32,217
Bandra West 17 ₹29,102 ₹13,582 ₹36,647 ₹33,715 ₹29,102
Bandra Kurla Complex 2 ₹27,905 ₹14,818 ₹38,512 ₹32,840 ₹28,032
Santacruz 12 ₹26,384 ₹15,210 ₹35,961 ₹31,706 ₹26,384
Vile Parle West 10 ₹25,737 ₹12,925 ₹37,242 ₹29,598 ₹25,737
Versova 11 ₹22,152 ₹9,841 ₹27,690 ₹25,474 ₹22,152
Vile Parle East 15 ₹22,059 ₹10,610 ₹29,348 ₹25,367 ₹22,059
Deonar 12 ₹21,244 ₹9,207 ₹26,555 ₹24,431 ₹21,244
Powai 13 ₹20,321 ₹8,078 ₹28,237 ₹25,977 ₹20,321
Ambivali 11 ₹19,970 ₹10,779 ₹26,778 ₹22,965 ₹19,970
Tunga 3 ₹19,908 ₹9,964 ₹24,885 ₹22,895 ₹19,908
Oshiwara 17 ₹19,580 ₹7,700 ₹25,623 ₹22,536 ₹20,428
Bandra East 14 ₹18,555 ₹8,914 ₹23,597 ₹21,337 ₹18,555
Andheri West 12 ₹18,193 ₹8,991 ₹26,738 ₹20,922 ₹18,193
Kalina 17 ₹18,165 ₹8,941 ₹23,212 ₹21,100 ₹18,165
Chandivali 4 ₹17,677 ₹8,137 ₹22,096 ₹20,328 ₹17,677
Chakala 10 ₹17,619 ₹9,116 ₹25,675 ₹20,300 ₹17,619
Valnai 11 ₹16,952 ₹7,079 ₹21,190 ₹19,495 ₹16,952
Pahadi Goregaon East 12 ₹16,533 ₹6,691 ₹22,102 ₹19,013 ₹16,533
Pahadi Goregaon West 12 ₹16,399 ₹7,334 ₹20,499 ₹18,859 ₹16,399
Marol 12 ₹16,197 ₹7,636 ₹20,426 ₹18,708 ₹16,197
Goregaon 13 ₹16,082 ₹7,031 ₹20,374 ₹18,494 ₹16,082
Kanjur Marg 18 ₹15,971 ₹6,622 ₹19,963 ₹18,366 ₹15,971
Andheri East 47 ₹15,781 ₹7,193 ₹21,805 ₹18,374 ₹15,781
Poisar 11 ₹15,748 ₹7,361 ₹19,988 ₹18,997 ₹16,518
Dindoshi 7 ₹15,496 ₹7,568 ₹19,371 ₹17,822 ₹15,496
Chembur 33 ₹15,171 ₹6,381 ₹18,964 ₹17,447 ₹15,171
Malad South 12 ₹15,123 ₹6,926 ₹21,627 ₹18,380 ₹15,123
Ghatkopar 16 ₹15,088 ₹6,818 ₹19,256 ₹17,351 ₹15,088
Ghatkopar Kirol 14 ₹15,087 ₹6,665 ₹19,649 ₹17,350 ₹15,087
Hariyali 8 ₹15,014 ₹6,650 ₹18,923 ₹17,266 ₹15,014
Vikhroli 15 ₹14,869 ₹3,405 ₹18,587 ₹16,348 ₹14,853
Kandivali 22 ₹14,665 ₹6,504 ₹18,763 ₹16,926 ₹14,719
Magathane 14 ₹14,625 ₹6,196 ₹19,519 ₹16,987 ₹14,772
Parighkhadi 3 ₹14,583 ₹4,495 ₹21,089 ₹19,217 ₹14,583
Borla 13 ₹14,478 ₹6,297 ₹18,098 ₹16,649 ₹14,624
Kirol 9 ₹14,374 ₹6,072 ₹18,630 ₹16,529 ₹14,374
Nahur 19 ₹14,218 ₹6,335 ₹19,613 ₹17,062 ₹14,837
Charkop 2 ₹14,166 ₹4,044 ₹17,707 ₹16,291 ₹14,166
Mulund West 9 ₹14,082 ₹6,266 ₹17,603 ₹16,195 ₹14,082
Eksar 24 ₹14,049 ₹6,698 ₹20,461 ₹16,678 ₹14,049
Chinchavali 10 ₹13,983 ₹6,425 ₹20,477 ₹17,513 ₹13,983
Majas 22 ₹13,925 ₹6,157 ₹17,406 ₹16,014 ₹13,925
Malad North 13 ₹13,711 ₹5,417 ₹17,517 ₹15,767 ₹13,711
Bhandup 11 ₹13,660 ₹5,249 ₹18,055 ₹15,708 ₹13,660
Mulund East 11 ₹13,625 ₹6,127 ₹18,664 ₹15,669 ₹13,625
Borivali 38 ₹13,557 ₹5,637 ₹18,520 ₹15,878 ₹13,557
Mohili 7 ₹13,492 ₹5,206 ₹16,866 ₹15,517 ₹13,492
Pahadi Eksar 4 ₹12,572 ₹5,265 ₹18,115 ₹15,490 ₹12,572
Dahisar 24 ₹12,457 ₹4,341 ₹16,259 ₹14,958 ₹13,007
Wadhvan 4 ₹11,824 ₹5,406 ₹15,371 ₹13,598 ₹12,022
Saki Naka 3 ₹11,402 ₹5,115 ₹19,770 ₹15,794 ₹11,402
Bandivali 5 ₹11,343 ₹5,256 ₹16,723 ₹13,045 ₹11,343
Malad East 26 ₹11,220 ₹4,124 ₹15,523 ₹12,902 ₹11,220
Asalpha 3 ₹11,171 ₹3,770 ₹13,963 ₹12,847 ₹11,171
Erangal 5 ₹10,919 ₹1,980 ₹14,002 ₹12,945 ₹11,256
Malvani 6 ₹10,357 ₹4,313 ₹12,946 ₹11,910 ₹10,357
Kurla 32 ₹9,381 ₹3,642 ₹13,071 ₹11,158 ₹9,381
Anik 6 ₹9,091 ₹3,779 ₹13,791 ₹10,454 ₹9,185
Madh Island 3 ₹6,971 ₹2,635 ₹12,226 ₹8,398 ₹7,051
Paspoli 4 ₹6,336 ₹2,693 ₹8,408 ₹7,286 ₹6,336
Mahul 5 ₹5,125 ₹1,942 ₹6,494 ₹5,894 ₹5,125
Mankhurd 15 ₹5,058 ₹1,835 ₹7,200 ₹5,816 ₹5,058
Marve 3 ₹5,027 ₹1,870 ₹6,763 ₹5,781 ₹5,027
Turbhe 6 ₹4,980 ₹1,283 ₹6,949 ₹5,727 ₹4,980
Aarey Colony 1 ₹4,977 ₹2,167 ₹8,138 ₹5,881 ₹4,977
Aksa 4 ₹4,926 ₹1,707 ₹6,740 ₹5,665 ₹4,926
Gorai 4 ₹4,693 ₹2,044 ₹6,145 ₹5,653 ₹4,916
Manori 4 ₹4,643 ₹1,685 ₹5,974 ₹5,455 ₹4,691
Dharavli 3 ₹4,513 ₹1,309 ₹6,373 ₹5,500 ₹4,783

Highest and lowest Ready Reckoner rates in Mumbai Suburban

Carter Road has the highest residential Ready Reckoner rate in Mumbai Suburban, at ₹43,578 per sq ft. Dharavli has the lowest, at ₹4,513 per sq ft. These are average (median) rates for flats across each locality’s zones.

Highest residential rates

  1. 1Carter Road₹43,578/sq ft
  2. 2Pali Hill₹42,866/sq ft
  3. 3Juhu₹37,466/sq ft
  4. 4Linking Road₹37,256/sq ft
  5. 5Khar Danda₹34,929/sq ft

Lowest residential rates

  1. 1Dharavli₹4,513/sq ft
  2. 2Manori₹4,643/sq ft
  3. 3Gorai₹4,693/sq ft
  4. 4Aksa₹4,926/sq ft
  5. 5Aarey Colony₹4,977/sq ft

Things to know about Mumbai Suburban Ready Reckoner rates

How to find Ready Reckoner rate for your property in Mumbai Suburban

  1. Find your CTS or survey number. It is on your property card, and your sale agreement and Index II also show it. Mumbai Suburban has 867 Ready Reckoner zones, each described by roads, landmarks and boundaries.
  2. Open your locality. Mumbai Suburban has 76 localities on CircleRate, grouped as Western Suburbs (51) and Central Suburbs (25). Pick a region in the locality list above, or type the name in the search box, for example “Carter Road”, “Pali Hill” and “Juhu”.
  3. Find your zone. On the locality page, match your address to a zone description. For example, Pali Hill zone 22/140 is described as “Village boundary north, Dr. Ambedkar Marg east, Pali Mala Road south, sea/Carter Road west”.
  4. Read the rate for your property type. In Pali Hill zone 22/140, the Ready Reckoner rate is ₹42,866 per sq ft (₹4,61,400 per sq m) for a flat, ₹22,900 per sq ft (₹2,46,490 per sq m) for open land and ₹53,582 per sq ft (₹5,76,750 per sq m) for a shop. So a 1,000 sq ft flat there has a Ready Reckoner value of ₹4,28,66,000 (₹4.29 crore). Flat rates apply to built-up area.

Still not sure which zone applies? The Sub-Registrar office for your area can confirm the zone it will use. Our guide to checking Ready Reckoner rate explains zones and CTS numbers with examples.

Mumbai Suburban Ready Reckoner rate for shops, offices and commercial property

Buying a shop on a busy road or an office for your business in Mumbai Suburban? Commercial property has its own Ready Reckoner rate in every zone, separate from the rate for flats, and it is usually higher. On average, a shop here is valued at ₹19,566 per sq ft, and the highest shop rates are in Carter Road.

Shops₹19,566/sq ftAverage across 76 areas
Offices₹17,308/sq ftAverage across 76 areas
Industrial₹14,845/sq ftAverage across 76 areas
Shop vs flat1.3×In areas that list both, a shop is rated this much higher than a flat

Areas with the highest shop rates in Mumbai Suburban

  1. 1 Carter Road ₹54,472Office ₹50,114
  2. 2 Pali Hill ₹53,582Office ₹49,295
  3. 3 Linking Road ₹47,720Office ₹42,844
  4. 4 Juhu ₹47,130Office ₹43,086
  5. 5 Khar Danda ₹44,825Office ₹40,168
  6. 6 Khar West ₹44,342Office ₹38,408

Shop rate per sq ft, the average across each area's zones. Your exact zone can be higher or lower.

Before you buy a commercial property in Mumbai Suburban

  • Go by how the unit is used, not the building. A shop on the ground floor of a housing society still takes the shop rate, and an office on an upper floor takes the office rate.
  • The 1% lower stamp duty for women in Maharashtra is only for homes, so it does not apply to a shop or office.
  • Parking, a mezzanine floor or a shop that does not face the road can be valued differently. Our guide to the circle rate for shops and offices explains these cases.

Stamp duty in Mumbai Suburban, with a 1,000 sq ft example

Stamp duty in Mumbai Suburban (BMC limits) is 6%: 5% duty plus 1% metro cess. A woman buying a home alone, or only with other women, pays 5%. Registration is 1%, capped at ₹30,000.

Duty is charged on the higher of your agreement value and the Ready Reckoner value of the property. Our guide to stamp duty and registration charges in Maharashtra covers the women buyer benefit and other costs.

Worked example: a 1,000 sq ft flat in Mumbai Suburban

Take the average flat rate across Mumbai Suburban district, ₹14,767 per sq ft of built-up area.

Ready Reckoner value₹14,767 × 1,000 sq ft = ₹1,47,67,000 (₹1.48 crore)
Stamp duty at 6%₹8,86,020 (₹7,38,350 for a woman buying alone, at 5%)
Registration fee₹30,000 (1% registration fee, capped at ₹30,000)
Total₹9,16,020

If your agreed price is higher than ₹1,47,67,000, stamp duty and registration are charged on the price instead. Upper floors in lift buildings and older buildings can change the value under the ASR guidelines.

Calculate stamp duty for your Mumbai Suburban property

Mumbai Suburban Ready Reckoner rate FAQs

What is Ready Reckoner rate in Mumbai Suburban per sq ft?

For a flat, the average across Mumbai Suburban district is ₹14,767 per sq ft (₹1,58,950 per sq m). But the exact rate depends on your zone, and zones here go from ₹4,264 to ₹50,031 per sq ft. Open your locality to see the rate for your zone. The government publishes the rate per sq m; we have converted it to sq ft for you.

How do I calculate Ready Reckoner value of my flat in Mumbai Suburban?

Multiply your zone’s Ready Reckoner rate by your flat’s area. A 1,000 sq ft flat in a zone rated ₹14,767 per sq ft has a Ready Reckoner value of ₹1.48 crore. Use the same unit for both: the per sq ft rate with sq ft, or the per sq m rate with sq m. Use the built-up area, not the carpet area.

Has Ready Reckoner rate in Mumbai Suburban changed for 2026-27?

No. Maharashtra kept the 2026-27 Ready Reckoner rates the same as last year, so Mumbai Suburban is still on the rates that came in on 1 April 2025. That year, rates went up by about 3.39% in Mumbai on average.

Is stamp duty in Mumbai Suburban charged on Ready Reckoner value or the sale price?

On whichever is higher. If you pay more than Ready Reckoner value, duty is charged on your price. If you pay less, it is charged on Ready Reckoner value. For a 1,000 sq ft flat with a Ready Reckoner value of ₹1.48 crore, stamp duty at 6%, the rate within BMC limits, comes to at least ₹8.86 lakh.

Can I register a property in Mumbai Suburban below Ready Reckoner rate?

Yes, you can. But you will still pay stamp duty on Ready Reckoner value, not on your lower price. The Sub-Registrar may also send the deed to the Collector to check the value, under section 32A of the Maharashtra Stamp Act. Sellers should also note that if Ready Reckoner value is more than 110% of the sale price, Ready Reckoner value is taken as the sale price for capital gains tax (section 50C, now section 78 of the Income-tax Act, 2025).

Is Ready Reckoner rate in Mumbai Suburban for carpet area or built-up area?

Built-up area, not carpet. If your agreement only mentions carpet area, it is converted using a factor of 1.1 or 1.2, depending on the area and year. So a flat with 900 sq ft of carpet area counts as roughly 990 to 1,080 sq ft built-up. At Mumbai Suburban’s average ₹14,767 per sq ft, that comes to about ₹1.5–1.6 crore.

Ready Reckoner rates in districts near Mumbai Suburban

Mumbai City Ready Reckoner rate

₹23,656 per sq ft, average flat rate across the district

20 localities

Thane Ready Reckoner rate

₹4,513 per sq ft, average flat rate across the district

212 localities

Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai Suburban, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in