Average Ready Reckoner rate for a flat in Aarey Colony area
₹4,977 per sq ft
₹53,570 per sq m
- Zones
- 1
- In Mumbai Suburban
- 5th lowest
- Applicable from
- 1 Apr 2025
Aarey Colony Ready Reckoner rate per sq ft by property type
Residential (flat)
₹4,977 per sq ft
₹53,570 per sq m
1 zone
Open land (plot)
₹2,167 per sq ft
₹23,320 per sq m
1 zone
Office
₹5,881 per sq ft
₹63,300 per sq m
1 zone
Shops
₹8,138 per sq ft
₹87,600 per sq m
1 zone
Industrial
₹4,977 per sq ft
₹53,570 per sq m
1 zone
Ready Reckoner rate in Aarey Colony: one zone
Aarey Colony has one zone in the schedule, so one set of rates applies.
Want to confirm the rate? The Borivali Sub-Registrar office can confirm the rate 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.
| Zone | Area covered | Flat₹/sq m | Open plot₹/sq m | Office₹/sq m | Shop₹/sq m | Industrial₹/sq m |
|---|---|---|---|---|---|---|
| 55/255 | Area: all properties in Aarey village. | 53,570 | 23,320 | 63,300 | 87,600 | 53,570 |
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 flat rate.
- Ready Reckoner value
- ₹49.8 lakh
- 1,000 sq ft × ₹4,977 per sq ft
- Stamp duty (6%)
- ₹2,98,620
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹3,28,620
- If your price is higher, you pay more
- Women buying a home on their own pay 1% less stamp duty: 5% instead of 6%.
If your agreed price is more than ₹49.8 lakh, use the stamp duty calculator for Aarey Colony 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 ₹4,977 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹49.8 lakh, 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.
Aarey Colony Ready Reckoner rate FAQs
What is Ready Reckoner rate in Aarey Colony per sq ft?
₹4,977 per sq ft (₹53,570 per sq m) for a flat. Aarey Colony has one zone, so this rate applies across it.
Does one Ready Reckoner rate cover all of Aarey Colony?
Yes. The schedule lists a single zone for Aarey Colony, zone 55/255. If your property isn't in it, the Borivali Sub-Registrar office can tell you which entry applies.
Is stamp duty in Aarey Colony 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 Aarey Colony's flat rate has a Ready Reckoner value of about ₹49.8 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Aarey Colony changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Aarey Colony's flat rate stays at ₹53,570 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Aarey Colony 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 Aarey Colony's average ₹4,977 per sq ft, that is roughly ₹54.7 lakh to ₹59.7 lakh.
What is Ready Reckoner rate for shops in Aarey Colony?
About ₹8,138 per sq ft (₹87,600 per sq m) on average, around 1.6 times the flat rate. Offices average ₹63,300 per sq m.
Ready Reckoner rates in other Borivali taluka areas
Borivali
Borivali · flat ₹13,557/sq ft, 172% higher than Aarey Colony
Malad East
Borivali · flat ₹11,220/sq ft, 125% higher than Aarey Colony
Aksa
Borivali · flat ₹4,926/sq ft, similar rate
Marve
Borivali · flat ₹5,027/sq ft, similar rate
Gorai
Borivali · flat ₹4,693/sq ft, 6% lower than Aarey Colony
Malvani
Borivali · flat ₹10,357/sq ft, 108% higher than Aarey Colony
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Aarey Colony with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai Suburban, Borivali, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in