Average Ready Reckoner rate for a flat in Magathane area
₹14,625 per sq ft
₹1,57,420 per sq m
- Range by zone
- ₹5,970–₹22,042
- Zones
- 14
- Applicable from
- 1 Apr 2025
Magathane Ready Reckoner rate per sq ft by property type
Residential (flat)
₹14,625 per sq ft
₹1,57,420 per sq m
Range by zone ₹5,970–₹22,042
Open land (plot)
₹6,196 per sq ft
₹66,690 per sq m
Range by zone ₹2,641–₹8,395
Office
₹16,987 per sq ft
₹1,82,850 per sq m
Range by zone ₹16,638–₹25,349
Shops
₹19,519 per sq ft
₹2,10,100 per sq m
Range by zone ₹7,463–₹27,552
Industrial
₹14,772 per sq ft
₹1,59,000 per sq m
Range by zone ₹14,468–₹22,042
Flat rates in the Magathane locality range from ₹5,970 to ₹22,042 per sq ft (₹64,260 to ₹2,37,260 per sq m), depending on the zone. The highest is zone 86/390A; the lowest is zone 86/392. Shops are rated about 1.3 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Magathane area
Ready Reckoner for Magathane area has 14 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 Borivali 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 |
|---|---|---|---|---|---|---|
| 86/386 | Area: village limit to the north, railway line to the east, village limit to the south and Swami Vivekananda Road to the west. | 1,57,420 | 67,510 | 1,81,030 | 1,96,780 | 1,57,420 |
| 86/387 | Road: Swami Vivekananda Road. | 1,60,580 | 81,000 | 1,84,670 | 2,26,600 | 1,60,580 |
| 86/388 | Area: all properties of this village to the west of Swami Vivekananda Road. | 1,55,730 | 66,690 | 1,79,090 | 1,99,100 | 1,55,730 |
| 86/388A | Area: properties in the Lodha Altus project. | 1,55,730 | 66,690 | 1,79,090 | 1,99,100 | 1,55,730 |
| 86/389 | Area: the 36.60 m development plan road in front of Rajendranagar to the north, expressway to the east, village limit to the south and railway line to the west. | 1,56,870 | 64,720 | 1,80,400 | 2,10,100 | 1,56,870 |
| 86/389A | Area: properties with an area of more than 5 hectares. | 1,74,820 | 65,480 | 2,01,050 | 2,18,530 | 1,74,820 |
| 86/389B | Area: the following included properties between: Dattapada Road and partly village boundary to the north, Brahmkumari Road to the east, Poisar village boundary to the south, and Western Railway line to the west. | 1,56,870 | 64,720 | 1,80,400 | 2,10,100 | 1,56,870 |
| 86/389C | Area: separate rate division for properties under slums in the original rate division Nos. 86/389, 86/389B and 86/390. | 1,56,870 | 58,250 | 1,80,400 | 2,10,100 | 1,56,870 |
| 86/390 | Area: village limit to the north, expressway to the east, Dattapada Road to the south and railway line to the west. | 2,04,880 | 79,440 | 2,35,610 | 2,56,100 | 2,04,880 |
| 86/390A | Area: properties with an area of more than 5 hectares. | 2,37,260 | 78,860 | 2,72,850 | 2,96,570 | 2,37,260 |
| 86/391 | Area: village limit to the north, National Park to the east, the south-to-north 36.60 m wide development plan road, village limit to the south, expressway to the west. | 1,72,030 | 73,480 | 1,97,830 | 2,15,040 | 1,72,030 |
| 86/392 | Area: part of the National Park. | 64,260 | 34,010 | — | 80,330 | — |
| 86/392A | Area: properties included in the Natural Area use zone as per the approved Development Plan 2034. | — | 28,430 | — | — | — |
| 86/393 | Area: 36.60 m wide development plan road to the north, National Park boundary to the east, ward boundary to the south and the south-to-north 36.60 m wide development plan road to the west. | 2,26,790 | 90,360 | 2,60,810 | 2,83,480 | 2,26,790 |
— means the schedule publishes no rate for that zone.
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
- ₹1.46 crore
- 1,000 sq ft × ₹14,625 per sq ft
- Stamp duty (6%)
- ₹8,77,500
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹9,07,500
- 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 ₹1.46 crore, use the stamp duty calculator for Magathane 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 ₹14,625 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹1.46 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.
Magathane Ready Reckoner rate FAQs
What is Ready Reckoner rate in Magathane per sq ft?
About ₹14,625 per sq ft (₹1,57,420 per sq m) for a flat in Magathane on average. Zone rates run from ₹5,970 to ₹22,042 per sq ft, so use the rate for your own zone.
Which part of Magathane has the highest Ready Reckoner rate?
Zone 86/390A at ₹2,37,260 per sq m (about ₹22,042 per sq ft). The lowest is zone 86/392 at ₹64,260 per sq m.
Is stamp duty in Magathane 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 Magathane's average flat rate has a Ready Reckoner value of about ₹1.46 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Magathane changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Magathane's average flat rate stays at ₹1,57,420 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Magathane 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 Magathane's average ₹14,625 per sq ft, that is roughly ₹1.61 crore to ₹1.75 crore.
What is Ready Reckoner rate for shops in Magathane?
About ₹19,519 per sq ft (₹2,10,100 per sq m) on average, around 1.3 times the flat rate. Offices average ₹1,82,850 per sq m.
Ready Reckoner rates in other Borivali taluka areas
Borivali
Borivali · flat ₹13,557/sq ft, 7% lower than Magathane
Malad East
Borivali · flat ₹11,220/sq ft, 23% lower than Magathane
Charkop
Borivali · flat ₹14,166/sq ft, similar rate
Kandivali
Borivali · flat ₹14,665/sq ft, about the same
Eksar
Borivali · flat ₹14,049/sq ft, similar rate
Malad South
Borivali · flat ₹15,123/sq ft, similar rate
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Magathane 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