Average Ready Reckoner rate for a flat in Malad South area
₹15,123 per sq ft
₹1,62,785 per sq m
- Range by zone
- ₹9,523–₹20,758
- Zones
- 12
- Applicable from
- 1 Apr 2025
Malad South Ready Reckoner rate per sq ft by property type
Residential (flat)
₹15,123 per sq ft
₹1,62,785 per sq m
Range by zone ₹9,523–₹20,758
Open land (plot)
₹6,926 per sq ft
₹74,555 per sq m
Range by zone ₹4,305–₹9,387
Office
₹18,380 per sq ft
₹1,97,840 per sq m
Range by zone ₹12,551–₹23,872
Shops
₹21,627 per sq ft
₹2,32,790 per sq m
Range by zone ₹16,165–₹25,948
Industrial
₹15,123 per sq ft
₹1,62,785 per sq m
Range by zone ₹9,523–₹20,758
Flat rates in the Malad South locality range from ₹9,523 to ₹20,758 per sq ft (₹1,02,500 to ₹2,23,440 per sq m), depending on the zone. The highest is zone 63/297A; the lowest is zone 63/304. Shops are rated about 1.4 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Malad South area
Ready Reckoner for Malad South area has 12 zones. They are described by roads and ward or sector numbers, 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 |
|---|---|---|---|---|---|---|
| 63/297 | Village boundary north; Link Rd east; ward boundary south; creek west | 1,77,640 | 80,660 | 2,04,280 | 2,22,040 | 1,77,640 |
| 63/297A | Properties in the APAM project complex | 2,23,440 | 98,530 | 2,56,960 | 2,79,300 | 2,23,440 |
| 63/298 | Area bounded by Mamledar Wadi Marg to the north, S.V. Road to the east, the ward boundary to the south, and Link Road to the west | 1,47,580 | 61,580 | 1,69,710 | 1,93,400 | 1,47,580 |
| 63/298A | Area bounded by Mamledar Wadi Marg to the north, Swami Vivekanand Marg to the east, Link Road to the west, and Cross Roads No. 3 and 4 (Undrai Road) to the south | 1,47,580 | 61,580 | 1,69,710 | 1,93,400 | 1,47,580 |
| 63/299 | Swami Vivekanand Rd | 1,44,350 | 68,450 | 1,91,400 | 2,57,000 | 1,44,350 |
| 63/300 | Mamledarwadi Marg north; railway east; village boundary south; S.V. Rd west | 1,47,930 | 59,160 | 1,70,120 | 1,84,910 | 1,47,930 |
| 63/301 | Ward boundary north; Link Rd east; village boundary south; creek west | 1,93,910 | 96,230 | 2,22,900 | 2,42,390 | 1,93,910 |
| 63/301A | Properties on both sides of New Link Rd, from Malad South's south boundary to its north boundary | 2,03,600 | 1,01,040 | 2,34,140 | 2,54,500 | 2,03,600 |
| 63/302 | Ward boundary north; village boundary east and south; Link Rd west | 1,86,230 | 90,170 | 2,14,170 | 2,32,790 | 1,86,230 |
| 63/302A | Separate valuation zone for slum-occupied properties under the original valuation zone 63/302 | 1,86,230 | 81,150 | 2,14,170 | 2,32,790 | 1,86,230 |
| 63/303 | Swami Vivekanand Rd | 1,45,660 | 68,240 | 1,70,600 | 2,38,100 | 1,38,070 |
| 63/304 | Triangular area between S.V. Rd and the southern and eastern village boundaries | 1,02,500 | 46,340 | 1,35,100 | 1,74,000 | 1,02,500 |
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
- ₹1.51 crore
- 1,000 sq ft × ₹15,123 per sq ft
- Stamp duty (6%)
- ₹9,07,380
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹9,37,380
- 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 ₹1.51 crore, use the stamp duty calculator for Malad South 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 ₹15,123 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹1.51 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.
Malad South Ready Reckoner rate FAQs
What is Ready Reckoner rate in Malad South per sq ft?
About ₹15,123 per sq ft (₹1,62,785 per sq m) for a flat in Malad South on average. Zone rates run from ₹9,523 to ₹20,758 per sq ft, so use the rate for your own zone.
Which part of Malad South has the highest Ready Reckoner rate?
Zone 63/297A at ₹2,23,440 per sq m (about ₹20,758 per sq ft). The lowest is zone 63/304 at ₹1,02,500 per sq m.
Is stamp duty in Malad South 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 Malad South's average flat rate has a Ready Reckoner value of about ₹1.51 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Malad South changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Malad South's average flat rate stays at ₹1,62,785 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Malad South 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 Malad South's average ₹15,123 per sq ft, that is roughly ₹1.66 crore to ₹1.81 crore.
What is Ready Reckoner rate for shops in Malad South?
About ₹21,627 per sq ft (₹2,32,790 per sq m) on average, around 1.4 times the flat rate. Offices average ₹1,97,840 per sq m.
Ready Reckoner rates in other Borivali taluka areas
Borivali
Borivali · flat ₹13,557/sq ft, 10% lower than Malad South
Malad East
Borivali · flat ₹11,220/sq ft, 26% lower than Malad South
Kandivali
Borivali · flat ₹14,665/sq ft, similar rate
Dindoshi
Borivali · flat ₹15,496/sq ft, similar rate
Magathane
Borivali · flat ₹14,625/sq ft, similar rate
Poisar
Borivali · flat ₹15,748/sq ft, similar rate
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Malad South 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