Average Ready Reckoner rate for a flat in Malvani area
₹10,357 per sq ft
₹1,11,480 per sq m
- Range by zone
- ₹9,089–₹11,504
- Zones
- 6
- Applicable from
- 1 Apr 2025
Malvani Ready Reckoner rate per sq ft by property type
Residential (flat)
₹10,357 per sq ft
₹1,11,480 per sq m
Range by zone ₹9,089–₹11,504
Open land (plot)
₹4,313 per sq ft
₹46,430 per sq m
Range by zone ₹2,257–₹5,740
Office
₹11,910 per sq ft
₹1,28,200 per sq m
Range by zone ₹10,606–₹13,229
Shops
₹12,946 per sq ft
₹1,39,350 per sq m
Range by zone ₹11,527–₹14,380
Industrial
₹10,357 per sq ft
₹1,11,480 per sq m
Range by zone ₹9,222–₹11,504
Flat rates in the Malvani locality range from ₹9,089 to ₹11,504 per sq ft (₹97,830 to ₹1,23,830 per sq m), depending on the zone. The highest is zone 69/325; the lowest is zone 69/325A.
Zone wise Ready Reckoner rate in Malvani area
Ready Reckoner for Malvani area has 6 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 |
|---|---|---|---|---|---|---|
| 69/324 | Area: all properties in Malwani village (excluding Malad Marve Marg creek up to Malwani Church). | 1,11,480 | 46,430 | 1,28,200 | 1,39,350 | 1,11,480 |
| 69/324A | Area: properties included in the CRZ-I zone. | — | 24,290 | — | — | — |
| 69/324B | Area: properties included in the Natural Area use zone as per the approved Development Plan 2034. | — | 24,290 | — | — | — |
| 69/324C | Area: properties in the Marina Enclave project. | 1,11,480 | 46,430 | 1,28,200 | 1,39,350 | 1,11,480 |
| 69/325 | Road: Malad Marve Marg (creek up to Malwani Church). | 1,23,830 | 61,790 | 1,42,400 | 1,54,780 | 1,23,830 |
| 69/325A | Area: adjoining Charkop boundary to the north, 13.50 m development plan road to the south, boundary of C.S. No. 6 (part) to the west and Malwani village boundary to the east. | 97,830 | 53,960 | 1,14,160 | 1,24,080 | 99,270 |
— 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
- ₹1.04 crore
- 1,000 sq ft × ₹10,357 per sq ft
- Stamp duty (6%)
- ₹6,21,420
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹6,51,420
- 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 ₹1.04 crore, use the stamp duty calculator for Malvani 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 ₹10,357 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹1.04 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.
Malvani Ready Reckoner rate FAQs
What is Ready Reckoner rate in Malvani per sq ft?
About ₹10,357 per sq ft (₹1,11,480 per sq m) for a flat in Malvani on average. Zone rates run from ₹9,089 to ₹11,504 per sq ft, so use the rate for your own zone.
Which part of Malvani has the highest Ready Reckoner rate?
Zone 69/325, “Road: Malad Marve Marg (creek up to Malwani Church)”, at ₹1,23,830 per sq m (about ₹11,504 per sq ft). The lowest is zone 69/325A at ₹97,830 per sq m.
Is stamp duty in Malvani 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 Malvani's average flat rate has a Ready Reckoner value of about ₹1.04 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Malvani changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Malvani's average flat rate stays at ₹1,11,480 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Malvani 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 Malvani's average ₹10,357 per sq ft, that is roughly ₹1.14 crore to ₹1.24 crore.
What is Ready Reckoner rate for shops in Malvani?
About ₹12,946 per sq ft (₹1,39,350 per sq m) on average, around 1.3 times the flat rate. Offices average ₹1,28,200 per sq m.
Ready Reckoner rates in other Borivali taluka areas
Borivali
Borivali · flat ₹13,557/sq ft, 31% higher than Malvani
Dahisar
Borivali · flat ₹12,457/sq ft, 20% higher than Malvani
Marve
Borivali · flat ₹5,027/sq ft, 51% lower than Malvani
Erangal
Borivali · flat ₹10,919/sq ft, 5% higher than Malvani
Aarey Colony
Borivali · flat ₹4,977/sq ft, 52% lower than Malvani
Malad East
Borivali · flat ₹11,220/sq ft, 8% higher than Malvani
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Malvani 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