Average Ready Reckoner rate for a flat in Marve area
₹5,027 per sq ft
₹54,110 per sq m
- Range by zone
- ₹4,680–₹5,374
- Zones
- 3
- In Mumbai Suburban
- 7th lowest
- Applicable from
- 1 Apr 2025
Marve Ready Reckoner rate per sq ft by property type
Residential (flat)
₹5,027 per sq ft
₹54,110 per sq m
Range by zone ₹4,680–₹5,374
Open land (plot)
₹1,870 per sq ft
₹20,130 per sq m
Range by zone ₹1,309–₹2,179
Office
₹5,781 per sq ft
₹62,225 per sq m
Range by zone ₹5,383–₹6,179
Shops
₹6,763 per sq ft
₹72,800 per sq m
Range by zone ₹6,717–₹6,810
Industrial
₹5,027 per sq ft
₹54,110 per sq m
Range by zone ₹4,680–₹5,374
Flat rates in the Marve locality range from ₹4,680 to ₹5,374 per sq ft (₹50,380 to ₹57,840 per sq m), depending on the zone. The highest is zone 68/323; the lowest is zone 68/322. Shops are rated about 1.3 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Marve area
Ready Reckoner for Marve area has 3 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 |
|---|---|---|---|---|---|---|
| 68/322 | Area: the area between: the sea coast of Marve and Erangal Aksa to the west, the eastern boundary of Erangal Road going from Marve Road up to Madh island to the east, Malad Manori Road to the north and Madh village boundary to the south. | 50,380 | 20,130 | 57,940 | 73,300 | 50,380 |
| 68/323 | Area: the area between: the eastern side of Erangal Road to the west, the northern boundary of Madh village to the south, Malad Creek to the east and the northern boundary of the ward to the north. | 57,840 | 23,450 | 66,510 | 72,300 | 57,840 |
| 68/323A | Area: properties included in the Natural Area use zone as per the approved Development Plan 2034. | — | 14,090 | — | — | — |
— 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
- ₹50.3 lakh
- 1,000 sq ft × ₹5,027 per sq ft
- Stamp duty (6%)
- ₹3,01,620
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹3,31,620
- If your price is higher, you pay more
- Women buying a home on their own pay 1% less stamp duty: 5% instead of 6%.
- At ₹50 lakh or more, the buyer also deducts 1% TDS from the payment to the seller.
If your agreed price is more than ₹50.3 lakh, use the stamp duty calculator for Marve 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 ₹5,027 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹50.3 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.
Marve Ready Reckoner rate FAQs
What is Ready Reckoner rate in Marve per sq ft?
About ₹5,027 per sq ft (₹54,110 per sq m) for a flat in Marve on average. Zone rates run from ₹4,680 to ₹5,374 per sq ft, so use the rate for your own zone.
Which part of Marve has the highest Ready Reckoner rate?
Zone 68/323 at ₹57,840 per sq m (about ₹5,374 per sq ft). The lowest is zone 68/322 at ₹50,380 per sq m.
Is stamp duty in Marve 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 Marve's average flat rate has a Ready Reckoner value of about ₹50.3 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Marve changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Marve's average flat rate stays at ₹54,110 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Marve 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 Marve's average ₹5,027 per sq ft, that is roughly ₹55.3 lakh to ₹60.3 lakh.
What is Ready Reckoner rate for shops in Marve?
About ₹6,763 per sq ft (₹72,800 per sq m) on average, around 1.3 times the flat rate. Offices average ₹62,225 per sq m.
Ready Reckoner rates in other Borivali taluka areas
Borivali
Borivali · flat ₹13,557/sq ft, 170% higher than Marve
Malad East
Borivali · flat ₹11,220/sq ft, 123% higher than Marve
Aarey Colony
Borivali · flat ₹4,977/sq ft, about the same
Malvani
Borivali · flat ₹10,357/sq ft, 106% higher than Marve
Aksa
Borivali · flat ₹4,926/sq ft, similar rate
Erangal
Borivali · flat ₹10,919/sq ft, 117% higher than Marve
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Marve 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