Average Ready Reckoner rate for a flat in Mahavir Nagar area
₹3,614 per sq ft
₹38,900 per sq m
- Zones
- 1
- Applicable from
- 1 Apr 2025
Mahavir Nagar Ready Reckoner rate per sq ft by property type
Residential (flat)
₹3,614 per sq ft
₹38,900 per sq m
1 zone
Open land (plot)
₹2,503 per sq ft
₹26,940 per sq m
1 zone
Office
₹4,701 per sq ft
₹50,600 per sq m
1 zone
Shops
₹5,686 per sq ft
₹61,200 per sq m
1 zone
Ready Reckoner rate in Mahavir Nagar: one zone
Mahavir Nagar has one zone in the schedule, so one set of rates applies.
Want to confirm the rate? The Nagpur Urban 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 |
|---|---|---|---|---|---|
| 1.68/196 | Mahavir Co-op Housing Society, Sheet No. 196 | 38,900 | 26,940 | 50,600 | 61,200 |
Stamp duty and registration charges for a flat
Inside the Pune, Pimpri-Chinchwad, Thane and Nagpur municipal corporations you pay 7% stamp duty and a 1% registration fee, capped at ₹30,000, on your agreement value or Ready Reckoner value, whichever is higher. Councils and villages have different rates. Here is the minimum for a 1,000 sq ft flat at 7%.
- Ready Reckoner value
- ₹36.1 lakh
- 1,000 sq ft × ₹3,614 per sq ft
- Stamp duty (7%)
- ₹2,52,980
- 5% duty + 1% LBT + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹2,82,980
- If your price is higher, you pay more
- Women buying a home on their own pay 1% less stamp duty: 6% instead of 7%.
If your agreed price is more than ₹36.1 lakh, use the stamp duty calculator for Mahavir Nagar 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 ₹3,614 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹36.1 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.
Mahavir Nagar Ready Reckoner rate FAQs
What is Ready Reckoner rate in Mahavir Nagar per sq ft?
₹3,614 per sq ft (₹38,900 per sq m) for a flat. Mahavir Nagar has one zone, so this rate applies across it.
Does one Ready Reckoner rate cover all of Mahavir Nagar?
Yes. The schedule lists a single zone for Mahavir Nagar, zone 1.68/196. If your property isn't in it, the Nagpur Urban Sub-Registrar office can tell you which entry applies.
Is stamp duty in Mahavir Nagar 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 Mahavir Nagar's flat rate has a Ready Reckoner value of about ₹36.1 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Mahavir Nagar changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Mahavir Nagar's flat rate stays at ₹38,900 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Mahavir Nagar 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 Mahavir Nagar's average ₹3,614 per sq ft, that is roughly ₹39.8 lakh to ₹43.4 lakh.
What is Ready Reckoner rate for shops in Mahavir Nagar?
About ₹5,686 per sq ft (₹61,200 per sq m) on average, around 1.6 times the flat rate. Offices average ₹50,600 per sq m.
Ready Reckoner rates in other Nagpur Urban taluka areas
Ambazari
Nagpur Urban · flat ₹6,191/sq ft, 71% higher than Mahavir Nagar
Sitabuldi
Nagpur Urban · flat ₹7,627/sq ft, 111% higher than Mahavir Nagar
Dighori
Nagpur Urban · flat ₹3,363/sq ft, 7% lower than Mahavir Nagar
Baraipura
Nagpur Urban · flat ₹3,659/sq ft, similar rate
Bangladesh Colony
Nagpur Urban · flat ₹2,861/sq ft, 21% lower than Mahavir Nagar
Mominpura
Nagpur Urban · flat ₹3,851/sq ft, 7% higher than Mahavir Nagar
See all 160 areas on the Nagpur Ready Reckoner rate page, or compare Mahavir Nagar with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Nagpur, Nagpur Urban, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in