Mahavir Chowk Ready Reckoner Rate 2026-27

Average Ready Reckoner rate for a flat in Mahavir Chowk area

₹4,169 per sq ft

₹44,880 per sq m

Range by zone: ₹3,975–₹4,394
Zones: 6
In Nanded: 2nd highest
Applicable from: 1 Apr 2025

Mahavir Chowk Ready Reckoner rate per sq ft by property type

Residential (flat)

₹4,169 per sq ft

₹44,880 per sq m

Range by zone ₹3,975–₹4,394

Open land (plot)

₹2,945 per sq ft

₹31,700 per sq m

Range by zone ₹2,546–₹3,301

Office

₹4,463 per sq ft

₹48,035 per sq m

Range by zone ₹4,274–₹5,862

Shops

₹7,479 per sq ft

₹80,500 per sq m

Range by zone ₹6,968–₹9,941

Flat rates in the Mahavir Chowk locality range from ₹3,975 to ₹4,394 per sq ft (₹42,790 to ₹47,300 per sq m), depending on the zone. The highest is zone 1.47; the lowest is zone 1.36. Shops are rated about 1.8 times flats, so use the shop column for a ground-floor shop.

Zone wise Ready Reckoner rate in Mahavir Chowk area

Ready Reckoner for Mahavir Chowk 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 Nanded 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.

Zone	Area covered	Flat₹/sq m	Open plot₹/sq m	Office₹/sq m	Shop₹/sq m
1.35	Properties on both sides of the road from the D.S.P. office to the Shivaji statue	44,880	35,530	46,920	77,000
1.36	Properties on both sides of the road from the Shivaji statue to Railway Station Road (Ambedkar statue)	42,790	30,900	46,000	75,000
1.37	Properties on both sides of the road from Mahavir Chowk to the D.S.P. office	44,880	32,500	63,100	1,07,000
1.38	Properties on both sides of the road from Mahavir Chowk to the Shivaji statue	44,220	33,810	46,230	84,000
1.39	Properties on both sides of the road from Plaza Complex (Khandelwal) to the Malpani Building	47,010	30,600	49,150	84,000
1.47	Properties on both sides of the road from the D.S.P. office to the Police Headquarters (Police Parade Ground)	47,300	27,400	49,450	77,000

Stamp duty and registration charges for a flat

In Maharashtra, stamp duty rate depends on whether Mahavir Chowk falls in a municipal corporation, a council or a village. It is charged on your agreement value or Ready Reckoner value, whichever is higher, and registration fee is 1%, capped at ₹30,000. Here are the figures for a 1,000 sq ft flat at this area's average flat rate.

Ready Reckoner value: ₹41.7 lakh; 1,000 sq ft × ₹4,169 per sq ft
Every 1% of stamp duty: ₹41,690; The Sub-Registrar office can tell you the rate here
Registration fee (1%): ₹30,000; Capped at ₹30,000

Women buying a home on their own pay 1% less stamp duty.
Stamp duty rate for Mahavir Chowk depends on the local body. The Sub-Registrar office can confirm it.

If your agreed price is more than ₹41.7 lakh, use the stamp duty calculator for Mahavir Chowk 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 ₹4,169 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹41.7 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 Chowk Ready Reckoner rate FAQs

What is Ready Reckoner rate in Mahavir Chowk per sq ft?

About ₹4,169 per sq ft (₹44,880 per sq m) for a flat in Mahavir Chowk on average. Zone rates run from ₹3,975 to ₹4,394 per sq ft, so use the rate for your own zone.

Which part of Mahavir Chowk has the highest Ready Reckoner rate?

Zone 1.47 at ₹47,300 per sq m (about ₹4,394 per sq ft). The lowest is zone 1.36 at ₹42,790 per sq m.

Is stamp duty in Mahavir Chowk 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 Chowk's average flat rate has a Ready Reckoner value of about ₹41.7 lakh. If you pay more than that, duty is on your price.

Has Ready Reckoner rate in Mahavir Chowk changed for 2026-27?

No. The 2026-27 rates are the same as 2025-26, so Mahavir Chowk's average flat rate stays at ₹44,880 per sq m. The last change was on 1 April 2025.

Is Ready Reckoner rate in Mahavir Chowk 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 Chowk's average ₹4,169 per sq ft, that is roughly ₹45.9 lakh to ₹50 lakh.

What is Ready Reckoner rate for shops in Mahavir Chowk?

About ₹7,479 per sq ft (₹80,500 per sq m) on average, around 1.8 times the flat rate. Offices average ₹48,035 per sq m.

Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Nanded, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in

Mahavir Chowk Ready Reckoner rate 2026-27, Nanded

Mahavir Chowk Ready Reckoner rate per sq ft by property type

Zone wise Ready Reckoner rate in Mahavir Chowk area

Stamp duty and registration charges for a flat

Buying a resale flat

Mahavir Chowk Ready Reckoner rate FAQs

Ready Reckoner rates in other Nanded taluka areas

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