Average Ready Reckoner rate for a flat in Palaspe area
₹5,100 per sq ft
₹54,900 per sq m
- Range by zone
- ₹4,636–₹6,410
- Zones
- 8
- Applicable from
- 1 Apr 2025
Palaspe Ready Reckoner rate per sq ft by property type
Residential (flat)
₹5,100 per sq ft
₹54,900 per sq m
Range by zone ₹4,636–₹6,410
Open land (plot)
₹944 per sq ft
₹10,160 per sq m
Range by zone ₹236–₹1,059
Office
₹5,751 per sq ft
₹61,900 per sq m
Range by zone ₹5,230–₹7,061
Shops
₹6,410 per sq ft
₹69,000 per sq m
Range by zone ₹5,825–₹8,027
Industrial
₹5,751 per sq ft
₹61,900 per sq m
Range by zone ₹5,230–₹7,061
Agricultural / green zone
₹37,01,000 / hectare
About ₹370/sq m
1 zone, not in the average figures
Flat rates in the Palaspe locality range from ₹4,636 to ₹6,410 per sq ft (₹49,900 to ₹69,000 per sq m), depending on the zone. The highest is zone 5/8; the lowest is zone 5/7.
Zone wise Ready Reckoner rate in Palaspe area
Ready Reckoner for Palaspe area has 8 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 survey number from your 7/12 extract (satbara utara) to the Sub-Registrar office, and they can tell you the zone code to type here.
Farm and green-zone land is rated per hectare, so it has its own column.
Still not sure? The Panvel 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 | Agri / green zone₹/hectare |
|---|---|---|---|---|---|---|---|
| 5/1 | Forest land | — | — | — | — | — | 37,01,000 |
| 5/2 | Lands in the village settlement and hamlets | 51,900 | 10,900 | 56,300 | 67,700 | 56,300 | — |
| 5/3 | Residential and other allied in use highway facing developed lands | 57,600 | 11,400 | 64,800 | 72,400 | 64,800 | — |
| 5/4 | Built-up land for homes and shops | 56,100 | 10,160 | 64,800 | 71,100 | 64,800 | — |
| 5/5 | Open land for building homes and shops | 54,900 | 6,370 | 61,900 | 69,000 | 61,900 | — |
| 5/6 | Open land for building homes and shops | 51,300 | 2,540 | 59,100 | 64,600 | 59,100 | — |
| 5/7 | Residential and other allied in use highway facing developable lands | 49,900 | 7,040 | 57,400 | 62,700 | 57,400 | — |
| 5/8 | Arihant Aspayara | 69,000 | 11,400 | 76,000 | 86,400 | 76,000 | — |
— means the schedule publishes no rate for that zone.
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Palaspe 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
- ₹51 lakh
- 1,000 sq ft × ₹5,100 per sq ft
- Every 1% of stamp duty
- ₹51,000
- 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 Palaspe depends on the local body. The Sub-Registrar office can confirm it.
- At ₹50 lakh or more, the buyer also deducts 1% TDS from the payment to the seller.
If your agreed price is more than ₹51 lakh, use the stamp duty calculator for Palaspe 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 ₹5,100 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹51 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.
Palaspe Ready Reckoner rate FAQs
What is Ready Reckoner rate in Palaspe per sq ft?
About ₹5,100 per sq ft (₹54,900 per sq m) for a flat in Palaspe on average. Zone rates run from ₹4,636 to ₹6,410 per sq ft, so use the rate for your own zone.
Why are some Ready Reckoner rates in Palaspe given per hectare?
One zone is agricultural or green-zone land, which Ready Reckoner lists per hectare. It is ₹37,01,000 per hectare, about ₹370 per sq m. One hectare is 10,000 sq m, about 2.47 acres.
Which part of Palaspe has the highest Ready Reckoner rate?
Zone 5/8 at ₹69,000 per sq m (about ₹6,410 per sq ft). The lowest is zone 5/7, “Residential and other allied in use highway facing developable lands”, at ₹49,900 per sq m.
Is stamp duty in Palaspe 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 Palaspe's average flat rate has a Ready Reckoner value of about ₹51 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Palaspe changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Palaspe's average flat rate stays at ₹54,900 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Palaspe 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 Palaspe's average ₹5,100 per sq ft, that is roughly ₹56.1 lakh to ₹61.2 lakh.
Ready Reckoner rates in other Panvel taluka areas
Kalundre
Panvel · flat ₹5,384/sq ft, 6% higher than Palaspe
Rohinjan
Panvel · flat ₹5,927/sq ft, 16% higher than Palaspe
Chipale
Panvel · flat ₹5,007/sq ft, similar rate
Ghot
Panvel · flat ₹5,128/sq ft, about the same
Navade
Panvel · flat ₹4,989/sq ft, similar rate
Nere
Panvel · flat ₹5,138/sq ft, about the same
See all 98 areas on the Raigad Ready Reckoner rate page, or compare Palaspe with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Raigad, Panvel, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in