Average Ready Reckoner rate for a flat in Madhavnagar area
₹2,588 per sq ft
₹27,855 per sq m
- Range by zone
- ₹2,468–₹2,847
- Zones
- 11
- Applicable from
- 1 Apr 2025
Madhavnagar Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,588 per sq ft
₹27,855 per sq m
Range by zone ₹2,468–₹2,847
Open land (plot)
₹537 per sq ft
₹5,780 per sq m
Range by zone ₹362–₹808
Office
₹2,960 per sq ft
₹31,860 per sq m
Range by zone ₹2,838–₹3,217
Shops
₹3,217 per sq ft
₹34,630 per sq m
Range by zone ₹3,085–₹3,497
Flat rates in the Madhavnagar locality range from ₹2,468 to ₹2,847 per sq ft (₹26,570 to ₹30,650 per sq m), depending on the zone. The highest is zone 11/73; the lowest is zone 12/80.
Zone wise Ready Reckoner rate in Madhavnagar area
Ready Reckoner for Madhavnagar area has 11 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 Miraj 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 |
|---|---|---|---|---|---|
| 11/70 | Madhavanagar Road. | 27,180 | 6,580 | 31,250 | 33,970 |
| 11/71 | Interior: north of Tinbara Market, including Paranjape Colony, the area to its south and west up to the amrai (red plots) (the part west of the railway line | 30,110 | 8,700 | 34,630 | 37,640 |
| 11/72 | Interior: north of Paranjape Colony and Madhavnagar on the road, up to the Ovhara bridge (the part west of the railway line) | 28,010 | 6,760 | 32,210 | 35,010 |
| 11/73 | Interior Remaining. | 30,650 | 3,900 | — | — |
| 12/74 | Madhavanagar Road. | 27,380 | 6,410 | 31,490 | 34,230 |
| 12/75 | Kupwad Road | 28,630 | 5,780 | 32,920 | 35,800 |
| 12/76 | Interior Navina State Bnka colony.Khoja colony | 28,880 | 7,320 | 33,210 | 36,100 |
| 12/77 | Interior Shivaji colony. | 27,610 | 5,720 | 31,760 | 34,520 |
| 12/78 | Interior Myunisipal Indastriyal area and Sakhara Karakhana | — | 4,340 | — | — |
| 12/79 | Interior Chintamani Nagar | 27,700 | 5,570 | 31,860 | 34,630 |
| 12/80 | Kupwad Road / excluding the area along the Ma. Nagar road.) | 26,570 | 5,320 | 30,550 | 33,210 |
— 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 Madhavnagar 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
- ₹25.9 lakh
- 1,000 sq ft × ₹2,588 per sq ft
- Every 1% of stamp duty
- ₹25,880
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹25,880
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Madhavnagar depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹25.9 lakh, use the stamp duty calculator for Madhavnagar 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 ₹2,588 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹25.9 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.
Madhavnagar Ready Reckoner rate FAQs
What is Ready Reckoner rate in Madhavnagar per sq ft?
About ₹2,588 per sq ft (₹27,855 per sq m) for a flat in Madhavnagar on average. Zone rates run from ₹2,468 to ₹2,847 per sq ft, so use the rate for your own zone.
Which part of Madhavnagar has the highest Ready Reckoner rate?
Zone 11/73 at ₹30,650 per sq m (about ₹2,847 per sq ft). The lowest is zone 12/80, “Kupwad Road / excluding the area along the Ma. Nagar road.)”, at ₹26,570 per sq m.
Is stamp duty in Madhavnagar 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 Madhavnagar's average flat rate has a Ready Reckoner value of about ₹25.9 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Madhavnagar changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Madhavnagar's average flat rate stays at ₹27,855 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Madhavnagar 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 Madhavnagar's average ₹2,588 per sq ft, that is roughly ₹28.5 lakh to ₹31.1 lakh.
What is Ready Reckoner rate for shops in Madhavnagar?
About ₹3,217 per sq ft (₹34,630 per sq m) on average, around 1.2 times the flat rate. Offices average ₹31,860 per sq m.
Ready Reckoner rates in other Miraj taluka areas
Sangli Peth
Miraj · flat ₹3,671/sq ft, 42% higher than Madhavnagar
Rajwada
Miraj · flat ₹3,133/sq ft, 21% higher than Madhavnagar
Miraj
Miraj · flat ₹2,579/sq ft, about the same
Kupwad
Miraj · flat ₹2,766/sq ft, 7% higher than Madhavnagar
Sangliwadi
Miraj · flat ₹2,885/sq ft, 11% higher than Madhavnagar
Kolhapur Road
Miraj · flat ₹3,012/sq ft, 16% higher than Madhavnagar
See all 22 areas on the Sangli Ready Reckoner rate page, or compare Madhavnagar with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Sangli, Miraj, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in