Average Ready Reckoner rate for a flat in Somwar Peth area
₹3,920 per sq ft
₹42,190 per sq m
- Range by zone
- ₹3,891–₹3,960
- Zones
- 3
- Applicable from
- 1 Apr 2025
Somwar Peth Ready Reckoner rate per sq ft by property type
Residential (flat)
₹3,920 per sq ft
₹42,190 per sq m
Range by zone ₹3,891–₹3,960
Open land (plot)
₹1,163 per sq ft
₹12,520 per sq m
Range by zone ₹962–₹1,390
Office
₹4,536 per sq ft
₹48,820 per sq m
Range by zone ₹4,500–₹4,580
Shops
₹5,238 per sq ft
₹56,380 per sq m
Range by zone ₹4,963–₹5,825
Flat rates in the Somwar Peth locality range from ₹3,891 to ₹3,960 per sq ft (₹41,880 to ₹42,620 per sq m), depending on the zone. The highest is zone 8/24; the lowest is zone 8/23. Shops are rated about 1.3 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Somwar Peth area
Ready Reckoner for Somwar Peth area has 3 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.
Still not sure? The North Solapur 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 |
|---|---|---|---|---|---|
| 8/22 | Somwar Peth and Shanivar Peth: Vijapur Ves to Bharatiya Chowk | 42,190 | 14,960 | 48,820 | 62,700 |
| 8/23 | Pentara Chowk to Bakale Press and Pentara Chowk to Vijapur Ves | 41,880 | 12,520 | 48,440 | 56,380 |
| 8/24 | Remaining area T.P. Scheme 1 last plot. | 42,620 | 10,360 | 49,300 | 53,420 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Somwar Peth 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
- ₹39.2 lakh
- 1,000 sq ft × ₹3,920 per sq ft
- Every 1% of stamp duty
- ₹39,200
- 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 Somwar Peth depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹39.2 lakh, use the stamp duty calculator for Somwar Peth 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 ₹3,920 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹39.2 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.
Somwar Peth Ready Reckoner rate FAQs
What is Ready Reckoner rate in Somwar Peth per sq ft?
About ₹3,920 per sq ft (₹42,190 per sq m) for a flat in Somwar Peth on average. Zone rates run from ₹3,891 to ₹3,960 per sq ft, so use the rate for your own zone.
Which part of Somwar Peth has the highest Ready Reckoner rate?
Zone 8/24 at ₹42,620 per sq m (about ₹3,960 per sq ft). The lowest is zone 8/23, “Pentara Chowk to Bakale Press and Pentara Chowk to Vijapur Ves”, at ₹41,880 per sq m.
Is stamp duty in Somwar Peth 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 Somwar Peth's average flat rate has a Ready Reckoner value of about ₹39.2 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Somwar Peth changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Somwar Peth's average flat rate stays at ₹42,190 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Somwar Peth 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 Somwar Peth's average ₹3,920 per sq ft, that is roughly ₹43.1 lakh to ₹47 lakh.
What is Ready Reckoner rate for shops in Somwar Peth?
About ₹5,238 per sq ft (₹56,380 per sq m) on average, around 1.3 times the flat rate. Offices average ₹48,820 per sq m.
Ready Reckoner rates in other North Solapur taluka areas
Bhavani Peth
North Solapur · flat ₹3,707/sq ft, 5% lower than Somwar Peth
Kasbe Solapur
North Solapur · flat ₹3,003/sq ft, 23% lower than Somwar Peth
Nehru Nagar
North Solapur · flat ₹3,906/sq ft, about the same
Ganesh Peth
North Solapur · flat ₹4,042/sq ft, similar rate
Budhwar Peth
North Solapur · flat ₹3,851/sq ft, similar rate
North Kasba Peth
North Solapur · flat ₹4,085/sq ft, similar rate
See all 57 areas on the Solapur Ready Reckoner rate page, or compare Somwar Peth with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Solapur, North Solapur, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in