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The ready reckoner rate or the guidance value is the minimum valuation at which a land asset should be registered in the case of a transfer. It aims to prevent stamp duty evasion through the undervaluation of agreements and to reduce disputes over stamp duty quantum.


All state governments publish area-wise ready reckoner rates of properties on a yearly basis.

Why is the Ready Reckoner Rate an Important Concept?

Ready reckoner rates are the fair value price of a property set by the state government. In such a scenario, the builders can charge premiums over such rates freely. An individual will also be required to provide a higher value to possess a house over the ready reckoner rates. 

 

Hence, if a state government revises these rates, it implies that a house buyer will have to spend more money than earlier. The ready reckoner rates are one of the biggest sources of revenue for the state government. 

 

The Government of Maharashtra, for example, has declared that they will increase the ready reckoner rates, implying that the costs of the properties will become higher for the buyers.

Ready Reckoner Rates in Maharashtra

The people in Maharashtra are to register their properties through the ready reckoner rates, irrespective of whether the market worth of the property is lesser or more. Based on the ready reckoner rates of the property, the registration fees and the stamp duty are calculated. 

 

If the market value of the property which has been chosen is lower than its ready reckoner rate, the additional registration fees and the stamp duty must be paid by the buyer to finish the deal. 

 

The agents get an option to register a complaint with the RERA Maharashtra for transactions lesser than the ready reckoner pricing of a specific property. These rates also help in controlling the speculative prices in Maharashtra. 

Revised Ready Reckoner Rates in Maharashtra for 2024

Following are a few hiked rates in some of the cities of Maharashtra:

City

Revised Rate

Navi Mumbai

8.90%

Ulas Nagar

9.81%

Aurangabad

12.38%

Thane

9.48%

Pune

6.12%

Nashik

12.15%

Ahmednagar

7.72%

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

What is the Premium on Ready Reckoner Rates in Maharashtra?

Up to 20% of the premium is charged on Maharashtra’s ready reckoner rates. This amount is charged only on the high-rise buildings in Pune, Navi Mumbai, Mumbai, and Nashik. Following are the charges:

Floors

Premium Charged

Up to 4th floor

Nil

5th floor to 10th floor

5%

11th floor to 20th floor

10%

21st floor to 30th floor

15%

Above 31st floor

20%

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates in Mumbai for 2024

Here are a few ready reckoner rates in some of Mumbai’s key localities:

Area

Office (Rs. Per Square Meter)

Flats And Apartments (Rs. Per Square Meter)

Andheri East

₹1.25 Lakhs - ₹2.68 Lakhs

₹1.14 Lakhs - ₹2.44 Lakhs

Andheri Oshiwara

₹1.21 Lakhs - ₹2.61 Lakhs

₹1.01 Lakhs - ₹2.37 Lakhs

Andheri East Marol

₹1.11 Lakhs - ₹1.78 Lakhs

₹92,100 - ₹1.57 Lakhs

Andheri East Kurla Road

₹1.43 Lakhs - ₹1.74 Lakhs

₹1.08 Lakhs - ₹1.58 Lakhs

Andheri Borivali

₹1.66 Lakhs - ₹1.90 Lakhs

₹1.45 Lakhs - ₹1.73 Lakhs

Andheri West

₹1.56 Lakhs - ₹2.60 Lakhs

₹1.38 Lakhs - ₹2.10 Lakhs

Andheri Versova

₹1.64 Lakhs - ₹2.60 Lakhs

₹1.49 Lakhs - ₹2.09 Lakhs

Bandra East

₹1.30 Lakhs - ₹3.27 Lakhs

₹1.11 Lakhs - ₹2.90 Lakhs

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates in Navi Mumbai for 2024

Here are the ready reckoner rates in few of the key localities in Navi Mumbai:

Name

Industrial

Residential

Airoli 

₹85,700

₹80,300

Kopar khairane  

₹1,01,900

₹87,700

Ghansoli 

₹91,500

₹76,300

Vashi

₹1.20 Lakhs

₹1.03 Lakhs

Sanpada

₹1.16 Lakhs

₹1.02 Lakhs

Nerul

₹55,500

₹43,000

New Panvel

₹71,400

₹58,800

Ulwe

₹71,400

₹58,800

Dronagiri

₹71,400

₹58,800

Taloja

₹65,400

₹56,100

Kharghar

₹97,600

₹88,700

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Circle Rates in Pune

Here are the ready reckoner rates in few of the key localities in Pune:

Area

Office (Rs. Per Square Meter)

Flats And Apartments (Rs. Per Square Meter)

Akrudi

₹45,470 - ₹72,890 

₹42,230 - ₹57,480

Budhwar Peth

₹82,670 - ₹1.39 Lakhs 

₹53,350 - ₹69,110

Aundh

₹87,100 - ₹1.26 Lakhs 

₹54,450 - ₹1.04 Lakhs

Ambegaon Khurd

₹47,250 - ₹51,080 

₹47,720 - ₹49,890

Ambegaon Budruk

₹59,140 - ₹63,500 

₹53,000 - ₹62,540

Bhosari Vibhag

₹43,380 - ₹53,030 

₹40,770 - ₹52,090

Chinchwad

₹50,080 - ₹71,530 

₹44,070 - ₹60,320

Charholi Budruk

₹42,470 - ₹46,350 

₹40,840 - ₹46,070

Erandwane

₹1.11 Lakhs - ₹1.83 Lakhs 

₹73,170 - ₹1.40 Lakhs

Dhankawadi

₹55,080 - ₹96,100 

₹38,240 - ₹78,440

Gultekdi

₹90,670 - ₹1.43 Lakhs 

₹79,630 - ₹91,980

Ghorpadi

₹55,750 - ₹1.76 Lakhs 

₹53,150 - ₹1.48 Lakhs

Kalas

₹39,190 - ₹57,960 

₹38,400 - ₹52,290

Hingne Budruk Kanvernagar

₹98,450 - ₹1.34 Lakhs

₹77,500 - ₹91,500

Khadaki Cantonment

₹39,570 - ₹53,500 

₹37,120 - ₹44,870

Lohegaon

₹40,950 - ₹96,650 

₹36,040 - ₹75,420

Kondhwa Budruk

₹43,050 - ₹61,910 

₹40,360 - ₹56,250

Parvati

₹85,760 - ₹1.63 Lakhs 

₹71,900 - ₹1.13 Lakhs

Mamurdhi

₹36,980 - ₹44,550 

₹36,400 - ₹42,300

Pimpri Waghire

₹45,100 - ₹73,460

₹41,260 - ₹67,460

Wanwadi

₹72,660 - ₹1.20 Lakhs 

₹54,310 - ₹75,930

Rahatani Kalewadi Vibhag

₹43,040 - ₹69,210

₹39,700 - ₹67,430

Sangvi

₹43,230 - ₹62,630

₹41,530 - ₹57,190

Wadgaon Khurd

₹46,050 - ₹99,360 

₹40,610 - ₹71,760

Ravet

47,670 - ₹58,410 

₹46,630 - ₹57,060

Yerwada

₹62,000 - ₹1.67 Lakhs 

₹42,380 - ₹97,350

Talwade

₹42,400 - ₹42,610 

₹38,890 - ₹41,270

Undri

₹53,360 - ₹73,780

₹49,330 - ₹60,450

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates in Thane

Here are the ready reckoner rates in few of the key localities in Thane:

Name

Industrial

Residential

Bhiwandi

₹47,700

₹40,600

Murbad

₹37,300

₹32,700

Shahpur

₹42,000

₹36,300

Ulhasnagar (CAMP A-CAMP-3)

₹49,500

₹42,600

Ambernath

₹51,900

₹46,500

Kalyan

₹77,700

₹69,100

Thane

₹1.05 Lakhs

₹83,800

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates in Nashik

Here are the ready reckoner rates in few of the key localities in Nashik:

Name

Residential (per hectare)

Indira Nagar

₹5.77 Lakhs - ₹7.15 Lakhs

Sadgoan

₹8.12 Lakhs - ₹9.33 Lakhs

Wadgaon

₹11.96 Lakhs - ₹18 Lakhs

Kalvi

₹10.20 Lakhs - ₹13.95 Lakhs

Kashyapnagar

₹8.12 Lakhs - ₹9.33 Lakhs

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates in Nagpur

Here are the ready reckoner rates in few of the key localities in Nagpur:

Name

Residential (per sq ft)

Anant Nagar

₹3,300 - ₹3,650

Bajaj Nagar

₹7,050 - ₹8,250

Arya Nagar

₹3,400 - ₹3,800

Chinchbhuwan

₹3,700 - ₹4,250

Chinchbhavan

₹3,900 - ₹4,650

Jamtha

₹3,150 - ₹3,350

Civil Lines

₹6,800 - ₹9,150

Laxminagar

₹6,600 - ₹8,050

Friends Colony

₹4,250 - ₹5,000

Koradi Road

₹3,350 - ₹3,850

Zingabai Takli

₹3,400 - ₹3,750

Raj Nagar

₹6,250 - ₹7,450

Narendra Nagar Extension

₹4,650 - ₹5,700

Sadar

₹6,600 - ₹8,350

Ring Road

₹3,350 - ₹4,250

Wathoda

₹3,250 - ₹4,250

Umred Road

₹3,250 - ₹4,150

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates for Aurangabad

Here are the ready reckoner rates in few of the key localities in Aurangabad:

Name

Residential (per hectare)

Adgaon Sark

₹8.05 Lakhs - ₹11.35 Lakhs

Gopalpur

₹16.70 Lakhs - ₹24 Lakhs

Aurangpur

₹10.30 Lakhs - ₹12.95 Lakhs

Alampur

₹10.30 Lakhs - ₹12.95 Lakhs

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates for Ratnagiri

Here are the ready reckoner rates in few of the key localities in Ratnagiri:

Name

Residential (per sq feet)

Dapoli Camp

₹3,733

Khed

₹2,278 - ₹3,000 

Zadgaon

₹3,500 - ₹4,246 

Nachane

₹2,941 - ₹4,923

Khedashi

₹2,641 - ₹2,842 

Chiplun

₹3,175 - ₹9,314

Patwardhan Wadi

₹2,909 - ₹4,232 

Markandi

₹2,576 - ₹2,930

Bahadur Shaikh

₹2,545

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

Ready Reckoner Rates in Jalgaon

Here are the ready reckoner rates in few of the key localities in Jalgaon:

Name

Residential (per sq ft)

Kadagaon

₹4.25 Lakhs - ₹5.51 Lakhs

Kinod

₹3.98 Lakhs - ₹5.27 Lakhs

Kandari

₹3.48 Lakhs - ₹4.70 Lakhs

Ghardi

₹3.98 Lakhs - ₹5.27 Lakhs

Chincholi

₹4.25 Lakhs - ₹5.51 Lakhs

Devgaon

₹3.98 Lakhs - ₹5.27 Lakhs

Dapore

₹3.78 Lakhs - ₹5.14 Lakhs

Nadgaon

₹3.98 Lakhs - ₹5.27 Lakhs

Bhagpur

₹3.27 Lakhs - ₹4.40 Lakhs

Shelgaon

₹3.98 Lakhs - ₹5.27 Lakhs

Jamod

₹3.98 Lakhs - ₹5.27 Lakhs

Jalke

₹3.48 Lakhs - ₹4.70 Lakhs

Raipur

₹3.27 Lakhs - ₹4.40 Lakhs

Karanja

₹4.25 Lakhs - ₹5.51 Lakhs

Vidgaon

₹4.25 Lakhs - ₹5.51 Lakhs

Belkhede

₹3.48 Lakhs - ₹4.70 Lakhs

Subhashwadi

₹3.48 Lakhs - ₹4.70 Lakhs

Disclaimer: Aforementioned rates can vary based on government policy revisions. Please visit the official website for more details.

What are the Benefits of Ready Reckoner Rates in Maharashtra?

Here are a few advantages of the reckoner rates:

1. Property Valuation

The ready reckoner rates in Maharashtra enable individuals to evaluate a property’s correct value. Such rates are fixed by the Maharashtrian government based on several factors, such as the size, area, location, etc. of the property. 

The Maharashtrian government’s online portal has ready reckoner rates of all the cities listed. All you have to do is visit the website and check for the rates.

2. Generation of Revenue

Maharashtra’s ready reckoner rates aid the state government to generate revenues in the form of registration charges, stamp duty, and other expenses. 

 

The state government also computes these rates in Maharashtra depending on several classifications of properties that include apartments, buildings, plots, and flats.

3. Registration Prices

The lists of ready reckoner rates in Maharashtra are accompanied by fixed rates for the registration of a property. The purchasers are required to pay such charges to facilitate the registration of their properties in their names post their purchase.

Read More

Steps to Calculate the Ready Reckoner Rate

Follow this process to compute the ready reckoner rates: 

  •  Assess the built-up area of your respective property. You must consider all the factors, such as the construction’s age, amenities, plot area, no. of floors, etc., into consideration. The built-up area will be considered as the higher value if the real built-up area and 1.2 times the floor’s carpet area have been mentioned in the given documents. 

  • Opt for the property you wish to calculate the circle rates for. As a purchaser of a house, the flat or the residential property must be opted for. 

  • Opt for the area’s locality that must be selected. The list will comprise all the areas according to the ready reckoner rates’ computation.

  • Calculate the minimum assessed value according to the current circle rate.

How to Check Ready Reckoner Rates in Maharashtra Online

Follow these steps to check the ready reckoner rates in Maharashtra online: 

  • Step 1: Navigate to the official Department of Registration and Stamps Maharashtra website

  • Step 2: Click on the section ‘Ease of Doing Business’ section

  • Step 3: Scroll down the list to find ‘Check Ready Reckoner Rates’ and click on ‘Know More’

  • Step 4: Click on the city’s name you wish to check the ready reckoner rates for in the Map of Maharashtra that appears on the screen

  • Step 5: Select the village and the taluka from the drop-down list

 

For instance, if you choose ‘Mumbai Suburbs’ as a district and ‘Juhu’ as the zone/village, then Juhu’s ready reckoner rate will be displayed. Your preferred locality’s ready reckoner rate will be displayed on your screen.

Step-by-Step Process to Check Ready Reckoner Rates in Maharashtra Offline

Follow these steps to check the ready reckoner rates in Maharashtra offline:

  • Step 1: Visit the office of the sub-registrar of your respective city 

  • Step 2: Contact any of the persons who are authorised in order to receive an offline list of Maharashtra’s ready reckoner rates

  • Step 3: Provide the details of your property, such as its area, location, city, owner’s name, etc., to receive the information related to the ready reckoner rates in Maharashtra

 

You will now have an offline list of the ready reckoner rates, and you can also find your respective property in it to get the necessary information

How Ready Reckoner Rates in Maharashtra are Different from Market Rates?

Parameter

Ready Reckoner Rates

Market Rates

Definition

Minimum value that is evaluated by the Maharashtra government for a specific piece of land. 

Value at which a specific property could be sold in a particular locality.

Property Valuation

Computed by the state government depending on the property’s zone, location, or type. 

Calculated by the district administration when considering the facilities and amenities available for a particular property, in addition to its location and its type.

Property registration

A property can be registered based on these rates only. 

A property cannot be registered based on these rates even if they are lesser than its ready reckoner rates.

Registration Charges and Stamp Duty 

Calculated depending on the ready reckoner rates of Maharashtra.

Not calculated based on the market rates in Maharashtra.

Factors Affecting Ready Reckoner Rates in Maharashtra

Here are a few essential factors affecting the ready reckoner rates in Maharashtra:

1. Market Value

The ready reckoner rates in Maharashtra are computed on the basis of the market value of the property.

2. Property Usage

The commercial property’s value is more than that of a residential property, which can impact ready reckoner rates. Also, the plot’s rate is more than that of an apartment or a flat.

3. Amenities

The kind of facilities which are provided in a locality are also considered while fixing the ready reckoner rate. A locality with good railway links, roads, hospitals, parks, schools, and shopping malls will have a higher rate.

4. Location of the Property

The location of the property being considered plays a major role in determining the ready reckoner rates in Maharashtra. In the rural localities, the reckoner rates are lesser than that of the urban areas.

Read More

Documents Required to Check the Ready Reckoner Rates in Maharashtra

There are no documents required to check the ready reckoner rates in Maharashtra. However, the following documents are required to submit for the registration of your property in the state of Maharashtra:

  • Property owner’s Aadhaar card and PAN card

  • Passport-size photograph of both buyer and seller

  • Copy of the Municipal tax bill 

  • Copy of the property’s registration card 

  • Copy of the document of agreement between the property’s original buyer and the builder 

  • Copy of the No-objection certificate as per the Land Ceiling Act

  • Completion certificate of the construction of the house or the society

  • Verified copy of the original old sale deed

FAQs on Ready Reckoner Rates

What is the ready reckoner rate?

The ready reckoner rate or the guidance value is the lowest value at which a property can be registered. In Maharashtra, it is also known as the ready reckoner rate.

Who decides on RR rates?

The state governments have the right to determine RR rates because land is a state property.

Is the RR rate the same in all sections of a city?

No, every neighbourhood in a city has its own RR rate.

How many times are RR rates revised in a year?

The tariffs are usually revised once a year by the states.

Do I need to pay any fees to check ready reckoner rates in Maharashtra?

The list of the ready reckoner rates comes with prices which are fixed for the registration of properties. The purchasers must pay such charges in order to get their properties registered on their name after the purchase.

Was there a decrease in the ready reckoner rate in any city?

Yes, there was a decrease in the ready reckoner rates in Nazul land in Maharashtra from 5% to 2%.

When was the ready reckoner rate in Maharashtra last revised?

The ready reckoner rate in Maharashtra was last revised on March 31, 2022.

Can the ready reckoner rate in Maharashtra be higher than the property's market value?

Yes, the ready reckoner rates in Maharashtra can be higher than the property’s market value.

What is the meaning of ready reckoner rates in Maharashtra?

Property transactions’ minimum rates which are notified by the government through the office of the city’s sub-registrar is known as the ‘Ready Reckoner Rate’, also called ‘Circle Rates’.

How does RRR affect stamp duty and registration charges?

If a locality’s ready reckoner rate is ₹5,500/square feet, you will have to make a payment of the registration charges and the stamp duty on a higher value (the market value). 

 

The property registration in that specific locality will not happen at a lower value than the minimum rate as defined by the Ready Reckoner Rates (RRR). The majority of property transactions in India are based on the current market prices in a certain area. 

 

This market rate is used to compute the stamp duty and registration fees that the home buyer must pay. Higher RR rates, on the other hand, deter home buyers from registering their properties. 

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