Ready Reckoner (RR) Rate is the lowest rate of property transactions notified by the sub-registrar office of a government. RR Rate is also known as Circle Rate in many states. It is nearly impossible to sell a property for less than the RR rate in Maharashtra. Ready reckoner rates help people figure out the minimum value of their property. People need to register their properties based on these rates, whether the property’s market value is higher or lower.
The registration charges & stamp duty are calculated based on the ready reckoner rates of the property. If the chosen property’s market value is lesser than its RR rate, the buyer has to pay additional stamp duty and registration charges to execute the transaction. The state government has increased the RR rates by an average of 8.80 % in Maharastra. However, no hike in circle rates was released for Mumbai city. This article shares the current circle rates/ready reckoner rates prevailing in various areas of Mumbai.
Given below is a list of the average rates of some key localities in Mumbai:
Area
Apartments & Flats (Rs. Per Sq. m.)
Office (Rs. Per Sq. m.)
Andheri East
Rs 1.14 Lakh – Rs 2.44 Lakh
Rs 1.25 Lakh – Rs 2.68 Lakh
Andheri East Marol
Rs 92,100 – Rs 1.57 Lakh
Rs 1.11 Lakh – Rs 1.78 Lakh
Andheri East Kurla Road
Rs 1.08 Lakh – Rs 1.58 Lakh
Rs 1.43 Lakh – Rs 1.74 Lakh
Andheri Varivali
Rs 1.45 Lakh – Rs 1.73 Lakh
Rs 1.66 Lakh – Rs 1.90 Lakh
Andheri Oshiwara
Rs 1.01 Lakh – Rs 2.37 Lakh
Rs 1.21 Lakh – Rs 2.61 Lakh
Andheri Versova
Rs 1.49 Lakh – Rs 2.09 Lakh
Rs 1.64 Lakh – Rs 2.60 Lakh
Andheri West
Rs 1.38 Lakh – Rs 2.10 Lakh
Rs 1.56 Lakh – Rs 2.60 Lakh
Bandra East
Rs 1.11 Lakh – Rs 2.90 Lakh
Rs 1.30 Lakh – Rs 3.27 Lakh
Zone-wise Ready reckoner rates in Mumbai
RR rates at Worli
Sub-division
Circle rates (per sq. m.)
Dr. Annie Besant Road
Rs 4,10,630
Mau Abdul Ghafar Khan Road from Worli Sea Face
Rs 5,93,700
Sasmira Road (West), the boundary of Worli Gauthan (North)
Rs 2,99,890
Worli Village
Rs 1,68,710
Area between Gauthan boundary (North), Lala Lajpat Rai Road to the East of the boundary (West), Anni Besant Road and Sasmira Road (South)
Rs 3,82,500
RR rates at Colaba
Area (Sub-division)
Circle rates (per sq. m.)
Bhabha Road – North of Navy Colaba
Rs 2,96,830
Shaheed Bhagat Singh Marg, from Rigal Cinema to R Salgaonkar Road
Rs 4,91,990
Shaheed Bhagat Singh Marg, from R Salgaonkar Road to Colaba
Rs 4,22,540
Prakash Pethe Marg & Jagannath Bhosle Road (departing from Cuffe Parade to the division limits)
Rs 5,98,220
Navinagar, South of Bhabha Road, Navinagar Tata Institute of Fundamental Reachers Colaba Point
Rs 2,69,180
RR rates at Dharavi
Area (Sub-division)
Circle rates (per sq. m.)
The area between the Central Railway Line (East), the Western Railway Line (West), Harbor Railway Line (North)
Rs 80,980
Central Railway Line (East), Western Railway Line (West), Harbor River Line (South), Mumbai City boundary (North)
Rs 96,220
Dharavi Road
Rs 87,660
RR rates at Lower Parel
Area (Sub-division)
Circle rates (per sq. m.)
Mahim Area
Rs 3,10,900
Pandurang Budhkar Road (South), East Sayani Road, Mhatre Road, and Tandel Road
Rs 4,59,010
Dr. Annie Besant Road
Rs 4,05,320
Oriental Silk Mill (East of Prabhadevi Chowk)
Rs 4,86,580
East Saini Road & Apapaaheb Marathe Road (North), Jagannath Bhatankar Road (South) and Strander Mill boundary (West)
Rs 3,02,260
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
