Table of Contents:
- Ready Reckoner Rates in Maharashtra for 2022-2023
- Premium charged on Ready Reckoner Rate in Maharashtra
- Ready Reckoner Rates in Maharashtra for 2022
- Process to Check Ready Reckoner Rates in Maharashtra
- Factors Affecting Ready Reckoner Rate in Maharashtra
- How to calculate Ready Reckoner Rate
- Conclusion
Ready Reckoner Rates in Maharashtra for 2022-2023
As per the stamps and Registration act, the Circle Rate is increased every year. The Ready Reckoner Rate of Maharashtra has seen a higher spike during the year 2020. The following are the rates seen in a few of the main cities present in Maharashtra
| City | Revised Rate |
| Mumbai | -0.6% |
| Thane | 1.42% |
| Raigad | 3% |
| Pune District | 3.91% |
| Rural Area | 1.74% |
| Municipal Corporation Areas | 1.02% |
| Municipal Council Areas | 1.29% |
Premium charged on Ready Reckoner Rate in Maharashtra
A premium of 20% is charged on Ready Reckoner Rates for flats in Maharashtra. The premium varies from floors higher than 5th floor. This premium is only charged on higher floored buildings present in cities like Mumbai, Nashik, Pune etc. The following charges are as follows
| Floors | Premium Charged |
| Up to 4th floors | Nil |
| 5th to 10th Floor | 5% |
| 11th to 20th Floor | 10% |
| 21st to 30th Floor | 15% |
| 31st Floor & Above | 20% |
Ready Reckoner Rates in Maharashtra for 2022
Aptly known as the Gateway of India, Maharashtra is one of India’s biggest Commercial and Industrial centers. Maharashtra has been proclaimed as the most lucrative investment destination for Residential, Commercial and Industrial Real Estate.
Due to a higher demand, the Stamp Duty has been increased from 3% to a whopping 5%. More than 20% of the investments made in real estate in the last 5 years were in Maharashtra alone. Since there has been a hike in the rates, we would suggest you check the Circle Rates/ RRR before buying a property.
Note: The Annual Statement Rate can differ from different localities in different states based on Urban, Influential or a Rural Area
The following Ready Reckoner Rates are from a few cities present in Maharashtra.
- Annual Statement Rate/ RRR in Mumbai
These are the average rates of some of the localities present in Mumbai
| Area | Flats and Apartments (Rs. Per Square Meter) | Office (Rs. Per Square Meter) |
| Andheri East | 1.14 Lakh – 2.44 Lakh | 1.25 Lakh – 2.68 Lakh |
| Andheri East Kurla Road | 1.08 Lakh – 1.58 Lakh | 1.43 Lakh – 1.74 Lakh |
| Andheri East Marol | 92,100 – 1.57 Lakh | 1.11 Lakh – 1.78 Lakh |
| Andheri Oshiwara | 1.01 Lakh – R2.37 Lakh | 1.21 Lakh – 2.61 Lakh |
| Andheri Varivali | 1.45 Lakh – 1.73 Lakh | 1.66 Lakh – 1.90 Lakh |
| Andheri Versova | 1.49 Lakh – Rs. 2.09 Lakh | 1.64 Lakh – 2.60 Lakh |
| Andheri West | 1.38 Lakh – 2.10 Lakh | 1.56 Lakh – 2.60 Lakh |
| Bandra East | 1.11 Lakh – 2.90 Lakh | 1.30 Lakh – 3.27 Lakh |
- Circle Rates/ RRR in Pune
Here are the Circle Rates of a few localities present in Pune
| Area | Flats And Apartments (Rs. Per Square Meter) | Office (Rs. Per Square Meter) |
| Akrudi | 42,230 – 57,480 | 45,470 – 72,890 |
| Ambegaon Budruk | 53,000 – 62,540 | 59,140 – 63,500 |
| Ambegaon Khurd | 47,720 – 49,890 | 47,250 – 51,080 |
| Aundh | 54,450 – 1.04 Lakh | 87,100 – 1.26 Lakh |
| Bhosari Vibhag | 40,770 – 52,090 | 43,380 – 53,030 |
| Budhwar Peth | 53,350 – 69,110 | 82,670 – 1.39 Lakh |
| Charoli Budruk | 40,840 – 46,070 | 42,470 – 46,350 |
| Chinchwad | 44,070 – 60,320 | 50,080 – 71,530 |
| Dhankawadi | 38,240 – 78,440 | 55,080 – 96,100 |
| Erandwane | 73,170 – 1.40 Lakh | 1.11 Lakh – 1.83 Lakh |
| Ghorpadi | 53,150 – 1.48 Lakh | 55,750 – 1.76 Lakh |
| Gultekedi | 79,630 – 91,980 | 90,670 – 1.43 Lakh |
| Hingne Budruk Kanvernagar | 77,500 – 91,500 | 98,450 – 1.34 Lakh |
| Kalas | 38,400 – 52,290 | 39,190 – 57,960 |
| Khadaki Cantonment | 37,120 – 44,870 | 39,570 – 53,500 |
| Kondhwa Budruk | 40,360 – 56,250 | 43,050 – 61,910 |
| Lohegaon | 36,040 – 75,420 | 40,950 – 96,650 |
| Mamurdhi | 36,400 – 42,300 | 36,980 – 44,550 |
| Parvati | 71,900 – 1.13 Lakh | 85,760 – 1.63 Lakh |
| Pashan | 50,870 – 88,170 | 78,780 – 1.09 Lakh |
| Pimpri Waghire | 41,260 – 67,460 | 45,100 – 73,460 |
| Rahatni Kale Wadi Vibhag | 39,700 – 67,430 | 43,040 – 69,210 |
| Ravet | 46,630 – 57,060 | 47,670 – 58,410 |
| Sangvi | 41,530 – 57,190 | 43,230 – 62,630 |
| Talwade | 38,890 – 41,270 | 42,400 – 42,610 |
| Undri | 49,330 – 60,450 | 53,360 – 73,780 |
| Wadgaon Khurd | 40,610 – 71,760 | 46,050 – 99,360 |
| Wanwadi | 54,310 – 75,930 | 72,660 – 1.20 Lakh |
| Yerwada | 42,380 – 97,350 | 62,000 – 1.67 Lakh |
- Ready Reckoner Rates for Nashik
Below are the ready reckoner rates for key localities of Nashik
| Name | Residential (per hectare) |
| Indira Nagar | Rs. 5,77,000- Rs. 7,15,000 |
| Wadgoan | Rs. 11,96,000- Rs. 18,00,000 |
| Sadgoan | Rs. 812000- Rs. 933000 |
| Kashyapnagar | Rs. 812000- Rs. 933000 |
| Kalvi | Rs. 1020000- Rs. 1395000 |
Note: You can check out detailed rates, area wise, on the Department of Registration and Stamps Maharashtra website.
- Annual Statement Rate/ RRR in Thane
The following are the Annual Statement Rate for Thane and are listed down below
| Name | Residential | Industrial |
| Bhiwandi | Rs. 40600 | Rs. 47700 |
| Murbad | Rs. 32700 | Rs. 37300 |
| Shahpur | Rs. 36300 | Rs. 42000 |
Note: You can check out the rates on the Department of Registration and Stamps Maharashtra website.
Check the detailed blog on the Annual Statement Rate/ RRR in Thane for the remaining locations.
- Circle Rate/ RRR in Nagpur
The following are the Circle Rates in Nagpur
| Name | Residential (Per Sq. ft) |
| Anant Nagar | Rs. 3,300 – 3,650 |
| Arya Nagar | Rs. 3,400 – 3,800 |
| Bajaj Nagar | Rs. 7,050 – 8,250 |
| Chinchbhavan | Rs. 3,900 – 4,650 |
| Chinchbhuvan | Rs. 3,700 – 4,250 |
| Civil Lines | Rs. 6,800 – 9,150 |
| Friends Colony | Rs. 4,250 – 5,000 |
| Jamtha | Rs. 3,150 – 3,350 |
| Koradi Road | Rs. 3,350 – 3,850 |
| Laximnagar | Rs. 6,600 – 8,050 |
| Nrendra Nagar Extension | Rs. 4,650 – 5,700 |
| Raj Nagar | Rs. 6,250 – 7,450 |
| Ring Road | Rs. 3,350 – 4,250 |
| Sadar | Rs. 6,600 – 8,350 |
| Umred Road | Rs. 3,250 – 4,150 |
| Wathoda | Rs. 3,250 – 4,250 |
| Zingabai Takli | Rs. 3,400 – 3,750 |
- Annual Statement Rate/ RRR in Aurangabad
As stated below, these are the Annual Statement Rate/ RRR for the key localities present in Aurangabad
| Name | Residential (Per Hectare) |
| Adgaon Sark | Rs. 8,05,000 – Rs. 11,35,000 |
| Aurangabad | Rs. 10,20,000 – Rs. 12,95,000 |
| Gopalpur | Rs. 16,70,000 – Rs. 24,00,000 |
| Alampur | Rs. 10,30,000 – Rs. 12,95,000 |
Note: The Aurangabad area-wise rates can be checked out at the Department of Registration and Stamps Maharashtra website.
- Circle Rate / RRR for Ratnagiri
These are the Residential Circle Rates for Ratnagiri
| Name | Residential (Per Sq. Ft) |
| Dapoli Camp | Rs. 3,733 |
| Zadgaon | Rs. 3,500 – 4,246 |
| Khed | Rs. 2,278 – 3,000 |
| Khedashi | Rs. 2,641 – 2,842 |
| Nachane | Rs. 2,941 – 4,923 |
| Patwardhan Wadi | Rs. 2,909 – 4,232 |
| Chiplun | Rs. 3,175 – 9,314 |
| Bahadur Shaikh | Rs. 2,545 |
| Markandi | Rs. 2,576 – 2,930 |
Note: You can check out other areas rates in Nagpur on the Department of Registration and Stamps Maharashtra website.
- Ready Reckoner Rate in Navi Mumbai
The rates are as follows for some of the prominent localities present in Navi Mumbai
| Name | Residential | Industrial |
| Airoli | Rs. 80,300 | Rs. 85,700 |
| Sanpada | Rs. 1,02,000 | Rs. 1,16,500 |
| Khargar | Rs. 88,700 | Rs. 97,600 |
| Ulwe | Rs. 58,800 | Rs. 71,400 |
Note: You can check out the detailed rates on the Department of Registration and Stamps Maharashtra website
