Ready Reckoner Rates in Mumbai, 2022!

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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.

Recent RR rate changes in Mumbai & Nearby Cities

AreasRR rate (percentage hike)
Thane9.48%
Vasai – Virar9%
Ulas Nagar9.81%
Navi Mumbai8.9%
Panvel9.24%
Pune6.12%
Pimpri Chinchwad12.36%
Sholapur8.08%
Nasik12.15%
Ahmadnagar7.72%
Latur11.93%
Aurangabad12.38%

Ready Reckoner Rates in Localities of Mumbai

Given below is a list of the average rates of some key localities in Mumbai:

AreaApartments & Flats (Rs. Per Sq. m.)Office (Rs. Per Sq. m.)
Andheri EastRs 1.14 Lakh – Rs 2.44 LakhRs 1.25 Lakh – Rs 2.68 Lakh 
Andheri East MarolRs 92,100 – Rs 1.57 LakhRs 1.11 Lakh – Rs 1.78 Lakh
Andheri East Kurla RoadRs 1.08 Lakh – Rs 1.58 LakhRs 1.43 Lakh – Rs 1.74 Lakh 
Andheri Varivali Rs 1.45 Lakh – Rs 1.73 LakhRs 1.66 Lakh – Rs 1.90 Lakh
Andheri OshiwaraRs 1.01 Lakh – Rs 2.37 LakhRs 1.21 Lakh – Rs 2.61 Lakh 
Andheri VersovaRs 1.49 Lakh – Rs 2.09 LakhRs 1.64 Lakh – Rs 2.60 Lakh 
Andheri WestRs 1.38 Lakh – Rs 2.10 LakhRs 1.56 Lakh – Rs 2.60 Lakh 
Bandra EastRs 1.11 Lakh – Rs 2.90 LakhRs 1.30 Lakh – Rs 3.27 Lakh

Zone-wise Ready reckoner rates in Mumbai 

RR rates at Worli

Sub-divisionCircle rates (per sq. m.)
Dr. Annie Besant RoadRs 4,10,630
Mau Abdul Ghafar Khan Road from Worli Sea FaceRs 5,93,700
Sasmira Road (West), the boundary of Worli Gauthan (North)Rs 2,99,890
Worli VillageRs 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 ColabaRs 2,96,830
Shaheed Bhagat Singh Marg, from Rigal Cinema to R Salgaonkar RoadRs 4,91,990
Shaheed Bhagat Singh Marg, from R Salgaonkar Road to ColabaRs 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 PointRs 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 RoadRs 87,660

RR rates at Lower Parel

Area (Sub-division)Circle rates (per sq. m.)
Mahim AreaRs 3,10,900
Pandurang Budhkar Road (South), East Sayani Road, Mhatre Road, and Tandel RoadRs 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.

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