Ready Reckoner Rates in Bandra-I, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 28/Land/161 | Jawaharlal Nehru Road to the North, Express Highway to the East, Gaon Seema to the South and Railway to the West. | ₹2,33,300/sqm | ₹2,68,290/sqm | ₹2,91,620/sqm |
| 28/Land/162 | Village Frontier in the North, Expressway in the East, Jawaharlal Nehru Marg in the South, Route to the West and Railway to the West. | ₹2,24,040/sqm | ₹2,57,640/sqm | ₹2,89,400/sqm |
| 28/Land/163 | Gaon Seema to the north and east, Jawaharlal Nehru Marg to the south and expressway to the west. | ₹1,15,400/sqm | ₹1,76,500/sqm | ₹2,22,000/sqm |
| 28/Land/164 | Jawaharlal Nehru Marg to the north, village border to the east and south and expressway to the west. | ₹1,60,740/sqm | ₹1,84,850/sqm | ₹2,26,800/sqm |
Source: Annual Statement of Rates (ASR) FY 2026-27, Maharashtra Government
What is the Ready Reckoner Rate?
The Ready Reckoner Rate (also called the Circle Rate or ASR rate) is the minimum property value set by the Maharashtra government for calculating stamp duty and registration fees. Every property transaction in Mumbai must use at least this rate for stamp duty computation.
How is stamp duty calculated?
Stamp duty = ASR rate × Built-up Area (BUA) × floor rise multiplier. BUA = RERA carpet area × 1.10 (new properties). Floor premiums apply from the 5th floor onwards. See our step-by-step guide for the full formula.
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