Ready Reckoner Rates in Madh, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 48/Land/234 | Mauje-Madh, Tal. In Andheri, to the north, Mauje- Erangal, Tal. Borivali, Madh Jetty Road to the south, Malad creek to the east and the Arabian Sea to the west. | ₹75,040/sqm | ₹90,400/sqm | ₹1,31,600/sqm |
| 48/Land/234A | Property included in CRZ-I area. | ₹0/sqm | ₹0/sqm | ₹0/sqm |
| 48/Land/234B | Properties at Mauje Madh, Taluka Andheri to the north by Madh Jetty Road, on the east by Malad Creek, on the west and south by joining the Arabian Sea. | ₹75,040/sqm | ₹90,400/sqm | ₹1,31,600/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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