Ready Reckoner Rates in Magathane, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 86/Land/386 | Village border in the north, railway line in the east, village border in the south and Swami Vivekananda Road in the west. | ₹1,57,420/sqm | ₹1,81,030/sqm | ₹1,96,780/sqm |
| 86/Land/389 | 36.60 m.V. in front of Rajendranagar to the north. Road, Expressway to the east, village boundary to the south and railway line to the west. | ₹1,56,870/sqm | ₹1,80,400/sqm | ₹2,10,100/sqm |
| 86/Land/389A | Properties having more than 5 hectares | ₹1,74,820/sqm | ₹2,01,050/sqm | ₹2,18,530/sqm |
| 86/Land/389B | Dattapada Road to the north and partly village limits, Brimhakumari Road to the east, Poisar village to the south, and Western Railway line to the west. | ₹1,56,870/sqm | ₹1,80,400/sqm | ₹2,10,100/sqm |
| 86/Land/389C | Basic Value Rate Section No. Separate Valuation Rate Division for property under slums between 86/389, 86/389B and 86/390. | ₹1,56,870/sqm | ₹1,80,400/sqm | ₹2,10,100/sqm |
| 86/Land/390 | Village Boundary in the North, Express Highway in the East, Dattapada Road in the South and Railway Line in the West. | ₹2,04,880/sqm | ₹2,35,610/sqm | ₹2,56,100/sqm |
| 86/Land/390A | Properties having more than 5 hectares | ₹2,37,260/sqm | ₹2,72,850/sqm | ₹2,96,570/sqm |
| 86/Land/391 | Village boundary on the north, National Park on the east, 36.60 m in the south-north. Wide v. This. The road, the village boundary to the south, the expressway to the west. | ₹1,72,030/sqm | ₹1,97,830/sqm | ₹2,15,040/sqm |
| 86/Land/392 | Part of the National Rise. | ₹64,260/sqm | ₹0/sqm | ₹80,330/sqm |
| 86/Land/392A | Properties included in the Natural Area Use Zone as per the approved Development Plan 2034. | ₹0/sqm | ₹0/sqm | ₹0/sqm |
| 86/Land/393 | 36.60 m to the north. Wide V.O. The road is bounded on the east by the National Udayan, on the south by the boundary of Ward and on the west by 36.60 m. Wide V.O. Way. | ₹2,26,790/sqm | ₹2,60,810/sqm | ₹2,83,480/sqm |
| 86/Road/387 | Swami Vivekananda Road. | ₹1,60,580/sqm | ₹1,84,670/sqm | ₹2,26,600/sqm |
| 86/Road/388 | All the properties in this village on the west side of Swami Vivekananda Road. | ₹1,55,730/sqm | ₹1,79,090/sqm | ₹1,99,100/sqm |
| 86/Road/388A | Property in the Lodha Alts project. | ₹1,55,730/sqm | ₹1,79,090/sqm | ₹1,99,100/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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