Ready Reckoner Rates in Mandapeshwar, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 88/Land/408 | All properties in Mandapeshwar village. | ₹1,74,600/sqm | ₹2,00,790/sqm | ₹2,26,200/sqm |
| 88/Land/408A | Depreciation Division No. Properties under slums in 88/408 | ₹1,74,600/sqm | ₹2,00,790/sqm | ₹2,26,200/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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