Ready Reckoner Rates in Princess Dock, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 3/Land/35 | The terrain between the Central Railway Line and P D'Mello Road between the northern and southern boundaries of the section | ₹1,49,150/sqm | ₹2,05,300/sqm | ₹2,48,900/sqm |
| 3/Land/35C | Basic Value Rates Section No. Properties owned by Mumbai Port Trust in 3/35 (Land). | ₹1,84,080/sqm | ₹2,12,440/sqm | ₹2,48,900/sqm |
| 3/Land/36 | All parts of the section east of P D'Mello Road up to the sea, Victoria Dock and Princess Dock | ₹0/sqm | ₹0/sqm | ₹0/sqm |
| 3/Land/36B | Basic Value Rates Section No. Properties owned by Mumbai Port Trust in 3/36 (Land). | ₹0/sqm | ₹0/sqm | ₹0/sqm |
| 3/Road/35A | Lokmanya Tilak Road (Central Railway to P. D'Mello Road Junction) | ₹2,40,200/sqm | ₹2,76,230/sqm | ₹3,83,200/sqm |
| 3/Road/35B | P.D'Mello Road | ₹1,66,720/sqm | ₹2,29,300/sqm | ₹2,77,200/sqm |
| 3/Road/35D | Basic Value Rates Section No. Properties owned by Mumbai Port Trust in 3/35B (Road). | ₹1,64,430/sqm | ₹2,29,300/sqm | ₹2,77,200/sqm |
| 3/Road/36A | Lokmanya Tilak Road (Entire section of road east of P. D'Mello Road) | ₹1,82,100/sqm | ₹2,31,800/sqm | ₹2,60,600/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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