Ready Reckoner Rates in Sion, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 19/Land/124 | All parts east of the Harbour Railway Line in Sion Division. | ₹1,55,380/sqm | ₹1,78,680/sqm | ₹1,94,220/sqm |
| 19/Land/125 | Central Railway Line in the west, the road connecting Sion Station to Ambedkar Road in the north (including the property on the road), Harbour Railway Line in the south, Ambedkar Road in the east. | ₹2,51,010/sqm | ₹2,86,690/sqm | ₹3,13,760/sqm |
| 19/Land/126 | Harbour Railway Line in the East, Laxmibai Kelkar Expressway in the West, Harbour Line going to Kings Circle in the South, Division Boundary. | ₹2,66,320/sqm | ₹3,06,270/sqm | ₹3,32,900/sqm |
| 19/Land/126A | Harbour Railway Line and Eastern Express Highway to the East, Central Railway Line to the West, Division Limits to the North, Mumbai City Limits, Sion Station Road to the South. | ₹2,28,430/sqm | ₹2,62,690/sqm | ₹2,85,530/sqm |
| 19/Road/123 | From Kings Circle Bridge to Sion Station. | ₹2,41,770/sqm | ₹2,78,030/sqm | ₹3,30,800/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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