Mumbai Property Rates & Calculator

Mumbai ready reckoner rate (circle rate) - South Mumbai, Bandra, Andheri, Navi Mumbai, Thane, Lower Parel. Calculate stamp duty & registration charges. IGR Maharashtra 2026-27.

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Mumbai City & Suburb rates are sourced from the official government website [IGR Maharashtra](https://igrmaharashtra.gov.in/):

Rates shown are the median residential rate across all zones within each division. For well-known sub-areas (Cuffe Parade, Nariman Point, BKC, etc.), the specific zone rate is used.

Note: Navi Mumbai (NMMC) and Extended MMR (Kalyan, Dombivli) data was not yet published on the portal at the time of last update. Those rates are estimates.

For exact rates by survey number/CTS number, visit [IGR Maharashtra](https://igrmaharashtra.gov.in/) or [e-ASR Portal](https://easr.igrmaharashtra.gov.in/).

South Mumbai (Island City) – Ultra Premium:

Area	Residential (₹/sqm)	Source
Malabar Hill	₹8,71,080	Zone 7/7/61A
Breach Candy	₹7,93,320	Zone 7/7/66B
Peddar Road	₹7,51,600	Zone 7/7/66
Cuffe Parade	₹7,22,810	Zone 1/1/5A
Nariman Point	₹7,10,480	Zone 2/2/29
Prabhadevi	₹5,35,240	Zone 12/12/89B
Marine Drive	₹5,15,040	Zone 6/6/53
Colaba	₹4,62,250	Median of 14 zones
Worli	₹3,92,270	Median of 10 zones
Lower Parel	₹3,32,450	Median of 42 zones

Western Suburbs:

Area	Residential (₹/sqm)	Source
Juhu	₹4,03,280	Median of 8 zones
BKC	₹3,36,810	Zone 29/29/167
Bandra West	₹2,95,500	Median of 10 zones
Lokhandwala	₹2,59,830	Zone 39/39/198
Andheri West	₹2,48,350	Zone 39/39/199A
Versova	₹2,38,440	Median of 6 zones
Goregaon	₹1,73,110	Median of 10 zones
Borivali	₹1,47,250	Median of 18 zones
Dahisar	₹1,40,010	Median of 13 zones

Stamp Duty Structure:

Buyer	Stamp Duty	Metro Cess	Registration	Total
Male	6%	1%	1% (max ₹30k)	~8%
Female	5%	1%	1% (max ₹30k)	~7%
Joint	5.5%	1%	1% (max ₹30k)	~7.5%

Example: ₹2 Crore property (Male buyer):

Stamp Duty (6%): ₹12,00,000
Metro Cess (1%): ₹2,00,000
Registration (capped): ₹30,000
Total: ₹14,30,000

Example: ₹2 Crore property (Female buyer):

Stamp Duty (5%): ₹10,00,000
Metro Cess (1%): ₹2,00,000
Registration (capped): ₹30,000
Total: ₹12,30,000

Women save ₹2,00,000 on a ₹2 Crore property!

Navi Mumbai offers affordable alternatives to Mumbai:

Why consider Navi Mumbai?

40-60% lower ready reckoner rates than Mumbai
Better infrastructure and planned development
Good connectivity via trains and upcoming metro
Proximity to Mumbai Airport (Navi Mumbai International upcoming)
CIDCO townships with modern amenities

Top Investment Areas:

1. Kharghar – Central Park, good schools, metro connectivity

2. Ulwe – Near upcoming airport, rapid development

3. Panvel – Junction point, commercial growth

4. Seawoods – Premium Navi Mumbai, mall and offices

Thane offers middle ground:

Thane West: ₹1,51,700/sqm (from Thane TMC Majiwada division)
Thane East: ₹93,500/sqm (from Thane TMC Thane division)
Hiranandani Estate: ₹1,93,200/sqm (highest Majiwada zone)

Extended MMR (Kalyan-Dombivli, Mira-Bhayander):

Most affordable options in MMR
Rates start from ₹44,000/sqm
Good for first-time buyers
Railway connectivity to Mumbai

Frequently Asked Questions

In Mumbai (urban area), stamp duty is 6% for men and 5% for women. Additionally, 1% Metro Cess applies. Registration fee is 1% (capped at ₹30,000). Total charges: approximately 8% for men, 7% for women.

Malabar Hill has the highest rates at ₹8,71,080/sqm, followed by Breach Candy (₹7,93,320/sqm), Peddar Road (₹7,51,600/sqm), Cuffe Parade (₹7,22,810/sqm), and Nariman Point (₹7,10,480/sqm). These rates are from the official 2026-27 ASR.

Yes, Navi Mumbai generally has lower ready reckoner rates compared to Mumbai City. Areas like Kharghar, Panvel, and Ulwe offer relatively affordable rates (₹71,000-₹1,05,000/sqm) compared to Mumbai's premium areas.

Yes, Maharashtra offers 1% concession on stamp duty for female buyers. Women pay 5% stamp duty instead of 6% in Mumbai and other urban areas.

Metro Cess is an additional 1% charge on property registration in Mumbai Metropolitan Region, used to fund metro rail construction. It applies across BMC, NMMC, and Thane areas.

The ready reckoner rates shown for Mumbai City and Suburbs are sourced directly from e-stampdutyreadyreckoner.com, which publishes the Annual Statement Rates (ASR) as declared by the Government of Maharashtra. Rates are effective from 1st April 2026 to 31st March 2026.