Circle Rate in Mumbai 2026 | Ready Reckoner Rate Guide

Circle rates in Mumbai are integral to buying property in the city. Also known as the Ready Reckoner Rate (RR Rate), this is the base value set by the government for property registration. You’ll also hear it called the Annual Statement of Rates (ASR). No matter what price you negotiate, this is the minimum value used for legal and tax purposes.

For 2026, there hasn’t been any change. The Maharashtra government has frozen the circle rate for FY 2026-27. So the ready reckoner rate in Mumbai currently is the same as last year. That consistency gives buyers some clarity, especially when market prices are already on the higher side.

What is the Circle Rate in Mumbai?

The circle rate in Mumbai is the government’s base price for property transactions. You can’t legally register a deal for less than this value.

• Tax protection: Even if you buy below this rate, stamp duty is calculated on the government value, not your deal price
• Calculation base: All stamp duty Mumbai 2026 and Mumbai property registration charges are linked to this rate
• Property valuation Mumbai: It acts as a benchmark for official valuation across the city

Mumbai Circle Rate Zone-wise List 2026

Since there’s no change this year, existing values continue. Here’s a snapshot of the circle rate per sq. mt.

For circle rate per sq. ft. Mumbai, divide the sq. mt. rate by 10.764.

Ready Reckoner Rate for Flats, Land & Commercial in Mumbai

The IGR Maharashtra ready reckoner 2026 doesn’t follow a single rate for every property. The value changes depending on what you’re buying:

• Residential flats: These cover apartments and built-up units. In many cases, flats on higher floors are valued slightly higher than those on lower floors.
• Residential land: This applies to plots and independent houses. The rate is usually lower than flats since it doesn’t include construction value.
• Commercial property: Shops and office spaces are priced higher than residential units. In most areas, the difference is roughly 25% to 50% more for the same location.

How to Check Ready Reckoner Rate on IGR Maharashtra Portal

To get the exact ready reckoner rate Mumbai 2026 for a specific property:

• Visit the official IGR Maharashtra website
• Go to the e-ASR section
• Select Mumbai City or Mumbai Suburban
• Choose your area (like Andheri or Borivali)
• Enter CTS or survey details for precise results

This is the most reliable way to check the ready reckoner rate in Mumbai.

Stamp Duty Calculation Using Circle Rate in Mumbai

Your total cost isn’t just the property price. You also pay Maharashtra stamp duty current rates and registration charges:

• Male / Joint buyers: 6% (5% stamp duty + 1% metro cess)
• Female buyers: 5% for residential property
• Registration charges: 1%, capped at ₹30,000

Stamp duty is calculated on whichever is higher: your deal value or the circle rate in Mumbai.

Other Cities Circle Rate

Circle Rates in Key Mumbai Localities (Andheri, Bandra, Thane)

Different pockets have very different pricing:

Latest Revision of Ready Reckoner Rates in Maharashtra

For the Mumbai circle rate 2026, the government has kept a 0% increase. This decision was taken to maintain affordability and keep transactions active despite rising construction costs.

So, for now, the ready reckoner rate for Mumbai remains unchanged from the previous year.