{"id":1035425,"date":"2025-02-04T15:39:54","date_gmt":"2025-02-04T10:09:54","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=1035425"},"modified":"2026-05-05T16:33:45","modified_gmt":"2026-05-05T11:03:45","slug":"circle-rate-in-mumbai-crc","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/circle-rate-in-mumbai-crc","title":{"rendered":"Circle Rate in Mumbai 2026 | Ready Reckoner Rate Guide"},"content":{"rendered":"<p>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\u2019ll 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.<\/p>\n<p>For 2026, there hasn\u2019t 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.<\/p>\n<p>{{auto_toc}}<\/p>\n<h2><b>What is the Circle Rate in Mumbai?<\/b><\/h2>\n<p>The circle rate in Mumbai is the government\u2019s base price for property transactions. You can\u2019t legally register a deal for less than this value.<\/p>\n<ul>\n<li aria-level=\"1\"><b>Tax protection:<\/b> Even if you buy below this rate, stamp duty is calculated on the government value, not your deal price<\/li>\n<li aria-level=\"1\"><b>Calculation base:<\/b> All stamp duty Mumbai 2026 and Mumbai property registration charges are linked to this rate<\/li>\n<li aria-level=\"1\"><b>Property valuation Mumbai:<\/b> It acts as a benchmark for official valuation across the city<\/li>\n<\/ul>\n<h2><b>Mumbai Circle Rate Zone-wise List 2026<\/b><\/h2>\n<p>Since there\u2019s no change this year, existing values continue. Here\u2019s a snapshot of the circle rate per sq. mt.<\/p>\n<table style=\"width: 70.4099%; height: 336px;\">\n<tbody>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px;\">\n<p><b>Zone \/ Locality<\/b><\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p><b>Residential Rate (per sq. mt.)<\/b><\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p><b>Commercial Rate (per sq. mt.)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px;\">\n<p><a href=\"https:\/\/www.squareyards.com\/colaba-in-mumbai-overview-975\">Colaba<\/a> (South Mumbai)<\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b92,96,830 &#8211; \u20b97,22,810<\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b93,40,500 &#8211; \u20b98,50,000<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px;\">\n<p><a href=\"https:\/\/www.squareyards.com\/bandra-west-in-mumbai-overview-899\">Bandra West<\/a><\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b91,31,700 &#8211; \u20b94,49,600<\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b91,55,000 &#8211; \u20b95,10,000<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px;\">\n<p><a href=\"https:\/\/www.squareyards.com\/andheri-east-in-mumbai-overview-893\">Andheri East<\/a><\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b91,14,000 &#8211; \u20b92,43,600<\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b91,25,000 &#8211; \u20b92,68,000<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px;\">\n<p><a href=\"https:\/\/www.squareyards.com\/worli-in-mumbai-overview-911\">Worli<\/a><\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b91,85,580 &#8211; \u20b96,53,070<\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b92,10,000 &#8211; \u20b97,20,000<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 56px;\">\n<td style=\"height: 56px;\">\n<p><a href=\"https:\/\/www.squareyards.com\/borivali-west-in-mumbai-overview-941\">Borivali West<\/a><\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b995,300 &#8211; \u20b91,47,250<\/p>\n<\/td>\n<td style=\"height: 56px;\">\n<p>\u20b91,10,000 &#8211; \u20b91,76,000<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>For circle rate per sq. ft. Mumbai, divide the sq. mt. rate by 10.764.<\/i><\/p>\n<h2><b>Ready Reckoner Rate for Flats, Land &amp; Commercial in Mumbai<\/b><\/h2>\n<p>The IGR Maharashtra ready reckoner 2026 doesn\u2019t follow a single rate for every property. The value changes depending on what you\u2019re buying:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Residential flats:<\/b> These cover apartments and built-up units. In many cases, flats on higher floors are valued slightly higher than those on lower floors.<\/li>\n<li aria-level=\"1\"><b>Residential land:<\/b> This applies to plots and independent houses. The rate is usually lower than flats since it doesn\u2019t include construction value.<\/li>\n<li aria-level=\"1\"><b>Commercial property:<\/b> 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.<\/li>\n<\/ul>\n<h2><b>How to Check Ready Reckoner Rate on IGR Maharashtra Portal<\/b><\/h2>\n<p>To get the exact ready reckoner rate Mumbai 2026 for a specific property:<\/p>\n<ul>\n<li aria-level=\"1\">Visit the official IGR Maharashtra website<\/li>\n<li aria-level=\"1\">Go to the e-ASR section<\/li>\n<li aria-level=\"1\">Select Mumbai City or Mumbai Suburban<\/li>\n<li aria-level=\"1\">Choose your area (like Andheri or Borivali)<\/li>\n<li aria-level=\"1\">Enter CTS or survey details for precise results<\/li>\n<\/ul>\n<p>This is the most reliable way to check the ready reckoner rate in Mumbai.<\/p>\n<h2><b>Stamp Duty Calculation Using Circle Rate in Mumbai<\/b><\/h2>\n<p>Your total cost isn\u2019t just the property price. You also pay Maharashtra stamp duty current rates and registration charges:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Male \/ Joint buyers:<\/b> 6% (5% stamp duty + 1% metro cess)<\/li>\n<li aria-level=\"1\"><b>Female buyers:<\/b> 5% for residential property<\/li>\n<li aria-level=\"1\"><b>Registration charges:<\/b> 1%, capped at \u20b930,000<\/li>\n<\/ul>\n<p>Stamp duty is calculated on whichever is higher: your deal value or the circle rate in Mumbai.<\/p>\n<p><strong>Other Cities Circle Rate<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td>Circle Rate in Pune<\/td>\n<td><a href=\"https:\/\/www.squareyards.com\/blog\/circle-rate-in-pune-crc\">Pune Circle Rate<\/a><\/td>\n<\/tr>\n<tr>\n<td>Circle Rate in Ahmedabad<\/td>\n<td><a href=\"https:\/\/www.squareyards.com\/blog\/jantri-rate-in-ahmedabad-crc\">Ahmedabad Circle Rate<\/a><\/td>\n<\/tr>\n<tr>\n<td>Circle Rate in Bangalore<\/td>\n<td><a href=\"https:\/\/www.squareyards.com\/blog\/circle-rate-in-bangalore-crc\">Bangalore Circle Rate<\/a><\/td>\n<\/tr>\n<tr>\n<td>Circle Rate in Chennai<\/td>\n<td><a href=\"https:\/\/www.squareyards.com\/blog\/circle-rate-in-chennai-crc\">Chennai Circle Rate<\/a><\/td>\n<\/tr>\n<tr>\n<td>Circle Rate in Hyderabad<\/td>\n<td><a href=\"https:\/\/www.squareyards.com\/blog\/circle-rate-in-hyderabad-crc\">Hyderabad Circle Rate<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>Circle Rates in Key Mumbai Localities (Andheri, Bandra, Thane)<\/b><\/h2>\n<p>Different pockets have very different pricing:<\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<p><b>Locality<\/b><\/p>\n<\/td>\n<td>\n<p><b>Approx. Circle Rate (\u20b9 per sq mt)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Andheri Mumbai<\/p>\n<\/td>\n<td>\n<p>\u20b91.14 lakh to \u20b92.43 lakh<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Bandra Mumbai<\/p>\n<\/td>\n<td>\n<p>Up to \u20b94.5 lakh<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>South Mumbai<\/p>\n<\/td>\n<td>\n<p>Among the highest, especially in Colaba and Worli<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Thane<\/p>\n<\/td>\n<td>\n<p>\u20b965,000 to \u20b91.4 lakh<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Navi Mumbai<\/p>\n<\/td>\n<td>\n<p>\u20b91.05 lakh to \u20b91.25 lakh (Vashi, Nerul)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>Latest Revision of Ready Reckoner Rates in Maharashtra<\/b><\/h2>\n<p>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.<\/p>\n<p>So, for now, the ready reckoner rate for Mumbai remains unchanged from the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019ll also hear it called the Annual Statement of Rates (ASR). No matter what price you negotiate, this is the minimum value [&hellip;]<\/p>\n","protected":false},"author":125,"featured_media":1035431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[226],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/1035425"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=1035425"}],"version-history":[{"count":10,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/1035425\/revisions"}],"predecessor-version":[{"id":1086277,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/1035425\/revisions\/1086277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/1035431"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=1035425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=1035425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}