Stamp Duty = (₹1,00,00,000 x 5% ) + (₹1,00,00,000 x 1%) ≈ ₹6,00,000
In the bustling sub-registrar offices of Old Mumbai, there’s a recurring drama every March. As the clock ticks toward midnight on March 31st, a frantic rush of buyers and lawyers descends, papers in hand. They are racing against the "April 1st Ghost"—the annual revision of the Ready Reckoner rates. ready reckoner rate mumbai
| Feature | Ready Reckoner Rate | Market Price | | :--- | :--- | :--- | | | State Government | Demand-supply dynamics | | Trend | Typically 30-50% lower than market price in most areas. | Often significantly higher (e.g., South Mumbai premium projects). | | Exception | In some undersold suburbs or slum areas, RRR can be higher than market price. | Can fall below RRR in a market downturn. | | Update frequency | Revised annually (usually January 1). | Changes daily/weekly. | Stamp Duty = (₹1,00,00,000 x 5% ) +
The in Mumbai, officially known as the Annual Statement of Rates (ASR) , is the government-mandated minimum valuation for property transactions . For the financial year 2026–27, these rates have largely remained stable at the previous year's levels. | Feature | Ready Reckoner Rate | Market
Note: Always verify current rates on the official portal, as RRR changes every January 1st.