Average Ready Reckoner rate for a flat in Old City area
₹5,865 per sq ft
₹63,130 per sq m
- Range by zone
- ₹3,372–₹6,065
- Zones
- 3
- In Akola
- 3rd highest
- Applicable from
- 1 Apr 2025
Old City Ready Reckoner rate per sq ft by property type
Residential (flat)
₹5,865 per sq ft
₹63,130 per sq m
Range by zone ₹3,372–₹6,065
Open land (plot)
₹3,842 per sq ft
₹41,350 per sq m
Range by zone ₹1,524–₹4,041
Office
₹6,744 per sq ft
₹72,595 per sq m
Range by zone ₹3,878–₹6,974
Shops
₹7,501 per sq ft
₹80,735 per sq m
Range by zone ₹4,215–₹7,710
Flat rates in the Old City locality range from ₹3,372 to ₹6,065 per sq ft (₹36,300 to ₹65,280 per sq m), depending on the zone. The highest is “Developed plots in Kirana market, Kothadi market, Loha market, etc” (zone 1.22/27D); the lowest is “Plots facing the main road from Chitra Talkies to the Tehsil office” (zone 1.27/28C).
Zone wise Ready Reckoner rate in Old City area
Ready Reckoner for Old City area has 3 zones. They are described by roads, not plot numbers, so type your road, society or landmark in the box below to find yours.
No match? Take the CTS number from your property card to the Sub-Registrar office, and they can tell you the zone code to type here.
Still not sure? The Akola Sub-Registrar office can confirm which zone it will use for your property. Our guide on finding your Ready Reckoner zone shows how to match your documents to a zone. If you think the value is too high, you can ask for it to be fixed under section 31 of the Maharashtra Stamp Act before you register. If the Collector fixes a higher value under section 32A, you can appeal within 60 days under section 32B.
Nothing matches. Try a road, landmark or society name from your agreement, or ask the Sub-Registrar office for the zone code.
| Zone | Area covered | Flat₹/sq m | Open plot₹/sq m | Office₹/sq m | Shop₹/sq m |
|---|---|---|---|---|---|
| 1.18/27C | Developed plots in the old cloth market, Kothadi market, Kirana market, etc. | 63,130 | 41,350 | 72,595 | 82,985 |
| 1.22/27D | Developed plots in Kirana market, Kothadi market, Loha market, etc. | 65,280 | 43,500 | 75,070 | 80,735 |
| 1.27/28C | Plots facing the main road from Chitra Talkies to the Tehsil office | 36,300 | 16,400 | 41,745 | 45,375 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Old City falls in a municipal corporation, a council or a village. It is charged on your agreement value or Ready Reckoner value, whichever is higher, and registration fee is 1%, capped at ₹30,000. Here are the figures for a 1,000 sq ft flat at this area's average flat rate.
- Ready Reckoner value
- ₹58.7 lakh
- 1,000 sq ft × ₹5,865 per sq ft
- Every 1% of stamp duty
- ₹58,650
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Old City depends on the local body. The Sub-Registrar office can confirm it.
- At ₹50 lakh or more, the buyer also deducts 1% TDS from the payment to the seller.
If your agreed price is more than ₹58.7 lakh, use the stamp duty calculator for Old City area to see what you will pay on your actual price.
Buying a resale flat
New and resale flats in the same zone have the same Ready Reckoner rate. At the average ₹5,865 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹58.7 lakh, the least the government accepts when the sale is registered. Ready Reckoner guidelines lower the value of the building as it gets older and raise it on higher floors in buildings with a lift, so two resale flats in one zone can differ a little. The price you agree with the seller is often higher, and banks lend on their own valuer's report, not on Ready Reckoner rate.
Old City Ready Reckoner rate FAQs
What is Ready Reckoner rate in Old City per sq ft?
About ₹5,865 per sq ft (₹63,130 per sq m) for a flat in Old City on average. Zone rates run from ₹3,372 to ₹6,065 per sq ft, so use the rate for your own zone.
Which part of Old City has the highest Ready Reckoner rate?
Zone 1.22/27D, “Developed plots in Kirana market, Kothadi market, Loha market, etc”, at ₹65,280 per sq m (about ₹6,065 per sq ft). The lowest is zone 1.27/28C, “Plots facing the main road from Chitra Talkies to the Tehsil office”, at ₹36,300 per sq m.
Is stamp duty in Old City charged on Ready Reckoner rate or my agreement price?
On your agreement price, unless Ready Reckoner value is higher. A 1,000 sq ft flat at Old City's average flat rate has a Ready Reckoner value of about ₹58.7 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Old City changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Old City's average flat rate stays at ₹63,130 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Old City on carpet or built-up area?
Built-up area. The ASR guidelines convert carpet area with a factor of 1.1 or 1.2, depending on the area and year. So a 1,000 sq ft carpet flat counts as about 1,100 to 1,200 sq ft built-up. At Old City's average ₹5,865 per sq ft, that is roughly ₹64.5 lakh to ₹70.4 lakh.
What is Ready Reckoner rate for shops in Old City?
About ₹7,501 per sq ft (₹80,735 per sq m) on average, around 1.3 times the flat rate. Offices average ₹72,595 per sq m.
Ready Reckoner rates in other Akola taluka areas
Umri Pragane Akola
Akola · flat ₹2,800/sq ft, 52% lower than Old City
Akkalkot
Akola · flat ₹1,850/sq ft, 68% lower than Old City
Amravati Road
Akola · flat ₹4,353/sq ft, 26% lower than Old City
Tilak Road
Akola · flat ₹6,591/sq ft, 12% higher than Old City
Ashok Vatika
Akola · flat ₹4,047/sq ft, 31% lower than Old City
Gandhi Road
Akola · flat ₹6,766/sq ft, 15% higher than Old City
See all 62 areas on the Akola Ready Reckoner rate page, or compare Old City with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Akola, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in