Average Ready Reckoner rate for a flat in MIDC area
₹2,821 per sq ft
₹30,360 per sq m
- Range by zone
- ₹2,525–₹2,964
- Zones
- 4
- Applicable from
- 1 Apr 2025
MIDC Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,821 per sq ft
₹30,360 per sq m
Range by zone ₹2,525–₹2,964
Open land (plot)
₹746 per sq ft
₹8,025 per sq m
Range by zone ₹502–₹930
Office
₹2,949 per sq ft
₹31,740 per sq m
Range by zone ₹2,778–₹3,098
Shops
₹3,995 per sq ft
₹43,000 per sq m
Range by zone ₹3,252–₹4,311
Flat rates in the MIDC locality range from ₹2,525 to ₹2,964 per sq ft (₹27,180 to ₹31,900 per sq m), depending on the zone. The highest is zone 1.125; the lowest is zone 1.127. Shops are rated about 1.4 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in MIDC area
Ready Reckoner for MIDC area has 4 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 Latur 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 |
|---|---|---|---|---|---|
| 1.125 | Properties on Harangul road (M.I.D.C. corner to Indianagar) (Subhashnagar) | 31,900 | 9,740 | 33,350 | 44,000 |
| 1.127 | Other properties | 27,180 | 5,400 | 29,900 | 35,000 |
| 1.131 | Properties on Harangul road (old Renapur naka to M.I.D.C.) (Indianagar, Swami Samarth Nagar | 31,900 | 10,010 | 33,350 | 46,400 |
| 1.132 | Properties on Baswantpur road (old Renapur naka to the northeast corner of M.I.D.C.) (L.I.C. office, S.T. Colony, L.I.C. Colony) | 28,820 | 6,310 | 30,130 | 42,000 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether MIDC 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
- ₹28.2 lakh
- 1,000 sq ft × ₹2,821 per sq ft
- Every 1% of stamp duty
- ₹28,210
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹28,210
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for MIDC depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹28.2 lakh, use the stamp duty calculator for MIDC 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 ₹2,821 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹28.2 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.
MIDC Ready Reckoner rate FAQs
What is Ready Reckoner rate in MIDC per sq ft?
About ₹2,821 per sq ft (₹30,360 per sq m) for a flat in MIDC on average. Zone rates run from ₹2,525 to ₹2,964 per sq ft, so use the rate for your own zone.
Which part of MIDC has the highest Ready Reckoner rate?
Zone 1.125 at ₹31,900 per sq m (about ₹2,964 per sq ft). The lowest is zone 1.127 at ₹27,180 per sq m.
Is stamp duty in MIDC 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 MIDC's average flat rate has a Ready Reckoner value of about ₹28.2 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in MIDC changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so MIDC's average flat rate stays at ₹30,360 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in MIDC 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 MIDC's average ₹2,821 per sq ft, that is roughly ₹31 lakh to ₹33.8 lakh.
What is Ready Reckoner rate for shops in MIDC?
About ₹3,995 per sq ft (₹43,000 per sq m) on average, around 1.4 times the flat rate. Offices average ₹31,740 per sq m.
Ready Reckoner rates in other Latur taluka areas
Khadgaon
Latur · flat ₹2,586/sq ft, 8% lower than MIDC
Ring Road
Latur · flat ₹2,749/sq ft, similar rate
Kanheri Road
Latur · flat ₹2,810/sq ft, about the same
Kanheri
Latur · flat ₹2,861/sq ft, similar rate
Udyog Bhavan
Latur · flat ₹2,759/sq ft, similar rate
Sawe Wadi
Latur · flat ₹2,861/sq ft, similar rate
See all 45 areas on the Latur Ready Reckoner rate page, or compare MIDC with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Latur, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in