Average Ready Reckoner rate for a flat in Colaba area
₹42,445 per sq ft
₹4,56,875 per sq m
- Range by zone
- ₹25,583–₹67,151
- Zones
- 14
- In Mumbai City
- 3rd highest
- Applicable from
- 1 Apr 2025
Colaba Ready Reckoner rate per sq ft by property type
Residential (flat)
₹42,445 per sq ft
₹4,56,875 per sq m
Range by zone ₹25,583–₹67,151
Open land (plot)
₹19,626 per sq ft
₹2,11,255 per sq m
Range by zone ₹12,080–₹30,063
Office
₹48,973 per sq ft
₹5,27,145 per sq m
Range by zone ₹29,421–₹77,225
Shops
₹55,081 per sq ft
₹5,92,890 per sq m
Range by zone ₹33,581–₹85,842
Industrial
₹42,445 per sq ft
₹4,56,875 per sq m
Range by zone ₹25,583–₹67,151
Flat rates in the Colaba locality range from ₹25,583 to ₹67,151 per sq ft (₹2,75,370 to ₹7,22,810 per sq m), depending on the zone. The highest is zone 1/5A; the lowest is zone 1/4.
Zone wise Ready Reckoner rate in Colaba area
Ready Reckoner for Colaba area has 14 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 Mumbai City 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 | Industrial₹/sq m |
|---|---|---|---|---|---|---|
| 1/1 | Bhabha Road, north of Navy Colaba | 2,96,830 | 1,47,320 | 3,41,360 | 3,73,070 | 2,96,830 |
| 1/2 | Prakash Pethe Road (Jagannath Bhosale Road), from Cuffe Parade northward to division boundary | 6,49,670 | 3,23,600 | 7,70,100 | 9,24,000 | 6,49,670 |
| 1/3 | Shahid Bhagat Singh Road, from Regal Cinema to R. Salgaonkar Road | 4,96,910 | 2,67,850 | 6,28,000 | 7,24,760 | 4,96,910 |
| 1/3A | Shahid Bhagat Singh Road, from R. Salgaonkar Road to Bekari Lane | 4,64,790 | 2,34,040 | 5,34,510 | 6,07,960 | 4,64,790 |
| 1/3B | Mumbai Port Trust properties within zone 1/3 | 4,91,990 | 2,67,850 | 6,28,000 | 7,24,760 | 4,91,990 |
| 1/3C | Mumbai Port Trust properties within zone 1/3A | 4,24,800 | 2,29,670 | 5,22,700 | 6,07,960 | 4,24,800 |
| 1/4 | Navi Nagar part - south Colaba south of Bhabha Road: Navy Nagar, Tata Institute of Fundamental Research, Colaba Point | 2,75,370 | 1,30,030 | 3,16,680 | 3,61,460 | 2,75,370 |
| 1/4A | Mumbai Port Trust properties within zone 1/4 | 3,09,560 | 1,47,830 | 3,55,990 | 3,86,950 | 3,09,560 |
| 1/5A | World Trade Center area: east Prakash Pethe Road, west sea, south WTC boundary, north G.D. Somani Road | 7,22,810 | 3,09,700 | 8,31,240 | 9,03,520 | 7,22,810 |
| 1/5B | Block east of Prakash Pethe Road, west sea, south Dr. Homi Bhabha Road, north Sadhu Vaswani Road to World Trade Center boundary | 3,76,700 | 1,98,730 | 4,33,210 | 4,91,770 | 3,76,700 |
| 1/6 | Block between Prakash Pethe Road/Jagannath Bhosale Road/Nathalal Parekh Road (west) and Regal Cinema - Shahid Bhagat Singh Road - Colaba Causeway (east), south to Bekari Lane | 4,46,840 | 1,93,490 | 5,13,870 | 5,58,560 | 4,48,670 |
| 1/6A | Block east of Arabian Sea, west Shahid Bhagat Singh Road, south Dr. Homi Bhabha Road, north division boundary | 4,51,500 | 1,96,370 | 5,19,230 | 5,64,380 | 4,51,500 |
| 1/6B | Mumbai Port Trust properties within zone 1/6 | 5,06,270 | 2,20,860 | 5,82,210 | 6,32,840 | 5,06,270 |
| 1/6C | Mumbai Port Trust properties within zone 1/6A | 4,62,250 | 2,01,650 | 5,31,590 | 5,77,820 | 4,62,250 |
Stamp duty and registration charges for a flat
In Mumbai you pay 6% stamp duty (5% duty plus 1% metro cess) and a 1% registration fee, capped at ₹30,000, on your agreement value or Ready Reckoner value, whichever is higher. Here is the minimum for a 1,000 sq ft flat at this area's average flat rate.
- Ready Reckoner value
- ₹4.24 crore
- 1,000 sq ft × ₹42,445 per sq ft
- Stamp duty (6%)
- ₹25,46,700
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹25,76,700
- If your price is higher, you pay more
- Women buying a home on their own pay 1% less stamp duty: 5% instead of 6%.
- At ₹50 lakh or more, the buyer also deducts 1% TDS from the payment to the seller.
If your agreed price is more than ₹4.24 crore, use the stamp duty calculator for Colaba 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 ₹42,445 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹4.24 crore, 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.
Colaba Ready Reckoner rate FAQs
What is Ready Reckoner rate in Colaba per sq ft?
About ₹42,445 per sq ft (₹4,56,875 per sq m) for a flat in Colaba on average. Zone rates run from ₹25,583 to ₹67,151 per sq ft, so use the rate for your own zone.
Which part of Colaba has the highest Ready Reckoner rate?
Zone 1/5A at ₹7,22,810 per sq m (about ₹67,151 per sq ft). The lowest is zone 1/4 at ₹2,75,370 per sq m.
Is stamp duty in Colaba 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 Colaba's average flat rate has a Ready Reckoner value of about ₹4.24 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Colaba changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Colaba's average flat rate stays at ₹4,56,875 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Colaba 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 Colaba's average ₹42,445 per sq ft, that is roughly ₹4.67 crore to ₹5.09 crore.
What is Ready Reckoner rate for shops in Colaba?
About ₹55,081 per sq ft (₹5,92,890 per sq m) on average, around 1.3 times the flat rate. Offices average ₹5,27,145 per sq m.
Ready Reckoner rates in other Mumbai City areas
Lower Parel
Mumbai City · flat ₹30,285/sq ft, 29% lower than Colaba
Fort
Mumbai City · flat ₹30,008/sq ft, 29% lower than Colaba
Marine Drive
Mumbai City · flat ₹39,724/sq ft, 6% lower than Colaba
Pedder Road
Mumbai City · flat ₹66,354/sq ft, 56% higher than Colaba
Worli
Mumbai City · flat ₹36,024/sq ft, 15% lower than Colaba
Malabar and Cumballa Hill
Mumbai City · flat ₹66,363/sq ft, 56% higher than Colaba
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Colaba with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai City, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in