Average Ready Reckoner rate for a flat in Matunga area
₹24,850 per sq ft
₹2,67,485 per sq m
- Range by zone
- ₹16,389–₹28,550
- Zones
- 12
- In Mumbai City
- 10th highest
- Applicable from
- 1 Apr 2025
Matunga Ready Reckoner rate per sq ft by property type
Residential (flat)
₹24,850 per sq ft
₹2,67,485 per sq m
Range by zone ₹16,389–₹28,550
Open land (plot)
₹9,950 per sq ft
₹1,07,100 per sq m
Range by zone ₹5,832–₹11,676
Office
₹28,577 per sq ft
₹3,07,605 per sq m
Range by zone ₹18,847–₹32,832
Shops
₹32,194 per sq ft
₹3,46,530 per sq m
Range by zone ₹20,486–₹37,319
Industrial
₹24,850 per sq ft
₹2,67,485 per sq m
Range by zone ₹16,389–₹28,550
Flat rates in the Matunga locality range from ₹16,389 to ₹28,550 per sq ft (₹1,76,410 to ₹3,07,310 per sq m), depending on the zone. The highest is zone 16/108; the lowest is zone 16/109A.
Zone wise Ready Reckoner rate in Matunga area
Ready Reckoner for Matunga area has 12 zones. They are described by roads and ward or sector numbers, 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 |
|---|---|---|---|---|---|---|
| 16/106 | Babasaheb Ambedkar Road – Dadar Banbakhana to the Kings Circle railway station bridge | 2,73,870 | 1,11,020 | 3,14,950 | 3,42,330 | 2,73,870 |
| 16/107 | Area west of the Central Railway line, north of Deodhar Road, east of Babasaheb Ambedkar Road, south of the ward's southern boundary | 2,66,590 | 1,07,100 | 3,06,570 | 4,01,700 | 2,66,590 |
| 16/107A | Area west of the Central Railway line, north of the Harbour Railway line, east of Babasaheb Ambedkar Road, south of Deodhar Road | 2,43,650 | 93,790 | 2,80,200 | 3,04,560 | 2,43,650 |
| 16/107B | Area north of Tilak Road, east of Dr. Babasaheb Ambedkar Road, south of the ward's southern boundary, west of the Central Railway line | 2,66,590 | 1,07,100 | 3,06,570 | 4,01,700 | 2,66,590 |
| 16/108 | Area west of Babasaheb Ambedkar Road, north of G.D. Ambekar Road & Nathalal Parekh Road, south of the ward's southern boundary | 3,07,310 | 1,25,680 | 3,53,400 | 3,84,130 | 3,07,310 |
| 16/108A | Area north of Tilak Road, east of G.D. Ambekar Road, south of the ward's southern boundary, west of Dr. Babasaheb Ambedkar Road | 3,07,310 | 1,25,680 | 3,53,400 | 3,84,130 | 3,07,310 |
| 16/108B | Area north of Lady Jahangir Road, east of G.D. Ambekar Road, south of Tilak Road, west of Dr. Babasaheb Ambedkar Road | 3,07,310 | 1,25,680 | 3,53,400 | 3,84,130 | 3,07,310 |
| 16/109 | Area east of Rafi Ahmed Kidwai Road, west of G.D. Ambekar Road & Nathalal Parekh Road, north of Dr. Babasaheb Ambedkar Road, south of Naigaon Cross Road No. 26 | 2,36,580 | 1,00,640 | 2,72,060 | 3,40,400 | 2,36,580 |
| 16/109A | Chincholi Patti along Rafi Ahmed Kidwai Road in the Matunga zone | 1,76,410 | 62,780 | 2,02,870 | 2,20,510 | 1,76,410 |
| 16/109B | G.D. Ambekar Road & Nathalal Parekh Road (Mumbai Marathi Granth Sangrahalay road junction to Dr. Ambedkar Road junction) | 2,21,960 | 1,04,450 | 2,55,250 | 2,77,450 | 2,21,960 |
| 16/110 | Area north, east & south of the division boundary, west of the Harbour Railway line & zone boundary | 2,68,380 | 1,00,170 | 3,08,640 | 3,35,470 | 2,68,380 |
| 16/110A | Mumbai Port Trust properties in original valuation zone 16/110 | 2,80,580 | 1,09,710 | 3,22,670 | 3,50,730 | 2,80,580 |
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
- ₹2.49 crore
- 1,000 sq ft × ₹24,850 per sq ft
- Stamp duty (6%)
- ₹14,91,000
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹15,21,000
- 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 ₹2.49 crore, use the stamp duty calculator for Matunga 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 ₹24,850 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹2.49 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.
Matunga Ready Reckoner rate FAQs
What is Ready Reckoner rate in Matunga per sq ft?
About ₹24,850 per sq ft (₹2,67,485 per sq m) for a flat in Matunga on average. Zone rates run from ₹16,389 to ₹28,550 per sq ft, so use the rate for your own zone.
Which part of Matunga has the highest Ready Reckoner rate?
Zone 16/108 at ₹3,07,310 per sq m (about ₹28,550 per sq ft). The lowest is zone 16/109A, “Chincholi Patti along Rafi Ahmed Kidwai Road in the Matunga zone”, at ₹1,76,410 per sq m.
Is stamp duty in Matunga 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 Matunga's average flat rate has a Ready Reckoner value of about ₹2.49 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Matunga changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Matunga's average flat rate stays at ₹2,67,485 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Matunga 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 Matunga's average ₹24,850 per sq ft, that is roughly ₹2.73 crore to ₹2.98 crore.
What is Ready Reckoner rate for shops in Matunga?
About ₹32,194 per sq ft (₹3,46,530 per sq m) on average, around 1.3 times the flat rate. Offices average ₹3,07,605 per sq m.
Ready Reckoner rates in other Mumbai City areas
Lower Parel
Mumbai City · flat ₹30,285/sq ft, 22% higher than Matunga
Fort
Mumbai City · flat ₹30,008/sq ft, 21% higher than Matunga
Sion
Mumbai City · flat ₹22,461/sq ft, 10% lower than Matunga
Tardeo
Mumbai City · flat ₹25,534/sq ft, similar rate
Girgaon
Mumbai City · flat ₹22,198/sq ft, 11% lower than Matunga
Mahim
Mumbai City · flat ₹28,697/sq ft, 15% higher than Matunga
See all 20 areas on the Mumbai City Ready Reckoner rate page, or compare Matunga 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