Average Ready Reckoner rate for a flat in Madh Island area
₹6,971 per sq ft
₹75,040 per sq m
- Zones
- 3
- Applicable from
- 1 Apr 2025
Madh Island Ready Reckoner rate per sq ft by property type
Residential (flat)
₹6,971 per sq ft
₹75,040 per sq m
Same in all 2 zones
Open land (plot)
₹2,635 per sq ft
₹28,360 per sq m
Range by zone ₹2,161–₹2,635
Office
₹8,398 per sq ft
₹90,400 per sq m
Same in all 2 zones
Shops
₹12,226 per sq ft
₹1,31,600 per sq m
Same in all 2 zones
Industrial
₹7,051 per sq ft
₹75,900 per sq m
Same in all 2 zones
Every zone that lists a flat rate has the same figure, so here the zone matters only for other property types.
Zone wise Ready Reckoner rate in Madh Island area
Ready Reckoner for Madh Island 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 Andheri 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 |
|---|---|---|---|---|---|---|
| 48/234 | Area: properties included in Mauje-Madh, Taluka Andheri: Mauje-Erangal, Taluka Borivali to the north, Madh Jetty Road to the south, Malad Creek to the east and Arabian Sea to the west. | 75,040 | 28,360 | 90,400 | 1,31,600 | 75,900 |
| 48/234A | Area: properties included in the CRZ-I zone. | — | 23,260 | — | — | — |
| 48/234B | Area: properties included in Mauje Madh, Taluka Andheri: Madh Jetty Road to the north, Malad Creek to the east, Arabian Sea to the west and south. | 75,040 | 28,360 | 90,400 | 1,31,600 | 75,900 |
— means the schedule publishes no rate for that zone.
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
- ₹69.7 lakh
- 1,000 sq ft × ₹6,971 per sq ft
- Stamp duty (6%)
- ₹4,18,260
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹4,48,260
- 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 ₹69.7 lakh, use the stamp duty calculator for Madh Island 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 ₹6,971 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹69.7 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.
Madh Island Ready Reckoner rate FAQs
What is Ready Reckoner rate in Madh Island per sq ft?
₹6,971 per sq ft (₹75,040 per sq m) for a flat. It is the same in every zone that lists it.
Is stamp duty in Madh Island 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 Madh Island's average flat rate has a Ready Reckoner value of about ₹69.7 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Madh Island changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Madh Island's average flat rate stays at ₹75,040 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Madh Island 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 Madh Island's average ₹6,971 per sq ft, that is roughly ₹76.7 lakh to ₹83.7 lakh.
What is Ready Reckoner rate for shops in Madh Island?
About ₹12,226 per sq ft (₹1,31,600 per sq m) on average, around 1.8 times the flat rate. Offices average ₹90,400 per sq m.
Do women pay less stamp duty in Madh Island?
Yes, on homes bought only by women, with no male co-buyer: duty is 1% lower. That saves about ₹69,700 on a ₹69.7 lakh Ready Reckoner value.
Ready Reckoner rates in other Andheri taluka areas
Bandra West
Andheri · flat ₹29,102/sq ft, 317% higher than Madh Island
Kalina
Andheri · flat ₹18,165/sq ft, 161% higher than Madh Island
Bandivali
Andheri · flat ₹11,343/sq ft, 63% higher than Madh Island
Majas
Andheri · flat ₹13,925/sq ft, 100% higher than Madh Island
Parighkhadi
Andheri · flat ₹14,583/sq ft, 109% higher than Madh Island
Andheri East
Andheri · flat ₹15,781/sq ft, 126% higher than Madh Island
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Madh Island with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai Suburban, Andheri, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in