Average Ready Reckoner rate for a flat in Malad North area
₹13,711 per sq ft
₹1,47,580 per sq m
- Range by zone
- ₹6,550–₹15,023
- Zones
- 13
- Applicable from
- 1 Apr 2025
Malad North Ready Reckoner rate per sq ft by property type
Residential (flat)
₹13,711 per sq ft
₹1,47,580 per sq m
Range by zone ₹6,550–₹15,023
Open land (plot)
₹5,417 per sq ft
₹58,310 per sq m
Range by zone ₹2,810–₹7,505
Office
₹15,767 per sq ft
₹1,69,710 per sq m
Range by zone ₹7,897–₹18,395
Shops
₹17,517 per sq ft
₹1,88,550 per sq m
Range by zone ₹9,495–₹27,304
Industrial
₹13,711 per sq ft
₹1,47,580 per sq m
Range by zone ₹6,902–₹15,023
Flat rates in the Malad North locality range from ₹6,550 to ₹15,023 per sq ft (₹70,500 to ₹1,61,710 per sq m), depending on the zone. The highest is zone 64/311; the lowest is zone 64/316.
Zone wise Ready Reckoner rate in Malad North area
Ready Reckoner for Malad North area has 13 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 Borivali 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 |
|---|---|---|---|---|---|---|
| 64/305 | Area bounded by Chunilal Girandharlal Marg to the north, S.V. Road to the east, Mamledar Wadi Marg to the south, and the village boundary to the west | 1,47,580 | 58,310 | 1,69,710 | 1,84,470 | 1,47,580 |
| 64/305A | Area bounded by Goras Wadi Road to the north, S.V. Road to the east, Chunilal Giridharlal Marg to the south, and the village boundary to the west | 1,47,580 | 58,310 | 1,69,710 | 1,84,470 | 1,47,580 |
| 64/305B | Projects on sites larger than 2 hectares | 1,54,960 | 61,220 | 1,78,200 | 1,93,690 | 1,54,960 |
| 64/305C | Properties in the Metro Marvels project | 1,47,580 | 58,310 | 1,69,710 | 1,84,470 | 1,47,580 |
| 64/306 | Swami Vivekanand Rd | 1,25,520 | 64,690 | 1,98,000 | 2,93,900 | 1,25,520 |
| 64/307 | Ward boundary north; railway east; Mamledarwadi Marg south; S.V. Rd west | 1,16,310 | 47,680 | 1,62,400 | 2,49,800 | 1,16,310 |
| 64/308 | Village boundary north; railway east; ward boundary south; S.V. Rd west | 1,44,470 | 52,680 | 1,66,150 | 1,80,590 | 1,44,470 |
| 64/309 | Swami Vivekanand Rd | 1,39,520 | 66,440 | 1,60,450 | 1,74,410 | 1,39,520 |
| 64/310 | Shantilal Modi Rd | 1,60,050 | 80,780 | 1,84,050 | 2,15,900 | 1,60,050 |
| 64/311 | Mathuradas Rd | 1,61,710 | 67,840 | 1,85,970 | 2,23,800 | 1,61,710 |
| 64/312 | Mahatma Gandhi Rd | 1,12,100 | 56,290 | 1,51,100 | 1,99,400 | 1,12,100 |
| 64/315 | Village boundary north; S.V. Rd east; ward boundary south; Link Rd west | 1,50,840 | 60,340 | 1,73,470 | 1,88,550 | 1,50,840 |
| 64/316 | All land west of Link Rd | 70,500 | 30,250 | 85,000 | 1,02,200 | 74,290 |
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
- ₹1.37 crore
- 1,000 sq ft × ₹13,711 per sq ft
- Stamp duty (6%)
- ₹8,22,660
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹8,52,660
- 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 ₹1.37 crore, use the stamp duty calculator for Malad North 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 ₹13,711 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹1.37 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.
Malad North Ready Reckoner rate FAQs
What is Ready Reckoner rate in Malad North per sq ft?
About ₹13,711 per sq ft (₹1,47,580 per sq m) for a flat in Malad North on average. Zone rates run from ₹6,550 to ₹15,023 per sq ft, so use the rate for your own zone.
Which part of Malad North has the highest Ready Reckoner rate?
Zone 64/311 at ₹1,61,710 per sq m (about ₹15,023 per sq ft). The lowest is zone 64/316 at ₹70,500 per sq m.
Is stamp duty in Malad North 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 Malad North's average flat rate has a Ready Reckoner value of about ₹1.37 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Malad North changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Malad North's average flat rate stays at ₹1,47,580 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Malad North 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 Malad North's average ₹13,711 per sq ft, that is roughly ₹1.51 crore to ₹1.65 crore.
What is Ready Reckoner rate for shops in Malad North?
About ₹17,517 per sq ft (₹1,88,550 per sq m) on average, around 1.3 times the flat rate. Offices average ₹1,69,710 per sq m.
Ready Reckoner rates in other Borivali taluka areas
Malad East
Borivali · flat ₹11,220/sq ft, 18% lower than Malad North
Dahisar
Borivali · flat ₹12,457/sq ft, 9% lower than Malad North
Borivali
Borivali · flat ₹13,557/sq ft, similar rate
Chinchavali
Borivali · flat ₹13,983/sq ft, similar rate
Pahadi Eksar
Borivali · flat ₹12,572/sq ft, 8% lower than Malad North
Eksar
Borivali · flat ₹14,049/sq ft, similar rate
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Malad North with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai Suburban, Borivali, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in