Average Ready Reckoner rate for a flat in Powai area
₹20,321 per sq ft
₹2,18,730 per sq m
- Range by zone
- ₹15,645–₹30,966
- Zones
- 13
- Applicable from
- 1 Apr 2025
Powai Ready Reckoner rate per sq ft by property type
Residential (flat)
₹20,321 per sq ft
₹2,18,730 per sq m
Range by zone ₹15,645–₹30,966
Open land (plot)
₹8,078 per sq ft
₹86,950 per sq m
Range by zone ₹7,102–₹10,958
Office
₹25,977 per sq ft
₹2,79,610 per sq m
Range by zone ₹17,992–₹35,612
Shops
₹28,237 per sq ft
₹3,03,940 per sq m
Range by zone ₹19,556–₹38,708
Industrial
₹20,321 per sq ft
₹2,18,730 per sq m
Range by zone ₹15,645–₹30,966
Flat rates in the Powai locality range from ₹15,645 to ₹30,966 per sq ft (₹1,68,400 to ₹3,33,320 per sq m), depending on the zone. The highest is zone 114/541; the lowest is zone 113/539. Shops are rated about 1.4 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Powai area
Ready Reckoner for Powai area has 13 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 Kurla 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 |
|---|---|---|---|---|---|---|
| 113/539 | All properties in Tirandaj village. | 1,68,400 | 76,440 | 1,93,660 | 2,10,500 | 1,68,400 |
| 113/539A | Area: the listed property to the south of Adi Shankaracharya Marg. | 2,12,960 | 92,590 | 2,44,900 | 2,66,200 | 2,12,960 |
| 113/539B | Properties with an area of more than 5 hectares. | 1,99,500 | 81,170 | 2,29,420 | 2,49,370 | 1,99,500 |
| 114/540 | All Powai village properties except those in zone 114/541 | 2,06,930 | 87,930 | 2,45,400 | 2,70,100 | 2,08,700 |
| 114/540A | Lake Homes, Mayfair and similar projects | 2,18,730 | 86,950 | 2,83,200 | 3,40,000 | 2,18,730 |
| 114/541 | Developed properties fronting Adi Shankaracharya Marg | 3,33,320 | 1,17,950 | 3,83,320 | 4,16,650 | 3,33,310 |
| 114/541A | Slum properties south of Adi Shankaracharya Marg | 2,84,310 | 94,850 | 3,26,950 | 3,55,380 | 2,84,310 |
| 114/541B | Properties in the first developed belt south of Adi Shankaracharya Marg / Properties larger than 1-5 hectares | 3,16,620 | 1,07,890 | 3,64,120 | 3,95,780 | 3,16,620 |
| 114/541B-1 | Properties larger than 5 hectares | 3,27,750 | 1,06,700 | 3,76,910 | 4,09,680 | 3,27,750 |
| 114/541C | Properties in the non-development zone of Powai village / Properties larger than 1-5 hectares | 2,57,200 | 84,630 | 2,95,780 | 3,21,500 | 2,57,200 |
| 114/541C-1 | Properties larger than 5 hectares | 2,43,150 | 81,450 | 2,79,610 | 3,03,940 | 2,43,150 |
| 118/545 | All properties east of development plan road No. 9 in Kopari village. | 1,91,180 | 82,650 | 2,19,860 | 2,38,980 | 1,91,180 |
| 118/545A | All properties west of development plan road No. 9 in Kopari village. | 1,91,180 | 82,650 | 2,19,860 | 2,38,980 | 1,91,180 |
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
- ₹2.03 crore
- 1,000 sq ft × ₹20,321 per sq ft
- Stamp duty (6%)
- ₹12,19,260
- 5% duty + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹12,49,260
- 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 ₹2.03 crore, use the stamp duty calculator for Powai 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 ₹20,321 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹2.03 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.
Powai Ready Reckoner rate FAQs
What is Ready Reckoner rate in Powai per sq ft?
About ₹20,321 per sq ft (₹2,18,730 per sq m) for a flat in Powai on average. Zone rates run from ₹15,645 to ₹30,966 per sq ft, so use the rate for your own zone.
Which part of Powai has the highest Ready Reckoner rate?
Zone 114/541, “Developed properties fronting Adi Shankaracharya Marg”, at ₹3,33,320 per sq m (about ₹30,966 per sq ft). The lowest is zone 113/539 at ₹1,68,400 per sq m.
Is stamp duty in Powai 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 Powai's average flat rate has a Ready Reckoner value of about ₹2.03 crore. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Powai changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Powai's average flat rate stays at ₹2,18,730 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Powai 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 Powai's average ₹20,321 per sq ft, that is roughly ₹2.24 crore to ₹2.44 crore.
What is Ready Reckoner rate for shops in Powai?
About ₹28,237 per sq ft (₹3,03,940 per sq m) on average, around 1.4 times the flat rate. Offices average ₹2,79,610 per sq m.
Ready Reckoner rates in other Kurla taluka areas
Chembur
Kurla · flat ₹15,171/sq ft, 25% lower than Powai
Kurla
Kurla · flat ₹9,381/sq ft, 54% lower than Powai
Tunga
Kurla · flat ₹19,908/sq ft, similar rate
Deonar
Kurla · flat ₹21,244/sq ft, similar rate
Chandivali
Kurla · flat ₹17,677/sq ft, 13% lower than Powai
Kanjur Marg
Kurla · flat ₹15,971/sq ft, 21% lower than Powai
See all 76 areas on the Mumbai Suburban Ready Reckoner rate page, or compare Powai with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Mumbai Suburban, Kurla, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in