Average Ready Reckoner rate for a flat in Ring Road area
₹4,931 per sq ft
₹53,075 per sq m
- Range by zone
- ₹4,706–₹5,156
- Zones
- 2
- Applicable from
- 1 Apr 2025
Ring Road Ready Reckoner rate per sq ft by property type
Residential (flat)
₹4,931 per sq ft
₹53,075 per sq m
Range by zone ₹4,706–₹5,156
Open land (plot)
₹3,609 per sq ft
₹38,850 per sq m
Range by zone ₹3,196–₹4,023
Office
₹6,118 per sq ft
₹65,850 per sq m
Range by zone ₹5,723–₹6,513
Shops
₹7,595 per sq ft
₹81,750 per sq m
Range by zone ₹6,977–₹8,213
Flat rates in the Ring Road locality range from ₹4,706 to ₹5,156 per sq ft (₹50,650 to ₹55,500 per sq m), depending on the zone. The highest is zone 1.52/344; the lowest is zone 1.31/327. Shops are rated about 1.5 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Ring Road area
Ready Reckoner for Ring Road area has 2 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 Nagpur Urban 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.
| Zone | Area covered | Flat₹/sq m | Open plot₹/sq m | Office₹/sq m | Shop₹/sq m |
|---|---|---|---|---|---|
| 1.31/327 | Middle Ring Road from the south boundary of the village to the east boundary of the village. Sheet No. 327 | 50,650 | 34,400 | 61,600 | 75,100 |
| 1.52/344 | Rose Road, sheet no. 344 | 55,500 | 43,300 | 70,100 | 88,400 |
Stamp duty and registration charges for a flat
Inside the Pune, Pimpri-Chinchwad, Thane and Nagpur municipal corporations you pay 7% stamp duty and a 1% registration fee, capped at ₹30,000, on your agreement value or Ready Reckoner value, whichever is higher. Councils and villages have different rates. Here is the minimum for a 1,000 sq ft flat at 7%.
- Ready Reckoner value
- ₹49.3 lakh
- 1,000 sq ft × ₹4,931 per sq ft
- Stamp duty (7%)
- ₹3,45,170
- 5% duty + 1% LBT + 1% metro cess
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Minimum you pay
- ₹3,75,170
- If your price is higher, you pay more
- Women buying a home on their own pay 1% less stamp duty: 6% instead of 7%.
If your agreed price is more than ₹49.3 lakh, use the stamp duty calculator for Ring Road 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 ₹4,931 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹49.3 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.
Ring Road Ready Reckoner rate FAQs
What is Ready Reckoner rate in Ring Road per sq ft?
About ₹4,931 per sq ft (₹53,075 per sq m) for a flat in Ring Road on average. Zone rates run from ₹4,706 to ₹5,156 per sq ft, so use the rate for your own zone.
Which part of Ring Road has the highest Ready Reckoner rate?
Zone 1.52/344, “Rose Road, sheet no. 344”, at ₹55,500 per sq m (about ₹5,156 per sq ft). The lowest is zone 1.31/327 at ₹50,650 per sq m.
Is stamp duty in Ring Road 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 Ring Road's average flat rate has a Ready Reckoner value of about ₹49.3 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Ring Road changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Ring Road's average flat rate stays at ₹53,075 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Ring Road 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 Ring Road's average ₹4,931 per sq ft, that is roughly ₹54.2 lakh to ₹59.2 lakh.
What is Ready Reckoner rate for shops in Ring Road?
About ₹7,595 per sq ft (₹81,750 per sq m) on average, around 1.5 times the flat rate. Offices average ₹65,850 per sq m.
Ready Reckoner rates in other Nagpur Urban taluka areas
Ambazari
Nagpur Urban · flat ₹6,191/sq ft, 26% higher than Ring Road
Sitabuldi
Nagpur Urban · flat ₹7,627/sq ft, 55% higher than Ring Road
Itwari
Nagpur Urban · flat ₹4,769/sq ft, similar rate
Mahal
Nagpur Urban · flat ₹4,945/sq ft, about the same
Hasanbag
Nagpur Urban · flat ₹4,714/sq ft, similar rate
Tulshibag
Nagpur Urban · flat ₹5,201/sq ft, 5% higher than Ring Road
See all 160 areas on the Nagpur Ready Reckoner rate page, or compare Ring Road with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Nagpur, Nagpur Urban, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in