Average Ready Reckoner rate for a flat in Town Market area
₹2,964 per sq ft
₹31,900 per sq m
- Zones
- 1
- Applicable from
- 1 Apr 2025
Town Market Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,964 per sq ft
₹31,900 per sq m
1 zone
Open land (plot)
₹1,115 per sq ft
₹12,000 per sq m
1 zone
Office
₹3,098 per sq ft
₹33,350 per sq m
1 zone
Shops
₹4,459 per sq ft
₹48,000 per sq m
1 zone
Ready Reckoner rate in Town Market: one zone
Town Market has one zone in the schedule, so one set of rates applies.
Want to confirm the rate? The Nanded Sub-Registrar office can confirm the rate 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 |
|---|---|---|---|---|---|
| 1.63 | Town Market to Lokmanya Mangal Karyalaya road | 31,900 | 12,000 | 33,350 | 48,000 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Town Market falls in a municipal corporation, a council or a village. It is charged on your agreement value or Ready Reckoner value, whichever is higher, and registration fee is 1%, capped at ₹30,000. Here are the figures for a 1,000 sq ft flat at this area's flat rate.
- Ready Reckoner value
- ₹29.6 lakh
- 1,000 sq ft × ₹2,964 per sq ft
- Every 1% of stamp duty
- ₹29,640
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹29,640
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Town Market depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹29.6 lakh, use the stamp duty calculator for Town Market 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 ₹2,964 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹29.6 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.
Town Market Ready Reckoner rate FAQs
What is Ready Reckoner rate in Town Market per sq ft?
₹2,964 per sq ft (₹31,900 per sq m) for a flat. Town Market has one zone, so this rate applies across it.
Does one Ready Reckoner rate cover all of Town Market?
Yes. The schedule lists a single zone for Town Market, zone 1.63. If your property isn't in it, the Nanded Sub-Registrar office can tell you which entry applies.
Is stamp duty in Town Market 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 Town Market's flat rate has a Ready Reckoner value of about ₹29.6 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Town Market changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Town Market's flat rate stays at ₹31,900 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Town Market 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 Town Market's average ₹2,964 per sq ft, that is roughly ₹32.6 lakh to ₹35.6 lakh.
What is Ready Reckoner rate for shops in Town Market?
About ₹4,459 per sq ft (₹48,000 per sq m) on average, around 1.5 times the flat rate. Offices average ₹33,350 per sq m.
Ready Reckoner rates in other Nanded taluka areas
Assadullabad
Nanded · flat ₹3,219/sq ft, 9% higher than Town Market
Taroda Budruk
Nanded · flat ₹2,623/sq ft, 12% lower than Town Market
Jangamwadi
Nanded · flat ₹2,964/sq ft, about the same
Vazirabad
Nanded · flat ₹2,964/sq ft, about the same
Taroda Khurd
Nanded · flat ₹2,861/sq ft, similar rate
Barfi Chowk
Nanded · flat ₹3,066/sq ft, similar rate
See all 49 areas on the Nanded Ready Reckoner rate page, or compare Town Market with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Nanded, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in