Average Ready Reckoner rate for a flat in Lokmanya Nagar area
₹2,132 per sq ft
₹22,950 per sq m
- Range by zone
- ₹2,053–₹2,453
- Zones
- 18
- In Palghar
- 6th lowest
- Applicable from
- 1 Apr 2025
Lokmanya Nagar Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,132 per sq ft
₹22,950 per sq m
Range by zone ₹2,053–₹2,453
Open land (plot)
₹376 per sq ft
₹4,050 per sq m
Range by zone ₹242–₹510
Office
₹2,508 per sq ft
₹27,000 per sq m
Range by zone ₹2,397–₹2,917
Shops
₹3,642 per sq ft
₹39,200 per sq m
Range by zone ₹3,112–₹3,939
Industrial
₹2,508 per sq ft
₹27,000 per sq m
Range by zone ₹2,397–₹2,917
Flat rates in the Lokmanya Nagar locality range from ₹2,053 to ₹2,453 per sq ft (₹22,100 to ₹26,400 per sq m), depending on the zone. The highest is zone 3/18/A-3.1; the lowest is zone 3/16/A-1. Shops are rated about 1.7 times flats, so use the shop column for a ground-floor shop.
Zone wise Ready Reckoner rate in Lokmanya Nagar area
Ready Reckoner for Lokmanya Nagar area has 18 zones. They are described in words, not plot numbers, so type your road, society or landmark in the box below to find yours.
No match? Take the survey number from your 7/12 extract (satbara utara) to the Sub-Registrar office, and they can tell you the zone code to type here.
Still not sure? The Palghar 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 |
|---|---|---|---|---|---|---|
| 3/16/A-1 | Lands in residential and other allied permissible use map number 23 | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/16/B-1 | Lands in residential and other allied permissible use map number 22 | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/16/C-1 | Lands in residential and other allied permissible use map number 21A | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/16/D-1 | Lands in residential and other allied permissible use map number 25 | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/16/E-1 | Lands in residential and other allied permissible use map number 46 | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/16/F-1 | Lands in residential and other allied permissible use map number 45A | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/16/G-1 | Lands in residential and other allied permissible use map number 26 | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/17-1 | Land for homes, shops and offices | 22,100 | 2,600 | 27,000 | 39,200 | 27,000 |
| 3/18/A-3.1 | Lands in residential and other allied permissible use map No. 19A | 26,400 | 5,490 | 30,400 | 40,500 | 30,400 |
| 3/18/B-3.1 | Lands in residential and other allied permissible use map No. 23 | 26,400 | 5,490 | 30,400 | 40,500 | 30,400 |
| 3/18/C-3.1 | Lands in residential and other allied permissible use map No. 22 | 26,400 | 5,490 | 30,400 | 40,500 | 30,400 |
| 3/18/D-3.1 | Lands in residential and other allied permissible use map No. 25 | 26,400 | 5,490 | 30,400 | 40,500 | 30,400 |
| 3/18/E-3.1 | Lands in residential and other allied permissible use map No. 26 | 26,400 | 5,490 | 30,400 | 40,500 | 30,400 |
| 3/19-3.2 | Land for homes, shops and offices | 24,400 | 4,480 | 28,100 | 36,800 | 28,100 |
| 3/20/A-4.1 | Lands in residential and other allied permissible use map No. 23 | 25,900 | 4,590 | 31,400 | 42,400 | 31,400 |
| 3/20/B-4.1 | Lands in residential and other allied permissible use map No. 22 | 25,900 | 4,590 | 31,400 | 42,400 | 31,400 |
| 3/21-4.2 | Land for homes, shops and offices | 23,500 | 4,270 | 27,000 | 37,200 | 27,000 |
| 3/22-5 | Village settlement (old village settlement) land | 22,400 | 3,830 | 25,800 | 33,500 | 25,800 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Lokmanya Nagar 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 average flat rate.
- Ready Reckoner value
- ₹21.3 lakh
- 1,000 sq ft × ₹2,132 per sq ft
- Every 1% of stamp duty
- ₹21,320
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹21,320
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Lokmanya Nagar depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹21.3 lakh, use the stamp duty calculator for Lokmanya Nagar 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 ₹2,132 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹21.3 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.
Lokmanya Nagar Ready Reckoner rate FAQs
What is Ready Reckoner rate in Lokmanya Nagar per sq ft?
About ₹2,132 per sq ft (₹22,950 per sq m) for a flat in Lokmanya Nagar on average. Zone rates run from ₹2,053 to ₹2,453 per sq ft, so use the rate for your own zone.
Which part of Lokmanya Nagar has the highest Ready Reckoner rate?
Zone 3/18/A-3.1 at ₹26,400 per sq m (about ₹2,453 per sq ft). The lowest is zone 3/16/A-1 at ₹22,100 per sq m.
Is stamp duty in Lokmanya Nagar 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 Lokmanya Nagar's average flat rate has a Ready Reckoner value of about ₹21.3 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Lokmanya Nagar changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Lokmanya Nagar's average flat rate stays at ₹22,950 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Lokmanya Nagar 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 Lokmanya Nagar's average ₹2,132 per sq ft, that is roughly ₹23.5 lakh to ₹25.6 lakh.
What is Ready Reckoner rate for shops in Lokmanya Nagar?
About ₹3,642 per sq ft (₹39,200 per sq m) on average, around 1.7 times the flat rate. Offices average ₹27,000 per sq m.
Ready Reckoner rates in other Palghar taluka areas
Palghar Town
Palghar · flat ₹3,493/sq ft, 64% higher than Lokmanya Nagar
Vevur
Palghar · flat ₹2,638/sq ft, 24% higher than Lokmanya Nagar
Gothanpur
Palghar · flat ₹2,104/sq ft, similar rate
Nawali
Palghar · flat ₹2,434/sq ft, 14% higher than Lokmanya Nagar
Gholvira
Palghar · flat ₹1,960/sq ft, 8% lower than Lokmanya Nagar
Tembhode
Palghar · flat ₹2,578/sq ft, 21% higher than Lokmanya Nagar
See all 68 areas on the Palghar Ready Reckoner rate page, or compare Lokmanya Nagar with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Palghar, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in