Average Ready Reckoner rate for a flat in Shastri Nagar area
₹2,759 per sq ft
₹29,700 per sq m
- Zones
- 1
- In Parbhani
- 7th highest
- Applicable from
- 1 Apr 2025
Shastri Nagar Ready Reckoner rate per sq ft by property type
Residential (flat)
₹2,759 per sq ft
₹29,700 per sq m
1 zone
Open land (plot)
₹919 per sq ft
₹9,890 per sq m
1 zone
Office
₹2,885 per sq ft
₹31,050 per sq m
1 zone
Shops
₹3,995 per sq ft
₹43,000 per sq m
1 zone
Ready Reckoner rate in Shastri Nagar: one zone
Shastri Nagar has one zone in the schedule, so one set of rates applies.
Want to confirm the rate? The Parbhani 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 |
|---|---|---|---|---|---|
| 1.44 | From the Government rest house on the Takali road: up to survey no. 22 (Shastri Nagar, Saraswati Nagar, Trimurti Nagar, Nath Nagar etc.) | 29,700 | 9,890 | 31,050 | 43,000 |
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Shastri 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 flat rate.
- Ready Reckoner value
- ₹27.6 lakh
- 1,000 sq ft × ₹2,759 per sq ft
- Every 1% of stamp duty
- ₹27,590
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹27,590
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Shastri Nagar depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹27.6 lakh, use the stamp duty calculator for Shastri 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 ₹2,759 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹27.6 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.
Shastri Nagar Ready Reckoner rate FAQs
What is Ready Reckoner rate in Shastri Nagar per sq ft?
₹2,759 per sq ft (₹29,700 per sq m) for a flat. Shastri Nagar has one zone, so this rate applies across it.
Does one Ready Reckoner rate cover all of Shastri Nagar?
Yes. The schedule lists a single zone for Shastri Nagar, zone 1.44. If your property isn't in it, the Parbhani Sub-Registrar office can tell you which entry applies.
Is stamp duty in Shastri 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 Shastri Nagar's flat rate has a Ready Reckoner value of about ₹27.6 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Shastri Nagar changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Shastri Nagar's flat rate stays at ₹29,700 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Shastri 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 Shastri Nagar's average ₹2,759 per sq ft, that is roughly ₹30.4 lakh to ₹33.1 lakh.
What is Ready Reckoner rate for shops in Shastri Nagar?
About ₹3,995 per sq ft (₹43,000 per sq m) on average, around 1.4 times the flat rate. Offices average ₹31,050 per sq m.
Ready Reckoner rates in other Parbhani taluka areas
Khanapur Tarf Zari
Parbhani · flat ₹2,064/sq ft, 25% lower than Shastri Nagar
Canal
Parbhani · flat ₹2,064/sq ft, 25% lower than Shastri Nagar
Nanal Peth
Parbhani · flat ₹2,759/sq ft, about the same
Narayan Chal Road
Parbhani · flat ₹3,066/sq ft, 11% higher than Shastri Nagar
Jintur Road
Parbhani · flat ₹2,759/sq ft, about the same
Subhash Road
Parbhani · flat ₹3,117/sq ft, 13% higher than Shastri Nagar
See all 40 areas on the Parbhani Ready Reckoner rate page, or compare Shastri Nagar with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Parbhani, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in