Average Ready Reckoner rate for a flat in Pen area
₹3,623 per sq ft
₹39,000 per sq m
- Range by zone
- ₹2,536–₹4,812
- Zones
- 54
- Applicable from
- 1 Apr 2025
Pen Ready Reckoner rate per sq ft by property type
Residential (flat)
₹3,623 per sq ft
₹39,000 per sq m
Range by zone ₹2,536–₹4,812
Open land (plot)
₹576 per sq ft
₹6,200 per sq m
Range by zone ₹104–₹1,254
Office
₹4,167 per sq ft
₹44,850 per sq m
Range by zone ₹2,917–₹5,528
Shops
₹4,631 per sq ft
₹49,850 per sq m
Range by zone ₹3,623–₹6,299
Industrial
₹4,167 per sq ft
₹44,850 per sq m
Range by zone ₹2,917–₹5,528
Agricultural / green zone
₹1,36,20,000–1,75,20,000 / hectare
About ₹1,362–₹1,752/sq m
5 zones, not in the average figures
Flat rates in the Pen locality range from ₹2,536 to ₹4,812 per sq ft (₹27,300 to ₹51,800 per sq m), depending on the zone. The highest is zone 1/4; the lowest is zone 1/11.
Zone wise Ready Reckoner rate in Pen area
Ready Reckoner for Pen area has 54 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 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.
Farm and green-zone land is rated per hectare, so it has its own column.
Still not sure? The Pen 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 | Agri / green zone₹/hectare |
|---|---|---|---|---|---|---|---|
| 1/1 | Properties with frontage on both sides of the road. | 29,700 | 6,270 | 39,900 | 49,500 | 39,900 | — |
| 1/1-Mouje | Pen No. 1 main value rate division, sub-value rate division 1A, road division: Mahatma Gandhi Road - the part from the railway level crossing on the eastern side up to Shivaji Chowk; properties with frontage on both sides of the road. | 29,700 | 6,270 | 39,900 | 49,500 | 39,900 | — |
| 1/2 | Pen No. 1 main value rate division, sub-value rate 1B, road division, road division 1: the part of Mahatma Gandhi Road from Shivaji Chowk up to survey No. 363 (up to the city survey limit); properties with frontage on both sides of the road. | 33,300 | 6,590 | 38,300 | 47,500 | 38,300 | — |
| 1/2-Mouje | Pen No. 1 main value rate division, sub-value rate 1B, road division, road division 1: the part of Mahatma Gandhi Road from Shivaji Chowk up to survey No. 363 (up to the city survey limit); properties with frontage on both sides of the road. | 33,300 | 6,590 | 38,300 | 47,500 | 38,300 | — |
| 1/3 | Pen No. 1 main value rate division, sub-value rate division 1C, land division boundaries: to the east the Shivaji Road; and to the west, south and north the village settlement limits | 36,500 | 9,530 | 41,800 | 52,700 | 41,800 | — |
| 1/3-Mouje | Pen No. 1 main value rate division, sub-value rate division 1C, land division boundaries: to the east the Shivaji Road; and to the west, south and north the village settlement limits | 36,500 | 9,530 | 41,800 | 52,700 | 41,800 | — |
| 1/4 | Pen No. 1 main value rate division, sub-value rate division 2A, land division: all properties in between: to the north the Mahatma Gandhi Road; to the east the road from Shivaji Chowk southwards up to the High School and further the western limit of Municipal ward No. 5; to the south the Municipal southern limit; and to the west the railway line (excluding properties in the C division) | 51,800 | 13,500 | 59,500 | 64,500 | 59,500 | — |
| 1/4-Mouje | Pen No. 1 main value rate division, sub-value rate division 2A, land division: all properties in between: to the north the Mahatma Gandhi Road; to the east the road from Shivaji Chowk southwards up to the High School and further the western limit of Municipal ward No. 5; to the south the Municipal southern limit; and to the west the railway line (excluding properties in the C division) | 51,800 | 13,500 | 59,500 | 64,500 | 59,500 | — |
| 1/5 | Excluding the properties in the part | 39,600 | 13,300 | 50,100 | 67,800 | 50,100 | — |
| 1/5-Mouje | Pen No. 1 main value rate division, sub-value rate division 2B, land division boundaries: to the west the Shivaji Road; and to the east, north and south the city survey limit; all properties in between (excluding properties in the above D division) | 39,600 | 13,300 | 50,100 | 67,800 | 50,100 | — |
| 1/6 | Non-development zone | — | 2,270 | — | — | — | — |
| 1/6-no development zone | No development zone | — | 2,270 | — | — | — | — |
| 1/6/A | Non-development zone | — | 1,362 | — | — | — | — |
| 1/7 | Pen No. 1 main value rate division, sub-value rate division 3A, road division: the part of the Mumbai-Goa Road from the northern Municipal limit up to the railway bridge; and to the east all properties in survey Nos. 258, 269, 260, 254, 256, 251, 250, 242, 241, 35, 22, 35, 16A, 124, 126, 128 and 127. | 40,200 | 7,850 | 45,800 | 50,200 | 45,800 | — |
| 1/7-Mouje | Pen No. 1 main value rate division, sub-value rate division 3A, road division: the part of the Mumbai-Goa Road from the northern Municipal limit up to the railway bridge; and to the east all properties in survey Nos. 258, 269, 260, 254, 256, 251, 250, 242, 241, 35, 22, 35, 16A, 124, 126, 128 and 127. | 40,200 | 7,850 | 45,800 | 50,200 | 45,800 | — |
| 1/8 | Non-development zone | — | 2,270 | — | — | — | — |
| 1/8-no development zone | No development zone | — | 2,270 | — | — | — | — |
| 1/8/A | Non-development zone | — | 1,362 | — | — | — | — |
| 1/9 | Pen No. 1 main value rate division, sub-value rate division 3B, land division boundaries (triangular shape): to the west the part of the Mumbai-Goa Road; to the east and north the Pen-Antora Road, the part of the highway up to Shastri Chowk; and to the south from the Mahatma Gandhi Road level crossing up to Shastri Chowk; all properties in between excluding properties in the A and C divisions | 30,900 | 6,200 | 35,500 | 39,000 | 35,500 | — |
| 1/9-Mouje | Pen No. 1 main value rate division, sub-value rate division 3B, land division boundaries (triangular shape): to the west the part of the Mumbai-Goa Road; to the east and north the Pen-Antora Road, the part of the highway up to Shastri Chowk; and to the south from the Mahatma Gandhi Road level crossing up to Shastri Chowk; all properties in between excluding properties in the A and C divisions | 30,900 | 6,200 | 35,500 | 39,000 | 35,500 | — |
| 1/10 | Properties along the Goa road (excluding properties in A to K above) | 39,700 | 9,580 | 45,700 | 51,700 | 45,700 | — |
| 1/10-Mouje | Pen No. 1 main value rate division, sub-value rate division 4, land division boundaries: to the north the southern limit of survey Nos. 492 and 264; to the east the Shivaji Road and the western limit of the village settlement; to the south the part of the Pen-Antora Road; to the west the Mumbai-Goa Road; properties in between (excluding properties in A to K above) | 39,700 | 9,580 | 45,700 | 51,700 | 45,700 | — |
| 1/11 | The part from the bridge over the railway up to the Municipal western limit; properties with frontage on both sides of the road | 27,300 | 5,570 | 31,400 | 39,800 | 31,400 | — |
| 1/11-Mouje | Pen No. 1 main value rate division, sub-value rate division 5A, road division: the part of the Mumbai-Goa Road from the bridge over the railway up to the Municipal western limit; properties with frontage on both sides of the road | 27,300 | 5,570 | 31,400 | 39,800 | 31,400 | — |
| 1/12 | Pen No. 1 main value rate division, sub-value rate division 5B, land division: all properties to the north of the above B division and to the west of the railway line (up to the Municipal western limit) | 38,400 | 7,380 | 44,200 | 47,400 | 44,200 | — |
| 1/12-Mouje | Pen No. 1 main value rate division, sub-value rate division 5B, land division: all properties to the north of the above B division and to the west of the railway line (up to the Municipal western limit) | 38,400 | 7,380 | 44,200 | 47,400 | 44,200 | — |
| 1/13 | Pen No. 1 main value rate division, sub-value rate division 5K, land division: the part to the south of the above B division and to the west of the railway line up to the Municipal western limit; properties in this | 39,600 | 7,590 | 45,500 | 49,100 | 45,500 | — |
| 1/13-Mouje | Pen No. 1 main value rate division, sub-value rate division 5K, land division: the part to the south of the above --B-- division and to the west of the railway line up to the Municipal western limit; properties in this | 39,600 | 7,590 | 45,500 | 49,100 | 45,500 | — |
| 1/14 | Pen No. 1 main value rate division, sub-value rate division 6A, land division: farmlands along the riverbank; lands in the survey numbers | 41,900 | 8,420 | 48,000 | 52,500 | 48,000 | — |
| 1/14-Mouje | Pen No. 1 main value rate division, sub-value rate division 6A, land division: farmlands along the riverbank; lands in the survey numbers | 41,900 | 8,420 | 48,000 | 52,500 | 48,000 | — |
| 1/15 | No development — road facing, per sq m | — | 2,920 | — | — | — | — |
| 1/15/A | No development | — | 2,490 | — | — | — | — |
| 1/15/A-no development development | No development | — | 2,490 | — | — | — | — |
| 1/15/A/1 | No development | — | — | — | — | — | 1,49,40,000 |
| 1/15B | No development — road facing | — | — | — | — | — | 1,75,20,000 |
| 1/16 | All other properties excluding those in the zone | 44,300 | 8,540 | 50,500 | 55,300 | 50,500 | — |
| 1/16-Mouje | Pen No. 1 main value rate division, sub-value rate division 6B, land division: survey Nos. along the riverbank to the east of the city survey limit in wards Nos. 2 and 3 (all other properties excluding those in the above K division) | 44,300 | 8,540 | 50,500 | 55,300 | 50,500 | — |
| 1/17 | No development | — | 2,270 | — | — | — | — |
| 1/17-no development development | No development | — | 2,270 | — | — | — | — |
| 1/17/A | No development | — | — | — | — | — | 1,36,20,000 |
| 1/18 | Pen No. 1 main value rate division, sub-value rate division 7, land division: all properties to the south of the City Bank survey limit in ward No. 5 | 37,200 | 7,280 | 42,800 | 46,700 | 42,800 | — |
| 1/18-Mouje | Pen No. 1 main value rate division, sub-value rate division 7, land division: all properties to the south of the City Bank survey limit in ward No. 5 | 37,200 | 7,280 | 42,800 | 46,700 | 42,800 | — |
| 1/19 | No development — road facing, per sq m | — | 2,270 | — | — | — | — |
| 1/19-no development development | No development | — | 2,270 | — | — | — | — |
| 1/19/A | No development — road facing | — | — | — | — | — | 1,36,20,000 |
| 1/19/B | No development | — | — | — | — | — | 1,36,20,000 |
| 1/20 | Nagar Palika outside the limits zone-1 no development zone | — | 1,860 | — | — | — | — |
| 1/20/A | 1 Non-development zone | — | 1,116 | — | — | — | — |
| 1/21 | Nagar Palika outside the limits zone-2 no development zone | — | 1,860 | — | — | — | — |
| 1/21/A | 2 Non-development zone | — | 1,116 | — | — | — | — |
| 1/22 | Nagar Palika outside the limits zone-1 forest use zone | — | 1,470 | — | — | — | — |
| 1/23 | Nagar Palika outside the limits zone-2 forest use zone | — | 1,470 | — | — | — | — |
| 1/24 | Nagar Palika outside the limits zone-3 no development zone | — | 1,860 | — | — | — | — |
| 1/24/A | 3 Non-development zone | — | 1,116 | — | — | — | — |
— means the schedule publishes no rate for that zone.
Stamp duty and registration charges for a flat
In Maharashtra, stamp duty rate depends on whether Pen 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
- ₹36.2 lakh
- 1,000 sq ft × ₹3,623 per sq ft
- Every 1% of stamp duty
- ₹36,230
- The Sub-Registrar office can tell you the rate here
- Registration fee (1%)
- ₹30,000
- Capped at ₹30,000
- Women buying a home on their own pay 1% less stamp duty.
- Stamp duty rate for Pen depends on the local body. The Sub-Registrar office can confirm it.
If your agreed price is more than ₹36.2 lakh, use the stamp duty calculator for Pen 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 ₹3,623 per sq ft here, a 1,000 sq ft resale flat has a Ready Reckoner value of about ₹36.2 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.
Pen Ready Reckoner rate FAQs
What is Ready Reckoner rate in Pen per sq ft?
About ₹3,623 per sq ft (₹39,000 per sq m) for a flat in Pen on average. Zone rates run from ₹2,536 to ₹4,812 per sq ft, so use the rate for your own zone.
Why are some Ready Reckoner rates in Pen given per hectare?
5 zones are agricultural or green-zone land, which Ready Reckoner lists per hectare. They run from ₹1,36,20,000 to ₹1,75,20,000 per hectare. One hectare is 10,000 sq m, about 2.47 acres.
Which part of Pen has the highest Ready Reckoner rate?
Zone 1/4 at ₹51,800 per sq m (about ₹4,812 per sq ft). The lowest is zone 1/11 at ₹27,300 per sq m.
Is stamp duty in Pen 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 Pen's average flat rate has a Ready Reckoner value of about ₹36.2 lakh. If you pay more than that, duty is on your price.
Has Ready Reckoner rate in Pen changed for 2026-27?
No. The 2026-27 rates are the same as 2025-26, so Pen's average flat rate stays at ₹39,000 per sq m. The last change was on 1 April 2025.
Is Ready Reckoner rate in Pen 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 Pen's average ₹3,623 per sq ft, that is roughly ₹39.9 lakh to ₹43.5 lakh.
Ready Reckoner rates in other Pen taluka areas
Ambivali
Pen · flat ₹2,611/sq ft, 28% lower than Pen
Antore
Pen · flat ₹2,611/sq ft, 28% lower than Pen
Wave
Pen · flat ₹2,611/sq ft, 28% lower than Pen
Turkhul
Pen · flat ₹2,611/sq ft, 28% lower than Pen
Shitole
Pen · flat ₹2,611/sq ft, 28% lower than Pen
Shinganvat
Pen · flat ₹2,611/sq ft, 28% lower than Pen
See all 98 areas on the Raigad Ready Reckoner rate page, or compare Pen with another area side by side.
Source: Annual Statement of Rates (Ready Reckoner) 2026-27 for Raigad, Pen, Department of Registration and Stamps, Government of Maharashtra. igrmaharashtra.gov.in