What are the Current Circle Rate in Mumbai?

Circle rate in Mumbai is notified for 19 specified zones. The rates are fixed basis the current market value of the areas. Also known as ready reckoner rates, they form an essential consideration during sale, purchase or mortgage of a property while availing loans. The circle rates for commercial properties are usually higher than for residential properties.

What is Circle Rate?

Circle rate or ready reckoner rate is the minimum rate that the government notifies for transactions related sale or purchase, resulting in property registration. Ready reckoner rate in Mumbai is fixed by the Stamps and Registration Department of the city.


During property valuation, the rate is compared with the declared transaction value of a property, the higher of which is considered for stamp duty calculation and payment.


Circle rate in Mumbai was last updated in April 2017 and remained the same for the financial year 2018-19.

Existing Ready Reckoner Rate in Mumbai for Flats, Apartments, Offices and Shops

Below are specified the existing circle rates for different areas in Mumbai.

Areas in Mumbai Circle Rates for Offices/Shops (In Rs./sq. metres) Circle Rates for Apartments and Flats (In Rs./sq. metres)
Andheri East 1,25,000 - 2,68,000/1,65,000 - 3,31,000 1,14,000 - 2,44,000
Andheri East Marol 1,11,000 - 1,78,000/1,40,000 - 3,38,000 92,100 - 1,57,000
Andheri Varivali 1,66,000 - 1,90,000/2,07,000 - 2,50,000 1,45,000 - 1,73,000
Andheri West 1,56,000 - 2,60,000/ 2,14,000 - 3,25,000 1,38,000 - 2,10,000
Andheri East Kurla Road 1,43,000 - 1,74,000/1,73,000 - 2,37,000 1,08,000 - 1,58,000
Andheri Oshiwara 1,21,000 - 2,61,000/1,67,000 - 3,03,000 1,01,000 - 2,37,000
Andheri Versova 1,64,000 - 2,60,000/1,97,000 - 3,25,000 1,49,000 - 2,09,000
Bandra East 1,30,000 - 3,27,000/1,88,000 - 4,17,000 1,11,000 - 2,90,000
Bandra West 1,51,000 - 4,95,000/1,91,000 - 6,02,000 1,32,000 - 4,50,000
Bandra Reclamation 2,79,000/3,59,000 2,43,000
Bapnala 1,11,000/1,49,000 91,200
Borivali (East) 1,42,000 - 2,43,000/65,800 - 3,02,000 52,800 - 1,18,000
BKC and Kalina 1,48,000 - 3,79,000/1,88,000 - 4,55,000 1,29,000 - 3,44,000
Borivali (West) 1,15,000 - 1,44,000/1,38,000 - 2,05,000 95,300 - 1,18,000
Byculla 1,05,000 - 5,30,000/1,57,000 - 6,36,000 82,000 - 4,70,000
Brahamanwada 1,34,000 - 1,59,000/1,99,000 - 2,25,000 1,20,000 - 1,37,000
Colaba 3,08,000 - 7,96,000/3,68,000 - 9,24,000 2,80,000 - 6,52,000
Dharavi 81,000 - 96,800/98,500 - 1,16,000 73,600 - 88,000
Dadar 1,05,000 - 2,50,000/1,31,000 - 3,32,000 71,300 - 2,22,000
Dindoshi 1,25,000 - 2,00,000/1,61,000 - 2,52,000 93,700 - 1,70,000
Fort 2,32,000 - 7,10,000/2,61,000 - 8,37,000 1,82,000 - 5,92,000
Goregaon East 63,300 - 2,46,000/87,600 - 4,03,000 51,000 - 2,21,000
Girgaum Chowpatty 2,01,000 - 5,51,000/2,41,000 - 8,23,000 1,65,000 - 4,541,00
Goregaon West 81,300 - 2,39,000/97,400 - 3,17,000 68,700 - 1,77,000
Juhu 2,54,000 - 4,15,000/3,03,000 - 5,07,000 2,31,000 - 3,77,000
Jogeshwari East 1,32,000 - 2,32,000/1,50,000 - 2,53,000 1,15,000 - 2,11,000
Lower Parel 1,89,000 - 6,51,000/2,14,000 - 7,66,000 1,78,000 - 5,24,000
Kandivali East 1,48,000 - 1,86,000/53,700 - 2,12,000 42,900 - 1,69,000
Madh Village 90,400/1,32,000 58,400
Kandivali West 1,63,000/1,96,000 1,31,000
Malabar and Cumballa Hills 4,42,000 - 10,62,000/5,14,000 - 11,97,000 3,40,000 - 8,61,000
Mahim 2,36,000 - 4,63,000/2,57,000 - 6,16,000 2,15,000 - 3,81,000
Malad East 98,000 - 1,88,000/1,27,000 - 2,48,000 74,600 - 1,63,000
Malvani 90,000 - 1,19,000/1,03,000 - 1,37,000 78,800 - 1,06,000
Malad West 1,18,000 - 2,11,000/1,39,000 - 2,96,000 98,900 - 1,71,000
Mandvi 1,93,000 - 2,89,000/2,33,000 - 3,69,000 1,26,000 - 2,21,000
Matunga 1,71,000 - 2,96,000/2,13,000 - 4,02,000 1,43,000 - 2,52,000
Marine Drive 2,19,000 - 4,68,000/2,88,000 - 5,57,000 1,65,000 - 4,46,000
Mazgaon 96,100 - 2,69,000/1,10,000 - 3,23,000 69,400 - 2,18,000
Parel Sewri 1,21,000 - 3,78,000/1,51,000 - 4,38,000 84,600 - 3,36,000
Nariman Point 5,18,000 - 6,99,000/6,55,000 - 8,31,000 4,14,000 - 5,76,000
Parigha Creek 1,06,000 - 2,90,000/1,51,000 - 3,03,000 89,100 - 1,72,000
Princess Dock 2,05,000 - 2,76,000/2,49,000 - 3,83,000 1,59,000 - 2,40,000
Parjapur Andheri 1,02,000/1,22,00085,400 85,400
Sahar 1,55,000/1,74,000 1,41,000
Sion 1,53,000 - 2,65,000/1,83,000 - 3,31,000 1,28,000 - 2,33,000
Salt Pan 1,05,000 - 2,11,000/1,57,000 - 2,83,000 91,600 - 1,92,000
Tardeo 2,05,000 - 4,81,000/2,57,000 - 5,68,000 1,71,000 - 3,37,000
Villages 55,100 - 1,38,000/66,000 - 1,80,000 42,000 - 1,25,000
Vile Parle West 2,40,000 - 3,29,000/2,90,000 - 4,11,000 1,76,000 - 2,73,000
Worli 2,13,000 - 5,96,000/2,67,000 - 7,01,000 1,73,000 - 5,88,000

What Does Circle Rate in Mumbai Depend Upon?

Ready reckoner rate in Mumbai varies for different areas based on two primary consideration –

  • The current market value of the area.
  • Available amenities and other facilities in the area.

Based on this, 19 zones are divided into 221 sub-zones in Mumbai. Further, other factors also affect circle rate in Mumbai. Check them out below.


- Property occupancy, i.e., residential or commercial.

- Type of property, i.e., apartment, flat, independent house or plot.

Additionally, a property’s open parking and stilt parking are also considered for value assessment and payment of stamp duty during sale/purchase. Similar evaluations are undertaken when mortgaging it for a loan against property.

Parking Slot Valuation in Mumbai

The valuations of parking slots to determine the circle rate in Mumbai are as follows.

  • Open parking – Parking slot area x 40% of the area’s circle rate.
  • Covered/stilt parking – Parking slot area x 25% of circle rate per unit area of the property.

Besides, pricing for flats or apartments also depends on floor rise, attracting a premium for advancing floors. The applicable premiums are listed below.

Floor-Wise Premium for Flats in Mumbai

  • Nil for flats up to 4th floor.
  • 5% for flats between 5th and 10th floors.
  • 10% for flats between 11th and 20th floors.
  • 15% for flats from 21st to 30th floors.
  • 20% for flats above the 31st floor.

Note that floor-wise premium will be a consideration in property valuation, be it for sale/purchase or for availing a property loan.

Current Stamp Duty in Mumbai

Stamp duty value is the higher of the value assessed as per the ready reckoner rate and declared agreement value. The prevailing stamp duty rates in Mumbai are as follows.

  1. 6% for females.
  2. 6% for males.
  3. 6% for joint ownership of male and female.

Registry Charges in Mumbai

Registration charges for property transaction are levied over and above the stamp duty valuation. The registry charges in Mumbai are 1% of the property’s value or Rs.30,000, lesser of the two.

How to Calculate Property Value in Mumbai Using Circle Rate for Stamp Duty Payment?

Complete the steps given below to calculate property value using circle rate in Mumbai.

  1. Determine the property’s built-up area, which is considered higher of actual built-up area and 1.2 x carpet area of the flat.
  2. Choose the property type like flat, plot, house, builder floor, etc.
  3. Opt for the area or locality of the property as classified by the government.
  4. Compute minimum assessment value based on ready reckoner rate in Mumbai for –
    • House construction on plot – Plot Area (in sq. metres) x circle rate for flats in the area (in Rs./sq. metres) X 1.25
    • Residential flats and apartments – Calculate a sum of the following.
      1. Flat’s built-up area (in sq. meters) x applicable circle rate (in Rs./sq. meter) x 1 + premium on floor rise
      2. Open parking slot valuation (As per formula mentioned above)
      3. Covered/stilted parking slot valuation (As per formula mentioned above)

Areas in Mumbai

Circle rate in Mumbai is notified for the following areas and localities in the city.

  • Andheri East
  • Bandra Reclamation
  • Fort
  • Andheri East Marol
  • Bapnala
  • Goregaon East
  • Andheri Varivali
  • Borivali (East)
  • Girgaum Chowpatty
  • Andheri West
  • BKC and Kalina
  • Goregaon West
  • Andheri East Kurla Road
  • Borivali (West)
  • Juhu
  • Andheri Oshiwara
  • Byculla
  • Jogeshwari East
  • Andheri Versova
  • Brahamanwada
  • Jogeshwari West
  • Bandra East
  • Colaba
  • Lower Parel
  • Bandra West
  • Dharavi
  • Kandivali East
  • Mazgaon
  • Dadar
  • Madh Village
  • Parel Sewri
  • Dindoshi
  • Kandivali West
  • Nariman Point
  • Malvani
  • Malabar and Cumballa Hills
  • Parigha Creek
  • Malad West
  • Mahim
  • Princess Dock
  • Mandvi
  • Malad East
  • Parjapur Andheri
  • Matunga
  • Villages
  • Sahar
  • Marine Drive
  • Vile Parle East
  • Vile Parle West
  • Sion
  • Wadhvan
  • Worli
  • Salt Pan
  • Tardeo