Ready Reckoner Rates in Colaba, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 1/Land/4 | Navy Nagar portion and Colaba portion towards south of Dr. Homi Bhabha road. Navy Nagar, Tata Institute of fundamental research and Colaba point | ₹2,75,370/sqm | ₹3,16,680/sqm | ₹3,61,460/sqm |
| 1/Land/4A | Property owned by the mumbai port trust in original market value zone no. 1/4 (land) | ₹3,09,560/sqm | ₹3,55,990/sqm | ₹3,86,950/sqm |
| 1/Land/5A | Towards east Prakash pethe marg, West Sea, towards South World trade centre and towards North G.D> Somani Marg | ₹7,22,810/sqm | ₹8,31,240/sqm | ₹9,03,520/sqm |
| 1/Land/5B | On East Prakash pethe marg, West Sea, towards South Dr. Homi Bhabha Road, on North Sadhu Vaswani Road and onwards limit of World Trade Centre | ₹3,76,700/sqm | ₹4,33,210/sqm | ₹4,91,770/sqm |
| 1/Land/6 | Prakash Pethe Marg, Jagannath Bhosale Marg and Nathalal Parekh Marg on the West, Regal Cinema to Shaheed Bhagat Singh Marg and Colaba Causeway Road on East, bakery lane to the South, all portion surrounded. | ₹4,46,840/sqm | ₹5,13,870/sqm | ₹5,58,560/sqm |
| 1/Land/6A | On East Sea, on west Shaheed Bhagat Singh Road on South Dr. Homi Bhabha Road on North Division Boundary | ₹4,51,500/sqm | ₹5,19,230/sqm | ₹5,64,380/sqm |
| 1/Land/6B | Property owned by the mumbai port trust in market value zone no. 1/6 (land) | ₹5,06,270/sqm | ₹5,82,210/sqm | ₹6,32,840/sqm |
| 1/Land/6C | Property owned by the mumbai port trust in market value zone no. 1/6A (land) | ₹4,62,250/sqm | ₹5,31,590/sqm | ₹5,77,820/sqm |
| 1/Road/1 | Dr. Homi Bhabha Road (North Portion of Colaba towards Navy Nagar) | ₹2,96,830/sqm | ₹3,41,360/sqm | ₹3,73,070/sqm |
| 1/Road/2 | Prakash Pethe Marg (Cuffe Parade Road) and Jaganth rao Bhosale Marg (Foreshore Road) (Portion between Cuffe Parade and upto the end of Boundary of Division) | ₹6,49,670/sqm | ₹7,70,100/sqm | ₹9,24,000/sqm |
| 1/Road/3 | Shaheed Bhagat Singh Marg (From Regal Cinema to R. Salgoankar Road) | ₹4,96,910/sqm | ₹6,28,000/sqm | ₹7,24,760/sqm |
| 1/Road/3A | Shaheed Bhagat Singh Marg (From R. Salgoankar Road to bakery lane) | ₹4,64,790/sqm | ₹5,34,510/sqm | ₹6,07,960/sqm |
| 1/Road/3B | Property owned by mumbai port trust in market value zone no. 1/3 (Road) | ₹4,91,990/sqm | ₹6,28,000/sqm | ₹7,24,760/sqm |
| 1/Road/3C | Property owned by mumbai port trust in market value zone no. 1/3 (Road) | ₹4,24,800/sqm | ₹5,22,700/sqm | ₹6,07,960/sqm |
Source: Annual Statement of Rates (ASR) FY 2026-27, Maharashtra Government
What is the Ready Reckoner Rate?
The Ready Reckoner Rate (also called the Circle Rate or ASR rate) is the minimum property value set by the Maharashtra government for calculating stamp duty and registration fees. Every property transaction in Mumbai must use at least this rate for stamp duty computation.
How is stamp duty calculated?
Stamp duty = ASR rate × Built-up Area (BUA) × floor rise multiplier. BUA = RERA carpet area × 1.10 (new properties). Floor premiums apply from the 5th floor onwards. See our step-by-step guide for the full formula.
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