Colaba, Mumbai Ready Reckoner Rates May 2022

• Ready reckoner rates in Colaba refer to the minimum rate notified by the Maharashtra Government through the registrar or sub-registrar office of Mumbai for registration of property transactions.
• Stamp duty in Colaba is to be paid on the higher of the declared transaction value and the value calculated as per the ready reckoner rate chart applicable for the sector or area of Mumbai.
• Ready reckoner rates of Mumbai have been updated based on the Government of Maharashtra rate hike effective from 1st April, 2017.
• To check the current ready reckoner rate for Colaba in Mumbai, you can check the MyLoanCare ready reckoner rate table.

Zone / Subzone	Location / Area	Flats and Apartments (₹ Per Square Meter)	Office / Shop (₹ Per Square Meter)
1/ 5A	Portion bound by Prakash Pethe Marg on East, sea on West and North and World Trade Centre on South	₹ 6.52 Lakh	₹ 7.96 Lakh / ₹ 9.13 Lakh
1/ 2	Cuffe Parade Road (Prakash Pethe Marg) and Jagannathrao Bhosle Marg (Foreshore Road) portion between Cuffe Parade and u parto the end of division boundary	₹ 6.26 Lakh	₹ 7.70 Lakh / ₹ 9.24 Lakh
1/ 5	Cuffe Parade Portion towards North of Dr. Homi Bhabha Road and East portion of Prakash Pethe Marg.	₹ 6.33 Lakh	₹ 6.96 Lakh / ₹ 8.47 Lakh
1/ 3	Shaheed Bhagat Singh Road from Colaba to Regal Cinema	₹ 5.08 Lakh	₹ 6.28 Lakh / ₹ 7.54 Lakh
1/ 3A	Shaheed Bhagat Singh Marg from R Salgaonkar Marg to Colaba boundary	₹ 4.42 Lakh	₹ 5.23 Lakh / ₹ 6.27 Lakh
1/ 6A	Portion bound by sea on East, Shaheed Bhagat Singh Road on West, Homi Bhabha Road on South and division boundary on North	₹ 4 Lakh	₹ 4.40 Lakh / ₹ 4.98 Lakh
1/ 6	East part of Prakash Pethe Marg and Jagannath Bhosale Marg and South part of Madam Cama Road, except portion of Sub-zone 1/3	₹ 4.36 Lakh	₹ 4.79 Lakh / ₹ 5.32 Lakh
1/ 5B	On East Praksh Pethe Marg, West Sea, on South Dr Homi Bhaba Road, on Notth Sadhu Vaswani Road and onwards limit of world Trade Centre.	₹ 3.77 Lakh	₹ 4.30 Lakh / ₹ 4.97 Lakh
1/ 1	Dr. Homi Bhabha Road - North Portion of Colaba towards Navy Nagar	₹ 2.83 Lakh	₹ 3.15 Lakh / ₹ 3.78 Lakh
1/ 4	Portion of Navy Nagar and Colaba towards south of Dr. Homi Bhabha Road. Navy Nagar, TIFR (Tata Institute of Fundamental Research) and Colaba Point	₹ 2.80 Lakh	₹ 3.08 Lakh / ₹ 3.68 Lakh

Stamp duty is payable as a percentage of the higher declared agreement value and assessed value as per the ready reckoner rate chart.

Current stamp duty rates in Colaba, Mumbai:

Stamp Duty Rate	Rates
Males	5%
Females	4%
Male and Female Joint Owners	5%

Sub Zone	CTS Numbers
5A	124, 139, 138, 137, 136, 135, 134, 133, 132, 131, 130, 129, 128, 140, 126, 125, 122, 121, 119, 117, 115, 113, 111, 109, 107, 105, 103, 79, 201, 127, 190, 141, 123, 199, 188, 183, 181, 167, 165, 163, 161, 142, 63, 61, 65, 67, 69, 71, 73, 75, 77, 53, 57, 59, 55, 114, 200, 96, 97, 98, 99, 100, 101, 102, 104, 106, 108, 94, 112, 93, 116, 118, 120, 162, 164, 166, 168, 182, 187, 189, 198, 110, 78, 202, 54, 56, 58, 60, 62, 66, 68, 70, 72, 95, 76, 82, 81, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 74, 80, 628, 617, 618, 623, 599, 624, 627, 629, 639, 118A, 625, 631, 626, 633, 634
2	145, 146, 87, 87A, 87K, 143, 89, 109, 87, 84, 88, 142, 81, 139, 85, 108, 106, 105, 104, 97, 96, 95, 93, 90, 141, 109, 321, 613, 142, 89, 140, 139, 322, 110, 320, 108, 107, 106, 105, 104, 103, 111, 487, 492, 491, 141, 33, 488, 489, 486, 485, 484, 483, 482, 481, 598, 103, 90, 87B, 147, 144, 107, 94, 88, 83, 603, 490, 140
5	641, 592, 6, 600, 612, 616, 55, 634, 479, 67, 70, 631, 11, 50, 118A, 477, 33, 3, 28, 27, 25, 2, 18, 17, 52, 68, 99, 97B, 97D, 95, 92, 88B, 83, 120A, 119A, 117, 101, 100, 116, 98, 97A, 96, 94, 91, 86A, 85, 74, 188B, 119B, 24, 115, 54, 10, 26, 4, 478, 51, 56, 596, 60, 604, 625, 630, 632, 1, 636, 614, 5, 64, 597, 73A, 120, 118, 102, 69, 642, 637, 633, 63, 84, 88A, 93, 602, 615, 58, 622, 626, 97K, 97, 53
3	313, 418, 417, 41, 39, 382, 367, 366, 364, 363, 355, 318, 421, 13, 80, 112, 113, 317, 126, 315, 133, 208, 209, 210, 312, 424, 120, 457, 62, 499, 498, 497, 495, 42, 446, 43, 431, 433, 44, 442, 47, 445, 458, 447, 449, 45, 452, 454, 114, 443, 12, 416, 500, 448, 420, 496, 453, 430, 46, 365, 435, 383, 444, 162, 2/59, 211, 354, 314, 13/324
3A	122, 221, 75, 76, 64, 63, 60, 58, 50, 51, 52, 54, 55, 29, 30, 26, 23, 115, 116, 71, 72, 73, 74, 77, 78, 2/78, 61, 48, 49, 38, 2/31, 5, 8, 24, 1/2, 1/22, 1/23, 6, 7, 9, 10, 18, 40, 1/51, 121, 264, 2/58, 2/59
6A	67, 68, 69, 122, 123, 124, 125, 127, 132, 133, 134, 135, 136, 137, 138, 139, 140, 146, 147, 148, 149, 150, 151, 152, 153, 154, 155, 156, 157, 158, 159, 160, 163, 164, 165, 166, 167, 168, 169, 170, 171, 172, 173, 174, 175, 176, 177, 178, 179, 180, 181, 182, 183, 184, 185, 186, 187, 188, 189, 190, 191, 192, 193, 194, 195, 196, 197, 198, 199, 200, 201, 203, 204, 205, 206, 207, 208, 209, 210, 211, 212, 213, 214, 215, 216, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 227, 228, 229, 230, 231, 232, 233, 234, 235, 236, 237, 238, 239, 240, 241, 242, 243, 244, 245, 246, 247, 248, 249, 250, 251, 252, 253, 254, 255, 256, 257, 258, 259, 260, 261, 262, 263, 264, 265, 266, 267, 268, 269, 270, 271, 272, 273, 274, 275, 276, 277, 278, 279, 280, 281, 282, 283, 284, 285, 286, 287, 288, 289, 290, 291, 292, 293, 294, 295, 296, 297, 298, 299, 300, 301, 302, 303, 304, 305, 306, 310, 311, 364, 389, 390, 392, 393, 394, 395, 396, 397, 398, 399, 400, 401, 402, 403, 404, 405, 406, 407, 408, 410, 411, 412, 413, 414, 415, 416, 417, 459, 460, 461, 462, 466, 468, 469, 470, 471, 475, 505, 511, 512, 514, 555, 556, 559, 572, 638, 27, 1/389, 161, 19/69, 20/69, 21/69, 22/69, 23/69, 24/69, 24, 25, 26, 56, 13/384, 53, 66, 3/38
6	519, 518, 215, 203, 204, 205, 206, 207, 214, 218, 102, 135, 217, 213, 106, 117, 118, 122, 123, 124, 221, 134, 247, 137, 138, 14, 16, 132, 260, 37, 163, 287, 285, 282, 279, 277, 274, 271, 268, 241, 263, 224, 258, 255, 252, 250, 244, 239, 236, 233, 231, 229, 226, 266, 19, 506, 509, 511, 514, 590, 79, 92, 377, 188, 254, 346, 191, 193, 195, 197, 199, 201, 219, 186, 409, 384, 385, 389, 390, 392, 395, 398, 401, 503, 406, 501, 411, 414, 422, 425, 428, 436, 441, 228, 403, 177, 222, 520, 17/324, 38, 381, 183, 182, 181, 378, 178, 202, 175, 174, 172, 171, 170, 168, 167, 166, 179, 350, 164, 23, 232, 235, 237, 240, 243, 347, 379, 349, 225, 352, 356, 358, 36, 361, 368, 455, 370, 348, 337, 306, 307, 31, 311, 325, 326, 327, 329, 330, 331, 333, 103, 335, 302, 338, 34, 340, 341, 343, 344, 345, 251, 248, 245, 100, 334, 286, 439, 200, 256, 259, 262, 264, 267, 270, 272, 275, 278, 304, 283, 303, 289, 29, 290, 292, 293, 294, 296, 297, 298, 30, 300, 310, 281, 397, 35, 427, 423, 415, 413, 410, 407, 405, 437, 399, 440, 394, 369, 362, 360, 359, 357, 353, 351, 402, 638, 198, 196, 194, 192, 190, 308, 187, 184, 434, 91, 185, 572, 513, 510, 507, 505, 502, 456, 451, 99, 189, 119, 107, 101, 438, 136, 125, 408, 328, 336, 339, 342, 386, 393, 396, 426, 404, 412, 98, 508, 504, 459, 450, 429, 15, 419, 400, 246, 305, 165, 332, 227, 319, 216, 223, 515, 238, 512, 253, 261, 269, 276, 284, 291, 299, 230, 295, 169, 173, 176, 180, 242, 301, 234, 309, 526, 65, 517, 249, 257, 288, 280, 273, 265, 220, 13/318
5B	652, 86A, 87C, 88B, 88A, 97A, 97B, 97C, 97D, 118A, 119A, 119B, 120A, 188B, 86
1	591, 643
4	600, 474, 21, 20

✅What is the highest ready reckoner rate for Colaba?

In Colaba ,zone 1 charges the highest circle rate.The circle rate for this area is- ₹ 6.52 Lakh for residential flats and ₹ 7.96 Lakh for office property.

✅What is the stamp duty rate in Colaba, Mumbai?

The stamp duty rate in the entire city is the same. Currently, the rate for men is 5% and for women, it is 4%. Also, for joint owners, the rate is 5%.

✅What are the factors on which circle rates depend in Mumbai?

Ready reckoner rates in Colaba, Mumbai are dependent on the factors like the type of property, usage of property, and amenities in property. These factors also affect the stamp and registration value.

✅What is a ready reckoner rate in Colaba?

It is a standard value of the immovable property in Colaba, Colaba decided by the state government of Maharashtra where the property is situated. Below the circle rate, no property transaction cannot take place, if it happens then serious action can be taken against the dealer.