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Kandivali West, Mumbai Ready Reckoner Rates Jun 2021

Ready Reckoner Rate & Current Stamp Duty Kandivali West

Last Updated 25th Jun 2021

  • In Mumbai circle rates or ready reckoner rates are defined for zones.
  • Ready reckoner (RR) rate in Mumbai refers to the minimum rate which is set by the Maharashtra Government for any purchase-related to the property.
  • These rates are decided by the Stamps and Registration department of Mumbai.
  • In 2020, the market value of the properties in Mumbai city increased by an average of 1.74 per cent.
  • An increase was done to provide a boost to the real estate economy which has been struggling due to the coronavirus pandemic.
  • Stamp duty and registration fees in Mumbai for men is 5% and women is 4%.
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Ready Reckoner Rate Kandivali West

  • Ready reckoner rates in Kandivali West 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 Kandivali West 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 Kandivali West in Mumbai, you can check the MyLoanCare ready reckoner rate table.

Kandivali West Ready Reckoner Rates

Zone / Subzone Location / Area Flats and Apartments (₹ Per Square Meter) Office / Shop (₹ Per Square Meter)
77/ 338Between Railway line and S.V. Road Kandivali₹ 1.31 Lakh₹ 1.63 Lakh / ₹ 1.96 Lakh

Stamp Duty Rate in Kandivali West, Mumbai

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 Kandivali West, Mumbai:

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

Kandivali West Sub Zones CTS Numbers

Sub Zone CTS Numbers
3383, 4, 1, 2

FAQs

What is the highest ready reckoner rate for Kandivali West?

In Kandivali West ,zone 77 charges the highest circle rate.The circle rate for this area is- ₹ 1.31 Lakh for residential flats and ₹ 1.63 Lakh for office property.

What is the stamp duty rate in Kandivali West, 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 Kandivali West, 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 Kandivali West?

It is a standard value of the immovable property in Kandivali West, Kandivali West 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.


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