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Ready reckoner rates in Navi Mumbai are one of the important parameters while buying a property. Because land is a state subject, the state government can determine a minimum rate for it and other assets.
Ready Reckoner Rate is the minimum defined per sq. m. rate of the property in a certain locality. The developer cannot sell the property below this rate or exceeding this rate.
A property transaction cannot be completed in Navi Mumbai below the minimum rate or above the highest ready reckoner rate.
The Municipal Corporation of Navi Mumbai is in charge of running the city. The charges vary depending on the region and several other criteria.
Here are factors that decide or affect the ready reckoner rates in Navi Mumbai.
Note:
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Knowing the ready reckoner rate of your locality is one of the priority things while buying or selling a real estate property.
You can find the ready reckoner rates in Navi Mumbai online by visiting the official website of the Department of Stamps and registering.
Step 1: To check Ready Reckoner Rates in Navi Mumbai, go to the official website.
Step 2: Click on e-ASR, this will take you to the next page where you can see a map with regions.
Step 3: Select the region, and then the District, and the village.
Step 4: The required ready reckoner rates will be shown on the screen.
The ready reckoner rates in Navi Mumbai are split into three categories, i.e.
- Rural areas
- Urban areas
- Influence areas
Here is a list of Ready Reckoner Rates in Navi Mumbai locality-wise.
| Locality Name | Residential |
| Airoli | Rs 80300 |
| Kopar khairne | Rs 87700 |
| Ghansoli | Rs 76300 |
| Vashi | Rs 103000 |
| Sanpada | Rs 102000 |
| Nerul | Rs 43000 |
| CBD Belapur | Rs 55500 |
| New Panvel | Rs 58800 |
| Kamothe | Rs 66600 |
| Ulwe | Rs 58800 |
| Kalamboli | Rs 58800 |
| Dronagiri | Rs 58800 |
| Taloja | Rs 56100 |
| Kharghar | Rs 88700 |
As compared to the residential sector, the rates for commercial spaces are higher. Additionally, the rates are greater in urban regions and lower in rural ones.
Here is a list of Ready reckoner rates in Navi Mumbai for the commercial sector locality-wise.
| Locality Name | Office space | Shop / Retail |
| Airoli | Rs 85700 | Rs 104000 |
| Kopar khairne | Rs 101900 | Rs 121500 |
| Ghansoli | Rs 91500 | Rs 108300 |
| Vashi | Rs 120200 | Rs 140100 |
| Sanpada | Rs 116500 | Rs 138100 |
| Nerul | Rs 55500 | Rs 66400 |
| CBD Belapur | Rs 67100 | Rs 81400 |
| New Panvel | Rs 71400 | Rs 90600 |
| Kamothe | Rs 74900 | Rs 90500 |
| Ulwe | Rs 71400 | Rs 90600 |
| Kalamboli | Rs 71400 | Rs 90600 |
| Dronagiri | Rs 71400 | Rs 90600 |
| Taloja | Rs 65400 | Rs 76500 |
| Kharghar | Rs 97600 | Rs 115000 |
Also read – Latest property rates in Navi Mumbai
FAQs
| What is the ready reckoner rate in Panvel?
The ready reckoner rate in Panvel is Rs 58,800 for residential. |
| What is the ready reckoner rate in Maharashtra?
In Thane, rates increased by 9.48 %, in Navi Mumbai by 8.90 %, in Panvel by 9.24 %, in Pune by 6.12 %, and in Pimpri Chinchwad by 12.36%. |
| Why is a ready reckoner important?
The government-set minimum price on which real estate transactions are based is known as the ready reckoner rate. |
| What is the ready reckoner rate of Vashi?
The Ready Reckoner Rates of Vashi are Rs 1,03,000 for the residential sector. |
