Located along the Western Express Highway, you can find both residential and commercial areas in Andheri. Localities, such as Vile Parle, Chandivali, Powai, Andheri East, Jogeshwari, Malad, Goregaon, etc., are close to Andheri. With employment hubs like Chakala and Marol, Mindspace, Andheri has demand in the real estate market. If you are looking to invest in Andheri, you should know about the ready reckoner rates in the area.
See also: What is the ready reckoner rate in Colaba, Mumbai?
What is ready reckoner rate?
Also known as the circle rate, this is the minimum property transaction value set by state governments. Based on the ready reckoner rate, the stamp duty and registration charges of a property are calculated. You can check the rates on the IGR portal of each state.
How to check the Andheri ready reckoner rates offline?
- Visit the local sub-registrar’s office that looks after localities under Andheri
- Ask for the copy of Annual Statement of Rate (ASR) by providing property details
How to check Andheri ready reckoner rates online?
To check circle rates online on IGR Maharashtra, log on to the IGR Maharashtra website at https://igrmaharashtra.gov.in/Home
- Click on e-ASR below the stamps section. Click on the e-ASR 1.9 version and you will reach here:
- You will see the map of Maharashtra. Click on map, select Mumbai Upnagar.
- Select village as Andheri and you will find the required Annual Statement of Rates.
Andheri Circle Rates per sqm
| Locality | Residential | Office | Shops | Industrial | Open land |
| Andheri | Rs 1,66,280-Rs 20,84,070 | Rs 1,91,230- Rs 2,39,740 | Rs 2,60,200- Rs 2,86,300 | Rs 1,66,280-Rs 2,08,470 | Rs 76,250 – Rs 1,29,670 |
Check the IGR portal for the complete list.
Factors influencing the ready reckoner rate:
- Amenities
- Location
- Infrastruture
- Property configuration
- Connectivity
- Market demand
- Property usage — residential, commercial, industrial
Andheri: Location and connectivity
Andheri West is near to the Arabian Sea. It is an attractive location as it has a mix of residential and commercial options with availability of good medical and educational facilities. The Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute, the SP Jain Institute of Management and Research, the Bhavan’s College, etc., are located in this area. Vile Parle, Lokhandwala, Oshiwara, Juhu, among other areas, are neighbouring locations where residential properties remain in high demand. Many television and Bollywood celebrities select these areas to stay in Mumbai. The nearest railway station is the Andheri Railway Station. The Mumbai Metro Line 1, 2A and 7 all connect Andheri with other places in Mumbai.
Why to invest in residential properties in Andheri?
Andheri is one of the oldest and posh areas in Mumbai. Most of the projects in this area were constructed around 1940s. Therefore, majority of these areas are either available for resale or redevelopment. This place is well connected with rest of the city and outer areas. The Chhatrapati Shivaji Maharaj International Airport (T2) is in Andheri. The Mumbai Metro Line-3 or the Aqua Line, Phase-1, soon to be inaugurated, will further improve connectivity of this place. After its start, it will further boost the property prices in the area, believe property experts.
Residential prices in Andheri
According to Housing.com, the average price for buying an apartment in Andheri is Rs 27,563 with the price range around Rs 67,441 per sqft. If you are looking for renting a property here, the average rent is Rs 82,591 with the price range between Rs 8,000 – Rs 3,00,000.
FAQs
What is ready reckoner rate?
The ready reckoner rate is the minimum property transaction value set by state governments.
How would you find the circle rate in Andheri?
You can check the circle rate under e-ASR section on IGR Maharashtra portal.
What are the current stamp duty and registration charges in Maharashtra?
Stamp duty in Maharashtra for women is 5% and for men is 6%. For joint holders, stamp duty is 6% in the state. The registration fee is 1% of the transaction value.
Who fixes the ready reckoner rate in Andheri?
The Maharashtra government fixes the circle rates in Andheri.
Can circle rates be lower than market rates for a property in Andheri?
Yes. There is a possibility that the circle rate can be lower than the market rate of a property.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: [email protected]
