Worli, a central location in Mumbai, is among the most upscale areas in India’s financial capital where property costs are the highest in the country. While investing in this locality is an indicator of social advancement, the monetary transaction could be astronomical. Considering the basic minimum value of properties in Worli is determined using the Maharashtra government-prescribed ready-reckoner (RR) rates, this guide will help you find the latest rates in 2024.
See also: What is the ready reckoner rate in Colaba, Mumbai?
What is the ready-reckoner rate?
Ready-reckoner rate is the minimum value attached to properties by the state government. Also known as circle rate, collector rate, district collector rate or guidance value, RR rate is the benchmark used to arrive at the government-approved property value. Stamp duty and registration fees are charged based on the value arrived at by factoring in the ready-reckoner rate.
Ready Reckoner rate in Worli, Mumbai 2024
13/95-Road Dr. Annie Besant Road (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 2,10,680 | Rs 4,10,630 | Rs 5,54,500 | Rs 5,92,100 | Rs 4,13,210 |
13/96-Road: From Worli Sea Face Mou. Abdul Ghaffar Khan Marg (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 2,86,660 | Rs 5,93,700 | Rs 6,95,140 | Rs 7,57,760 | Rs 6,26,060 |
Sasmira Road, Purves on the west, division boundary on the south and Worli Gavthan boundary on the north (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 1,25,540 | Rs 2,99,890 | Rs 3,44,870 | Rs 3,74,860 | Rs 2,99,890 |
13/98 – Plot: Purves Dr. Annie Besant Road, Khan Abdul Ghafarkhan Road on West, New Prabhadevi Marg on North and Worli Village Koliwada and Thadani Marg on South (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 1,78,070 | Rs 3,71,360 | Rs 4,67,300 | Rs 5,84,300 | Rs 3,87,090 |
13/99-Bhubhag: Income from Worli Village (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 73,370 | Rs 1,68,710 | Rs 2,13,100 | Rs 2,66,900 | Rs 1,73,880 |
13/98A – Plot: Purves Dr. Annie Besant Road, Thadani Marg on the North, Khan Abdul Ghaffar Khan Marg on the West and Village Boundary on the South (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 1,93,820 | Rs 3,87,090 | Rs 4,67,300 | Rs 5,84,300 | Rs 3,87,090 |
13/97A – Land: Base Rate Division No. 13/97 (Land) belonging to Mumbai Port Trust (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 1,44,370 | Rs 3,44,870 | Rs 3,96,600 | Rs 4,31,090 | Rs 3,44,870 |
13/96A Road: Portion of the southern boundary of Worli Dairy south to Annie Besant Road (RR rate per sqm)
| Land | Residential | Office | Shop | Industrial |
| Rs 2,10,680 | Rs 4,10,630 | Rs 5,54,500 | Rs 5,92,100 | Rs 4,13,210 |
How to check the Worli ready-reckoner rate list online?
Step 1: Visit the IGR Maharashtra official website at https://igrmaharashtra.gov.in/Home
Step 2: Click on the ‘e-ASR’ option.
Step 3: Click on the ‘e-ASR 2.0’ option.
Step 4: Select Mumbai on the map of Maharashtra.
Step 5: Select all the required details. Select Mumbai as the city and Worli division as the village.
Step 6: You will be able to see the detailed list of ready-reckoner rates in Worli.
Why invest in Worli?
Located in the southern part of Mumbai, Worli is one of the prime residential areas of the Maximum City, offering luxury residential options overlooking the sea. With the downtown image and easy connection with Mumbai’s de-facto CBD (Bandra-Kurla Complex), Worli is the address for many celebrities.
Understandably, the starting prices of property here are quite high. The average property rate in Worli is Rs 40,030 per sq. ft., as per Housing.com. Rents in the area can go up to Rs 4 lakh a month.
FAQs
What is ASR?
ASR is short for the annual statement of rates.
Are ready-reckoner rates and circle rates the same?
Yes, ready-reckoner rates are the same as circle rates.
Are ready-reckoner rates and guidance value the same?
Yes, ready-reckoner rates are the same as the guidance value.
Are ready-reckoner rates and collector rates the same?
Yes, ready-reckoner rates are the same as collector rates.
| 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 jhumur.ghosh1@housing.com |