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Home/Indore/Tehsil Bhicholi Hapsi/Patwari Halka 00005/Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2)
OFFICIAL VALUATION BENCHMARK · FY 2026–27

The official Collector Guideline circle rate for Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2) in Tehsil Bhicholi Hapsi, Indore, Madhya Pradesh is ₹10,500/sqm (approx. ₹975/sqft) for residential plots as notified by MPIGR. Applicable stamp duty and registration fees vary by municipal classification and purchaser category — confirm with the local Sub-Registrar before registration.

MAHANKA DECISION SYNTHESISIndore, MP

Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2) Intelligence Summary

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RERA Projects
0
0 ongoing · 0 completed
Guideline Benchmark
₹10,500
≈ ₹975/sqft
Development Zone
MATURE
0 active promoters
Valuation Tier
Mid market
District benchmark
Strategic Decision SynthesisAUDITED 2026
Collector Benchmark: ₹10,500/sqm

Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2) is an established residential/commercial zone with statutory guideline rates governed by the FY 2026–27 Indore Gazette.

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Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2)

OFFICIAL GAZETTE RECORD📍 CURATED CENTROID
📍 Indore District🏛 Tehsil: Bhicholi Hapsi🏙 Ward 00005 · Patwari Halka 00005📄 1 record attached
Residential PlotMid market
₹ 10,500/ sqm
≈ ₹ 975 / sq ft
Standard Baseline Rate
Commercial RateCommercial
₹ 16,200/ sqm
≈ ₹ 1,505 / sq ft
Plots, Retail Shops & Offices
District PositionIndore
Standard
Mid market pricing tier in Indore
Compared across Indore localities
Coverage & QAAUTO_COMPUTED
—
Auto-computed from rate and category coverage
Geo 75% · Page 279 · Serial 2797
Audit Explanation· Statutory Rate Context

Why this rate applies to Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2)

This valuation is governed by the official Collector Guideline Schedule (FY 2026–27) for Indore District, under Patwari Halka 00005 (Tehsil Bhicholi Hapsi). The statutory record is registered on Page 279 at Serial No. 2797.

Source Document: 2026-2027_C_Indore_EN.pdf·Status: Verified Gazette

City Master Plan & Statutory Zoning

Official TNCP / IDA

Statutory Development Plan, Land Use & Right-of-Way (RoW)

Plan ScheduleIndore Development Plan 2021 (Notified & Extended to 2035)
Designated Land Use Zone

Pipliyahana & Scheme 140 Residential & Semi-Public Zone

R2 • RESIDENTIAL
Base FAR1.5x
Max Sanctionable FAR2x
Statutorily Permitted Activities:
Residential ApartmentsPlotted TownshipsSports Complexes (Regional Park vicinity)Institutional Offices
Master Plan Road Alignment940m away
Indore Eastern Bypass Expressway (Rau Junction to Manglia / Dewas)
RoW: 75 Metersexpressway
Authority: Directorate of Town & Country Planning (TNCP MP)
Statutory planning data compiled from official Master Plan Gazette notifications & BDA/IDA Schemes. Site-specific building permissions subject to municipal clearance under MP Bhumi Vikas Niyam.
Tehsil Directory

Other Localities in Bhicholi Hapsi Tehsil

View all localities in this tehsil →
Aaditya Cosmopalitan, Nemawar Road Par Sthit * (1.2)Abrish Valley * (1.2)Airen WoodlandsAmpayar Victoriya Park, Bichholi MardanaAmpire StateAmrald Anant (devguradiya) * (1.2)Amrat Estate BhicholihapsiAnand Dham – II * (1.2)Anand Dham * (1.2)
Statutory Matrix

Government Guideline Rate Schedule (FY 2026–27)

18 Statutory Categories
Valuation CategoryClassification TypeOfficial Rate (₹ / sq m)Equivalent Rate (₹ / sq ft)
Residential PlotOpen Land / Plot₹ 10,500 / sqm₹ 975 / sq ft
Commercial PlotCommercial Open Land₹ 16,200 / sqm₹ 1,505 / sq ft
Industrial PlotIndustrial Zone Land₹ 10,500 / sqm₹ 975 / sq ft
RCC ConstructionPucca Concrete Structure₹ 23,500 / sqm₹ 2,183 / sq ft
Commercial ShopRetail Store Space₹ 31,600 / sqm₹ 2,936 / sq ft
Multi-Storey ResidentialApartment / Flat₹ 14,000 / sqm₹ 1,301 / sq ft
Agricultural Land (Irrigated)Cultivable Farmland₹ 10,50,00,000 / hectare₹ 975 / sq ft
Interactive Valuation Engine

Guideline Value Calculator

≈ 92.90 sq m
Indicative EstimateFY 2026–27
₹ 9,75,482

Estimated government guideline valuation for Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2)

Calculation Audit Breakdown
Land Area Conversion92.90 sqm
1000 sqft × 0.092903 = 92.90 sqm
Land Component Guideline Value₹ 9,75,482
92.90 sqm × ₹10,500/sqm
Total Indicative Guideline Value₹ 9,75,482
Land Value (₹ 9,75,482) + Structure Value (₹ 0)
Disclaimer: Indicative estimate based on the official Madhya Pradesh Collector Guideline Rate Schedule (FY 2026–27). This calculation does not constitute an official government valuation certificate or a market transaction quote.
Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2)

Live borrowing capacity, exact stamp dues, and institutional protection underwriting.

Loan-to-Value (LTV):
Tenure:
Benchmark Rate:8.5% p.a.
Max Loan Sanction (80% LTV)
₹ 7,80,386
Collateral Base: ₹ 9,75,482
Indicative EMI (20 Yrs @ 8.5%)
₹ 6,772 / mo
Principal + Interest Component
Total Upfront Cash Required
₹ 3,12,521
20% Margin (₹ 1,95,096) + Govt Dues (₹ 1,02,425) + Legal Vetting (₹ 15,000)
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RERA Development Intelligence

Built only from EXACT and STRONG matches to this locality. Unmatched registry rows are excluded.

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Integration Pipeline

Statutory & Planning Signal Layers

Upcoming Connectors
🏗 MP RERA ProjectsQ3 2026

Registered promoter developments, completion timelines, and nearby density.

📐 Master Plan 2035Q3 2026

Town & Country Planning (T&CP) land-use zoning and proposed infrastructure corridors.

📜 MP Bhulekh KhasraQ4 2026

Village survey numbers and agricultural diversion status verification.

⚖️ Public NoticesQ4 2026

Statutory land acquisition, municipal claims, and gazette notifications feed.

Indicative Government Guideline Estimate

Mahanka is an independent intelligence platform and is not affiliated with, endorsed by, or an official representative of any government department. Values computed by our calculators are indicative estimates for informational and analytical purposes only. For official registration, stamp duty determination, or legal title verification, consult the relevant Sub-Registrar Office (SRO) or certified revenue authority.

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MAHANKA·Official Gazette FY 2026-27
● VERIFIED
Collector Guideline Value · Indore, MP

Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2)

🏛 Patwari Halka 00005Tehsil Bhicholi Hapsi
Residential₹10,500 /sqm≈ ₹975/sqft
Commercial₹16,200 /sqm
Stamp Duty9.5%8.5% Female
mahanka.com/indore/shree-ram-vatika-gram-mirjapur-ki-anya-coloniyan-1-2MPIGR Gazette · Dept of Registration & Stamps
AEO / STATUTORY DIRECT ANSWERS

Frequently Asked Questions: Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2) Property Valuation & Tax

The official collector guideline circle rate for residential plots in Shree Ram Vatika /Gram Mirjapur Ki Anya Coloniyan * (1.2) (Tehsil Bhicholi Hapsi, Indore) is ₹10,500 per square meter (approx. ₹975 per square foot) as notified in the MPIGR Gazette schedule for FY 2026–27.

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Data sourced from MPIGR, TNCP MP Master Plans, and MP RERA · FY 2026–27
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