As there is movie named "shivaji" starring rajnikath is to be released, you might get some type in traffic. I am not yet sure of apprasing .in domains. Any one having them should hold for 2 more years to get good returns.
The name might actually get very good traffic as Rajnikanth is a super star in South Indian movies. But the extension kills it.
I don't think anybody would type in www.shivaji.in instead of shivaji.com. Sorry to say.. I don't think it's even Reg Fee.
Contact the director or somebody and tell them that U have the domain name and .in is actually for India. It might workout..as it's a big budget movie.