Maharashtra's Ready Reckoner (RR) rates for 2025-26 will increase by 5% from April 1. Initially, the state considered inviting public suggestions and objections on a proposed hike of 5-7%, but the plan was dropped to avoid delays in implementation.
Ready Reckoner rates determine the government's valuation of properties, serving as the base price for stamp duty calculations during property registration. The state has not revised Ready Reckoner rates for over 3 years.
The government is eyeing higher revenue from stamp duty and registration fees, which are expected to exceed Rs 60,000 crore in the current financial year. The 5% hike is expected to push up property prices, adding to the financial burden on buyers.
