Maharashtra Implements 4.39% Average Hike in Ready Reckoner Rates for FY 2025-26

Effective April 1, 2025, the rate revision is expected to generate ₹10,000 crore in revenue while raising property costs across the state.

The Maharashtra government has introduced a 4.39% average increase in ready reckoner (RR) rates, marking the first revision since FY 2022-23.
Urban areas governed by municipal corporations will see a higher average increase of 5.95%, with Solapur experiencing the steepest hike at 10.17%.
Mumbai's relatively low 3.39% increase reflects its alignment of RR rates with market rates and dominance of flat sales over land deals.
The rate hike is projected to contribute ₹10,000 crore toward the state's ₹63,500 crore revenue target from stamp duty and registration fees.
Developers and buyers are concerned about the impact on property prices, stamp duty costs, and construction expenses, especially in high-increase regions.