31 March,2026 11:39 PM IST | Mumbai | mid-day online correspondent
Revenue Minister Chandrashekhar Bawankule. (File pic)
In a major boost to the real estate sector across the state, the Maharashtra government has decided to keep ready reckoner (RR) rates unchanged for the financial year 2026-27, a move that will provide significant relief to homebuyers and property developers across the state. In an official statement, Maharashtra Revenue Minister Chandrashekhar Bawankule said that the property valuation benchmarks used for stamp duty and registration will remain at the same levels as 2025-26.
He further added that the revised rates will come into effect from April 1, 2026, through the office of the Inspector General of Registration and Controller of Stamps.
Officials said that the move aims to ease the financial burden on buyers and provide momentum to the construction sector, which has been facing headwinds due to global economic uncertainties. Industry bodies such as CREDAI had urged the government to avoid a rate hike.
By maintaining RR rates, the government has effectively kept the hike percentage at zero, ensuring there is no additional cost impact on property transactions.
In recent years, RR rates have seen periodic increases. In 2017-18, rates rose by an average of 5.86 per cent, while a modest 1.74 per cent hike was recorded in 2020-21 during the COVID-19 period. Furthermore, a 4.81 per cent increase was implemented in 2022-23 and continued for two years.
However, in 2025-26, rates increased by 3.36 per cent in rural areas, 4.97 per cent in municipal council areas, and 5.95 per cent in municipal corporation regions.
Meanwhile, ready reckoner rates in Mumbai rose by 3.39 per cent. The latest decision, however, marks a departure by freezing rates across the state.
Despite stable rates, the state has recorded robust revenue collections. As per official data, the Stamp Duty and Registration Department collected Rs 60,568.94 crore in 2025-26 (till March 30), surpassing the Rs 60,000 crore mark.
The bulk of the revenue came from the I-Sarita system, contributing Rs 49,534 crore, followed by Adjudication 2.0 (Rs 4,429.70 crore), E-Filing (Rs 1,238.26 crore), Online Leave and Licence (Rs 316.69 crore), and other sources.
Over the past three years, revenue and document registrations have shown steady growth, reflecting sustained activity in the property market.
As per the official statement, while keeping rates unchanged, the government has introduced technical refinements to improve consistency and transparency in valuation tables. These include updates based on regional development plans, the addition of new survey numbers, and corrections in village-level data.
Officials further said that these measures will streamline the property registration process and ensure more realistic valuation benchmarks.
