The New Year, for home buyers, is not bringing in happy news. According to realty sources, the ready reckoner rates that are published on January 1 every year, have been increasedby 0-25 per cent across the city and suburbs.

In other words, for every purchase, homebuyers will now have to pay a higher amount for stamp duty, as compared to last year. Apart from this, they will also have to shell out more from their pockets, as the builders will now pay a premium to the Brihanmumbai Municipal Corporation (BMC) for buying Floor Space Index (FSI).