The Maharashtra government has decided not to increase the Ready Reckoner rates for the 2026-27 financial year, aiming to support the state’s real estate sector. Effective from April 1, 2026, the rates will stay the same as the previous year, ensuring stability in property transactions. This decision was made by Revenue Minister Chandrashekhar Bawankule under the guidance of Chief Minister Devendra Fadnavis.
The Ready Reckoner rate, also known as the circle rate, is a minimum property value set by the state government for specific areas to calculate stamp duty and registration fees. By maintaining these rates, the government intends to prevent additional financial burdens on common citizens during property transactions. The rates are updated annually based on location, amenities, and market trends to ensure fair taxation and prevent undervaluation of property deals.
Despite keeping the rates stable, the Department of Registration and Stamps in Maharashtra has witnessed a significant increase in revenue. For the 2025-26 fiscal year, the state collected a total of Rs 60,568.94 crore, with the ‘I-Sarita’ system contributing Rs 49,534 crore to this total collection. Minister Bawankule highlighted that the government has set a target of mobilizing Rs 68,600 crore through stamp duty and registration fees in the annual budget for 2026-27.
While the rates remain unchanged, the department has introduced technical updates to the Annual Statement of Rates to enhance accuracy. These updates include the implementation of approved Regional and Development Plans, registration of new survey numbers, and rectifications related to missing villages or village names. These measures are aimed at improving transparency and realism in the document registration process, as stated by Minister Bawankule.
Data from previous years reveals fluctuations in Ready Reckoner rates across Maharashtra. The rates saw variations over the years, with different percentage increases in various regions. For instance, in 2025-26, rural areas experienced a 3.36% increase, municipal councils saw a 4.97% rise, and municipal corporations witnessed a 5.95% hike. The Mumbai Municipal Corporation area recorded a 3.39% rise in the Ready Reckoner rates.
