Maharashtra Keeps Ready Reckoner Rates Unchanged for FY27, Provides Relief to Homebuyers

Mumbai, April 1: The Maharashtra government has decided to keep ready reckoner (RR) rates unchanged for the financial year 2026-27. The Office of the Inspector General of Registration and Controller of Stamps confirmed that the rates effective from April 1, 2026, will remain at the same levels as FY26.

Government's Rationale

Chandrashekhar Bawankule, Revenue Minister, stated that the move aims to avoid additional financial burden on citizens during property transactions. By keeping RR rates unchanged, the government has ensured that homebuyers and property investors will not face higher stamp duty and registration costs in the upcoming fiscal year.

Industry Welcome

Sukhraj Nahar, President of CREDAI-MCHI, welcomed the decision: "By refraining from any upward revision in RR rates, the government has provided critical stability to the real estate sector, while preserving project viability by preventing an escalation in statutory premiums and associated costs that are intrinsically linked to Ready Reckoner valuations."

FY26 Collections Performance

Stamp duty and registration collections for the financial year 2026 (until March 30) stood at ₹60,568.94 crore. The I-Sarita digital system played a significant role, contributing ₹49,534 crore to the total collections, highlighting the increasing adoption of digital platforms for property registration.

FY27 Revenue Target

For the upcoming financial year 2026-27, the government has set a revenue target of ₹68,600 crore from stamp duty and registration.