Maharashtra keeps ready reckoner rates unchanged for FY27

Published On Apr 1, 2026 at 02:24 PM IST

Maharashtra will keep ready reckoner rates unchanged for the financial year 2026-27. This decision aims to ease the financial burden on citizens during property transactions. Real estate sector stability is expected. Stamp duty and registration revenue targets are set for the upcoming fiscal year. The I-Sarita digital system is a significant contributor to collections.

NEW DELHI: The Maharashtra government has decided to maintain status quo on ready reckoner (RR) rates for the financial year 2026-27.

The Office of the Inspector General of Registration and Controller of Stamps said the rates effective April 1, 2026, will remain unchanged from FY26 levels.

Chandrashekhar Bawankule, revenue minister, said the move aims to avoid additional financial burden on citizens during property transactions.

Sukhraj Nahar, president, CREDAI-MCHI said, "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."

Prashant Sharma, president, NAREDCO Maharashtra said, "In a market already navigating global uncertainties and input cost pressures, this move will help sustain demand momentum and provide much-needed stability to the sector. It also reflects the government's responsiveness to industry concerns and its intent to support housing affordability and overall market sentiment."

Stamp duty and registration collections stood at 60,568.94 crore for FY26 (till March 30), with the 'I-Sarita' digital system contributing 249,534 crore.

For FY27, the government has set a revenue target of 268,600 crore from stamp duty and registration.

Source: realty.economictimes.indiatimes.com

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