The Maharashtra government is set to revise the Ready Reckoner rates, a move that could significantly impact the real estate market. The decision to update these rates, which haven't been revised in over a year, is expected to reflect the current market c
Real EstateMaharashtraReady Reckoner RatesProperty PricesGovernmentReal Estate MaharashtraMar 04, 2025
Ready Reckoner rates, also known as guidance values, are the minimum values assigned to properties by the government to ensure fair transactions. They are used to calculate stamp duty and registration fees.
The government is revising the Ready Reckoner rates to reflect current market conditions, ensure fair property transactions, and prevent under-valuation of properties.
The revision could lead to higher transaction costs for buyers, but it is expected to bring more transparency and fairness to the market, benefiting both buyers and sellers in the long run.
The government has invited public suggestions and feedback on the proposed changes. The final rates are expected to be announced after the public consultation process, which is likely to last a few weeks.
You can provide your feedback during the public consultation process by visiting the official website of the Maharashtra government and submitting your suggestions and concerns.
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