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Maharashtra Maintains Ready Reckoner Rates for FY27 to Support Real Estate Sector

Published: April 01, 2026 | Category: Real Estate
Maharashtra Maintains Ready Reckoner Rates for FY27 to Support Real Estate Sector

NEW DELHI: The Maharashtra government has decided to maintain the 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 announced that the rates effective April 1, 2026, will remain unchanged from FY26 levels.

Revenue Minister Chandrashekhar Bawankule stated that this decision aims to avoid additional financial burden on citizens during property transactions. This move is particularly significant in a market already navigating global uncertainties and input cost pressures.

Sukhraj Nahar, president of CREDAI-MCHI, commented on the government's decision: 'By refraining from any upward revision in RR rates, the government has provided critical stability to the real estate sector. This move preserves project viability by preventing an escalation in statutory premiums and associated costs that are intrinsically linked to Ready Reckoner valuations.'

Prashant Sharma, president of NAREDCO Maharashtra, added: 'In a market already facing challenges, 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 for FY26 (till March 30) stood at ₹60,568.94 crore, with the ‘I-Sarita’ digital system contributing ₹49,534 crore. For FY27, the government has set a revenue target of ₹68,600 crore from stamp duty and registration.

This decision is expected to have a positive impact on the real estate market, providing stability and support to both buyers and developers. The government's proactive approach in maintaining RR rates is a step towards ensuring the continued growth and development of the real estate sector in Maharashtra.

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Frequently Asked Questions

1. What are ready reckoner rates?
Ready Reckoner rates are the government-determined rates for property transactions, used to calculate stamp duty and registration charges. These rates serve as a benchmark to ensure fair market value in property transactions.
2. Why did the Maharashtr
government decide to keep the ready reckoner rates unchanged for FY27? A: The decision to keep the ready reckoner rates unchanged aims to avoid additional financial burden on citizens during property transactions and provide stability to the real estate sector, especially in a market facing global uncertainties and input cost pressures.
3. How will this decision affect the real estate sector?
This decision is expected to support housing affordability, sustain demand momentum, and provide much-needed stability to the sector. It reflects the government’s responsiveness to industry concerns and its intent to support the overall market sentiment.
4. What is the revenue target set by the Maharashtr
government for stamp duty and registration for FY27? A: The Maharashtra government has set a revenue target of ₹68,600 crore from stamp duty and registration for the financial year 2026-27.
5. How much did the ‘I-Sarita’ digital system contribute to stamp duty and registration collections for FY26?
The ‘I-Sarita’ digital system contributed ₹49,534 crore to the stamp duty and registration collections for FY26 (till March 30).