Maharashtra Set to Overhaul Stamp Act Rules for Online RR Rate Feedback
Pune: The Maharashtra government plans to amend rules under the Maharashtra Stamp Act 1958 to facilitate the pre-publication of proposed ready reckoner (RR) rates online for public feedback. This move aims to increase transparency and public involvement i
Ready ReckonerProperty RatesMaharashtra Stamp ActPublic FeedbackReal EstateReal Estate PuneFeb 26, 2025
This significant step is part of a broader effort to enhance transparency and public participation in the rate-setting process, according to senior revenue officials.
In a notable departure from past practices, the state revenue minister has directed the registration department to publish proposed RR rates for the upcoming financial year online for public consultation.
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Frequently Asked Questions
Why is the Maharashtra government amending the Maharashtra Stamp Act?
The government is amending the act to facilitate the pre-publication of proposed ready reckoner (RR) rates online for public feedback, enhancing transparency and public participation in the rate-setting process.
When will the proposed RR rates be published online?
The proposed rates are expected to be published on the department website in the first week of March for public opinion.
What is the expected percentage increase in RR rates?
The government is set to hike Ready Reckoner (RR) rates by around 10% across the state, based on preliminary district proposals.
How will the public be involved in the process?
The draft rates will be available for public scrutiny for eight days, during which the registration department will accept suggestions and conduct hearings before finalizing the rates.
What are the revenue implications of the increased RR rates?
The cash-strapped state government is eyeing an additional Rs 15,000 crore through increased RR rates, which are expected to help meet revenue needs for various schemes.
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