Pune: Last Chance to Register Property Deeds at Old Ready Reckoner Rates
Pune residents have just nine days left to register property deeds at the old Ready Reckoner rates before the deadline on July 31. Discover why this deadline is crucial and what happens next.
PuneReady ReckonerProperty RegistrationStamp DutyReal EstateReal Estate PuneJul 22, 2025
Thousands of homebuyers across Maharashtra had rushed to pay stamp duty in advance, anticipating a hike in the RR rates. The government’s standard market value of land is used to calculate stamp duty and registration charges. To accommodate these citizens, the department had offered a four-month window to complete the deed registration process from the date of advance duty payment. That deadline is now set to expire on Wednesday, July 31, officials confirmed.
From April 1, the state government implemented revised Ready Reckoner rates for the 2024–25 financial year. As per the updated rates:
- Pune Municipal Corporation (PMC) areas saw a 4.16% increase.
- Pimpri Chinchwad Municipal Corporation (PCMC) areas witnessed a sharper 6.69% hike.
These revised rates have significantly impacted property prices and the overall cost of real estate transactions.
Fearing a steep hike in RR rates, especially in urban areas like Pune and Pimpri Chinchwad, many citizens paid stamp duty in advance before March 31 to lock in the lower rate. This move was fueled by earlier trends:
- No rate revision took place in 2021 due to the COVID-19 pandemic.
- In 2022-23, RR rates were increased by an average of 9.2%.
- The rates were again kept unchanged during the election year.
Citizens who miss the July 31 deadline will have to register their property deeds at the new, higher Ready Reckoner rates — potentially costing them thousands more. Authorities have urged those who have paid stamp duty in advance but delayed registration to complete the process without further delay.
For assistance, citizens can visit their respective sub-registrar offices or check the official IGR Maharashtra website.
Frequently Asked Questions
What is the Ready Reckoner rate?
The Ready Reckoner rate is the government’s standard market value of land used to calculate stamp duty and registration charges for property transactions.
When is the deadline to register property deeds at the old Ready Reckoner rates?
The deadline to register property deeds at the old Ready Reckoner rates is July 31, 2025.
What happens if I miss the July 31 deadline?
If you miss the July 31 deadline, you will have to register your property deeds at the new, higher Ready Reckoner rates, which could cost you significantly more.
Why did many citizens pay stamp duty in advance?
Many citizens paid stamp duty in advance to lock in the lower Ready Reckoner rates before the anticipated hike, especially in urban areas like Pune and Pimpri Chinchwad.
Where can I get assistance for property registration?
For assistance, you can visit your respective sub-registrar offices or check the official IGR Maharashtra website.
Related News Articles
Elevating Civil Aviation: Mohol's Pioneering Role in Pune
Discover how Mohol is driving growth in Pune's civil aviation sector, with insights from Hemant Rasne, former Mayor and BJP leader.
Budget 2024: A Boost to Sustainable Growth in Real Estate
The Union Budget 2024 focuses on MSMEs, employment, skilling, youth, and middle-class, with indirect benefits to the real estate sector through job creation, infrastructure, and urban redevelopment.
Dubai Real Estate Market Sets AED 141.9 Billion Quarterly Sales Record in Q3 2024
Dubai’s real estate market achieved a significant milestone in Q3 2024, with total sales reaching AED 141.9 billion, marking a new all-time high for a single quarter. This achievement surpassed the previous record of AED 124.07 billion set in Q2 2024, ref
Elan Group Gets a Boost with Rs 1200 Crore from Kotak Real Estate Fund
The investment will serve as growth capital, helping Elan Group cement its position in the thriving real estate market of Gurugram. This strategic move is expected to accelerate the company's expansion and development projects in the region.
Delhi-NCR: The Metro City Witnessing a Massive Surge in Housing Prices
The report suggests that the price appreciation in Delhi-NCR is attributed to rising demand for high-end properties. Read more to know the details.
Radisson Resort Khopoli Launches as a Luxurious Getaway Near Mumbai and Pune
Radisson Hotel Group has expanded its footprint in Maharashtra with the opening of Radisson Resort Khopoli, offering a premium retreat for travelers near Mumbai and Pune.