A property can be bought or sold in Maharashtra only above the minimum value that has been set by the government and notified by the sub-registrar’s office. This value is arrived at after considering many factors. In this guide, we talk in detail about the ready reckoner rate in Maharashtra in FY 2025-26 that impacts property prices, stamp duty and registration charges, and also the property tax in the state.
What is the ready reckoner rate in Maharashtra?
The ready reckoner rate in Maharashtra is the minimum value below which a property in the state cannot be sold. The ready reckoner rate is also known as the circle rate, guidance value, guideline value, DLP rate, etc. in various parts of India. Properties in Maharashtra can be sold only on the basis of the ready reckoner rate even if the market value is high or low.
Maharashtra revises ready reckoner rate for FY 2025-26 effective April 1, 2025
The Maharashtra state government on March 31, 2024, announced a hike in the ready reckoner rate (RRR) in the state by 4.39% for FY 25-26. The new rates are effective April 1, 2025. While stakeholders were expecting a hike of 10% in RRR, the just over 4% is a relief. The state has hiked the RR rate in tier-2 cities more than tier-1 cities, citing development.
Ready Reckoner Rate hike in Maharashtra FY25-26
| Rural areas | 3.36% |
| Urban areas | 3.29% |
| Municipal corporation/ municipal council | 4.97% |
| Municipal corporation in metros except Mumbai | 5.95% |
| Average hike across Maharashtra except Mumbai | 4.39% |
| MCGM | 3.39% |
| Average hike across Maharashtra | 3.89% |
Maharashtra Ready Reckoner Rates in key cities in FY25-26Â
| Cities | Ready Reckoner Rate |
| Bhiwandi-Nizampur | 2.50% |
| Nanded- Waghala | 3.18% |
| Mumbai | 3.39% |
| Chhatrapati Sambhaji Nagar | 3.5% |
| Parbani | 3.71% |
| Latur | 4.01% |
| Jalna | 4.01% |
| Pune | 4.16% |
| Elchal Karanji | 4.46% |
| Vasai-Virar | 4.50% |
| Malegaon | 4.88% |
| Panvel | 4.97% |
| Kolhapur | 5% |
| Dhule | 5.07% |
| Ahilyanagar | 5.41% |
| Sangli- Miraj-Kupwaad | 5.70% |
| Jalgaon | 5.81% |
| Kalyan Dombivilli | 5.84% |
| Mira-Bhayandar | 6.26% |
| Navi Mumbai        | 6.75% |
| Pimpri Chinchwad | 6.69% |
| Nashik | 7.31% |
| Akola | 7.39% |
| Thane | 7.72% |
| Amravati | 8% |
| Ulhasnagar | 9% |
| Solapur | 10.17% |
| Nagpur + NMRDA | 4.23+ 6.60 |
| Chandrapur +MHADA | 2.20+ 7.30 |
Ready reckoner rate in Maharashtra 2025: Premium charged
In Maharashtra, a premium of 20% is charged on high-storey buildings in Mumbai, Navi Mumbai, Nashik and Pune. Mentioned are the charges.
| Floor | Premium charged on ready reckoner rate in Maharashtra |
| Upto 4th floor | No premium is charged |
| 5th to 10th floor | 5% premium is charged |
| 11th to 20th floor | 10% premium is charged |
| 21st to 30th floor | 15% premium is charged |
| 31st floor and above | 20% premium is charged |
Factors on which the ready reckoner rate in Maharashtra depends on
- Location: The location of property has an impact on the ready reckoner rate. For instance, in Maharashtra, Mumbai is divided into 19 zones that are further classified into 221 sub-zones.
- Infrastructure
- Connectivity
- Market demand
- Market value: Ready reckoner rate is based on the market value of the property. Any amenities that are present with the property further impact the ready reckoner rate.
- Property type: Ready reckoner rate also varies based on the type of the property. While commercial property has a high ready reckoner rate, residential property enjoys a lower ready reckoner rate. Again, ready reckoner rate value differs in a residential property too—it’s different for independent houses or villas and flats that are both located in the same area.
- Property usage: residential, commercial, industrial
- Amenities
When was the last ready reckoner rate in Maharashtra revised?
- The ready reckoner rate in Maharashtra was last revised on March 31, 2022.
- Ready reckoner rate saw an average increase of 5% across Maharashtra (excluding Mumbai).
- An average increase of 8.80% was seen in places with municipal corporations such as Pune, Panvel, Thane, and Navi Mumbai (excluding Mumbai).
- Rural parts of Maharashtra saw an increase of 6.96%.
- Ready reckoner rate average in Mumbai was status quo at 2.64%.
How to check Maharashtra ready reckoner rate for 2025-26 online?
You can check the ready reckoner rate in a location (e.g., Thane) by logging onto the IGR Maharashtra website at https://igrmaharashtra.gov.in/Home
- Click on e-ASR that is below the stamps section on the homepage.
- Click on the e-ASR 1.9 version, and you will reach the next page.
- On the Maharashtra map, select Thane.
- Next, select the village as Thane and you will see the required annual statement of rates.
How to check Maharashtra ready reckoner rate for 2025-26 offline?
You can go to the Maharashtra sub-registrar office (SRO) and find the ready reckoner rate of the area that you are looking to buy or sell the property. The Maharashtra government does not charge any fee for telling the ready reckoner rate in an area.
What are the documents required to check the ready reckoner rate in Maharashtra?
To check the ready reckoner rate 2025 in Maharashtra, no document is required. One should only know the district and locality name.
However, if you want to register your property using this data, mentioned are documents required for registration of your property.
- Aadhaar card of owner
- PAN card of owner
- Copy of original old sale deed
- NoC
- Passport size photo of owner and buyer
- Property card copy
- Property tax bill
- Agreement between buyer and seller
How is the stamp duty and registration charges calculated in Maharashtra in 2025?
The stamp duty in Maharashtra is calculated on the basis of ready reckoner rates and the property value mentioned in the buyer-seller agreement. For instance, stamp duty in Mumbai for a property located in the municipal limit of urban areas will be 5% of the market value, while a property located within the limits of any gram panchayat will attract 3% stamp duty in Mumbai of the market value.
In case a homebuyer buys a property whose market value is less than the ready reckoner rate, he will have to pay a higher stamp duty as this will only be calculated on the basis of the ready reckoner rate. In case any transaction is being carried out below the ready reckoner rate, then a complaint on the same can be filed with the SRO. On investigation, if non-compliance is found, the property owner will be penalized heavily and will also have to pay the difference in the registration amount.
Mentioned below are the benefits of the ready reckoner rate Maharashtra.
- Valuation of property: The ready reckoner rates in Maharashtra are fixed by the state government based on size, area, and location of the property. The IGR Maharashtra portal has listed the ready reckoner rates of all cities in Maharashtra and this can be checked online anytime, anywhere.
- Mortgage valuation: People check the ready reckoner rate and assess the value of the property. On the basis of this information, banks and NBFCs calculate the mortgage eligibility.
- Registration prices: The ready reckoner rate mentions fixed prices for registration of property in Maharashtra. Once the property has been purchased, the buyer should register it based on the costs so that it is available on the legal book of records.
- Generating revenue: Based on the ready reckoner rate, the stamp duty and registration charges have to be paid, which helps the Maharashtra government generate revenue.
What is the difference between ready reckoner rate and market value?
Ready reckoner value is the minimum value of a property set by the government below which it can’t be sold. On the other hand, market value is the value at which a property is sold in a locality.
Ready reckoner value is calculated on the basis of type, location of property, and property zone. On the other hand, market value is calculated on the basis of amenities and facilities of a property in addition to location and property zone.
A property can be registered only on the basis of the ready reckoner rate and not on the basis of market value.
Stamp duty and registration charges in a state are calculated on the basis of the ready reckoner rate.
Ready reckoner rate is revised periodically by the state government. On the other hand, market value is affected if there is any new infrastructure or there is any negative impact on the place.
Mobile app to access ready reckoner rate 2025-26 in Maharashtra
There is no official mobile app available to check the ready reckoner rate in Maharashtra. Instead of opting for unofficial apps from Google Playstore, it is recommended to log in to the IGR website and check online or visit the SRO to get details.
Can incorrect ready reckoner rate be challenged?
In case you are of the opinion that the ready reckoner rate of the place you are evaluating is wrong, you can contest with the SRO. It is suggested to proceed with the expertise of a lawyer in this matter.
Real estate impact of Maharashtra ready reckoner rate 2025-26
The RR rates were last revised in 2022, and hence it’s not a surprise to the real estate market that the state government has announced the revision. Tier-1 cities have largely seen little hike in the ready reckoner rate, and this, so, in these places, the real estate impact is expected to be short-term. However, in places such as Solapur, Thane, Navi Mumbai, etc., there will be some visible real estate impact, mention industry experts. In these places, the revised RR will have a significant effect on land prices and construction costs that the developers may not be able to entirely absorb and may pass on to the home buyers. Thus, the property prices will increase and buying a home will become expensive. Also, the increase in pricing may stir the balance between demand and supply. In addition to property prices, one should also budget more for stamp duty and registration charges as these will also go up.
Housing.com POV
Ready reckoner rate in Maharashtra in 2025 is an important piece of information that all buyers and sellers should be aware of before proceeding with property transactions. These help assess the value of the property, the stamp duty and registration charges that you may have to pay, the loan that you may get for buying this property, and the property tax that you will have to pay annually. With this one rate, you can plan your financial outgo.
The revision of the ready reckoner rates in Maharashtra was based on the prices at which properties were sold in the last year. Mumbai saw a 3.39% hike in the RRR and Solapur got the maximum hike at 10.17%. This was tactically done because Mumbai city is saturated when it comes to land and the properties here are mostly sold unit-based. Additionally, with clear transparent transactions, property prices are at par with the market prices. Places like Solapur, Ulhasnagar,that have recorded a high RR rate, are due to the infrastructure development going on in these places. On the whole, the state government has tried to maintain the equilibrium by keeping the average hike of Maharashtra repo rate at 4.39% for FY 25-26.
FAQs
What are ready reckoner rates?
The ready reckoner rates are the minimum property prices that are fixed by the Maharashtra state government.
How do you find a ready reckoner rate in Maharashtra online?
The ready reckoner rate in Maharashtra can be found by using the IGR Maharashtra portal.
What are the stamp duty and registration charges in Maharashtra?
Stamp duty in Maharashtra is 6% for men and 5% for women. The registration fee is 1% of the transaction value.
Who fixes ready reckoner rates in Maharashtra?
The Maharashtra state government fixes the ready reckoner rates.
Is it possible for ready reckoner rates be lower than the market rate property?
Yes. There is a possibility that the ready reckoner rates can be lower than the market rate property.
Can you file a complaint if the ready reckoner rate is not as per the legal standards?
Yes. In case, you think that the ready reckoner rate doesn’t comply with what should be, you can file a grievance with the IGR portal.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
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