State revises property valuation rates
The Maharashtra government has increased Ready Reckoner Rates (RRR) for 2025-26. The new rates will be effective from April 1, 2025. These rates determine property values for stamp duty and registration charges.
Key cities affected
The statewide average hike is 3.89%, but some cities will see higher increases:
- Thane: 7.72%
- Solapur: 10.17%
- Ulhasnagar: 9%
- Navi Mumbai: 6.75%
- Nashik: 7.31%
- Pune: 4.16%
- Panvel: 4.97%
- Mumbai: 3.4%
Municipal areas outside Mumbai saw an average hike of 5.95%, while rural areas recorded a 3.7% increase.
Impact on property buyers
The hike may lead to higher property prices, as RRR influences stamp duty and registration costs.
Industry experts react
Real estate developers and investors believe the increase could impact affordability.
Prashant Sharma, NAREDCO Maharashtra
“This hike will raise property costs. It may affect homebuyers and developers already facing high input costs.”
Shraddha Kedia-Agarwal, Transcon Developers
“Prime urban markets like Mumbai will see higher costs. The government should introduce such changes gradually to maintain buyer confidence.”
Samyak Jain, Siddha Group
“The hike may impact first-time homebuyers and affordable housing demand. A phased approach would have been better.”
The revised rates will shape Maharashtra’s real estate market in the coming months. Buyers and investors must factor in the increased costs while planning transactions.
