In a surprising but welcome move, the Maharashtra government has already announced that . This means that despite inflation, the rates effective as of April 1, 2025, will remain valid until March 31, 2027, providing much-needed stability for developers and buyers. The government is also shifting towards GIS mapping technology for a more scientific assessment of property values, moving away from manual surveys.
Because actual market data from decades ago is often unrecorded or obscure, the serves as the primary legal evidence to declare that baseline FMV. If you are selling a family property in Mumbai purchased in the 1980s or 1990s, your entire Capital Gains tax liability hinges directly on what the 2001–02 Annual Statement of Rates dictated for your specific zone. Top Micro-Markets and Zones: Then vs. Now Ready Reckoner | Mumbai | Thane | Palghar | Raigad | Pune ready reckoner 200102 mumbai top
Consulting government-approved valuers who maintain archived books (e.g., publications by Santosh Kumar and Sunil Gupta ). In a surprising but welcome move, the Maharashtra
The Ready Reckoner (RR), officially known as the Annual Statement of Rates (ASR), is a government-published guideline that dictates the minimum valuation of properties in Maharashtra. Because actual market data from decades ago is
The Maharashtra government is expected to earn an additional from this revision, targeting a total of ₹63,500 crore from stamp duty and registration in 2025-26. For the homebuyer, however, it means shelling out more during registration even if the market price hasn’t moved.
: Serving as the anchor year ( ) to adjust property values against inflation over time.