Ready reckoner rates 2026-27 frozen in Maharashtra: buyer guide
Maharashtra froze its ready reckoner rates for 2026-27 from 1 April 2026. Here is who actually benefits, and what stays the same for most flat buyers.
Last year Mumbai's ready reckoner rates went up 3.39%. This year they didn't move at all. On 31 March 2026, Revenue Minister Chandrashekhar Bawankule announced, on Chief Minister Devendra Fadnavis's direction, that Maharashtra's ready reckoner rates 2026-27 would stay at the 2025-26 level from 1 April 2026. Reports before the announcement had expected a 4 to 5% increase in several areas.
What the ready reckoner rates 2026-27 decision covers
Ready reckoner rates, published as the Annual Statement of Rates by the Office of the Inspector General of Registration and Controller of Stamps, set the government's minimum value for land and buildings in each zone. Stamp duty is charged on the agreement value or the ready reckoner value, whichever is higher.
The base rates are frozen, but the department did make technical changes: it brought approved regional and development plans into the statement, added new survey numbers and corrected missing or misnamed villages. If your property sits in a newly added survey number or a re-zoned area, its valuation zone may have changed even though no rate went up.
For context, the 2025-26 revision had raised rates by between 3.36% in rural areas and 5.95% in municipal corporation areas.
Who actually saves money
This is the part people get wrong. For most new flats in Mumbai, Thane or Pune, the price in the agreement is already well above the ready reckoner value, so stamp duty is worked out on the agreement value. A frozen ready reckoner rate saves those buyers nothing.
The freeze matters in three situations:
- Resale in older buildings, where negotiated prices can sit close to or below the ready reckoner value.
- Redevelopment and society deals, where valuations lean on the statement of rates.
- Sellers pricing below the rate. Income tax rules can treat the gap between the sale price and the stamp duty value as income for both sides when it exceeds the 10% tolerance. An unchanged rate keeps that threshold where it was.
Where rates stand on IndiProp
For a sense of how far market asking prices sit from the government floor, here are the indicative median asking rates across projects listed on IndiProp in September 2026.
| City | Indicative median asking rate |
|---|---|
| Mumbai | About ₹35,990 per sq ft |
| Thane | About ₹14,740 per sq ft |
| Navi Mumbai | About ₹14,530 per sq ft |
| Pune | About ₹11,520 per sq ft |
These are listed asking prices, not ready reckoner values or registered sale prices. Check the exact ready reckoner rate for your survey or CTS number on the IGR Maharashtra website.
What is still uncertain
- Mid-year changes. The usual revision date is 1 April, but the state isn't barred from revising rates during the year. Check the rate on the date you register, not the date you booked.
- Next year. A freeze this year says nothing firm about 2027-28. Skipping a year can mean a larger catch-up later.
- Stamp duty itself. This decision was about valuation, not the duty percentage, metro cess or registration fee.
Work out your likely bill with the Maharashtra stamp duty calculator, and ask the developer for a written cost sheet that separates base price, GST, stamp duty and registration. Then compare options on Thane projects or Pune projects.
Sources
- Free Press Journal: Maharashtra keeps ready reckoner rates unchanged for 2026-27 (31 March 2026)
- Social News XYZ (IANS): Maha govt maintains status quo in ready reckoner rates for 2026-27
- IGR Maharashtra (Department of Registration and Stamps)
Frequently asked questions
Have ready reckoner rates increased in Maharashtra for 2026-27?
No. The state kept ready reckoner rates for 2026-27 at the 2025-26 level from 1 April 2026. The decision was announced on 31 March 2026 by Revenue Minister Chandrashekhar Bawankule.
Is stamp duty calculated on the ready reckoner rate or the agreement value?
On whichever is higher. For most new flats the agreement value is higher, so the ready reckoner freeze does not reduce their stamp duty.
Where can I check the ready reckoner rate for my property?
The Annual Statement of Rates is published by the Department of Registration and Stamps on the IGR Maharashtra website. Search by district, taluka, village and survey or CTS number.
Did the stamp duty percentage change in April 2026?
The April 2026 announcement concerned ready reckoner valuations, not the stamp duty percentage. Confirm the current duty, cess and registration fee on the IGR Maharashtra website before registering.
Sources: Free Press Journal: Maharashtra keeps ready reckoner rates unchanged for 2026-27 (31 March 2026) · Social News XYZ (IANS): Maha govt maintains status quo in ready reckoner rates for 2026-27 · IGR Maharashtra (Department of Registration and Stamps)
