Ready Reckoner Rate 2025

Ready reckoner rates are the fair value price of a property set by the state government. In such a scenario, the builders can charge premiums over such rates freely. An individual will also be required to provide a higher value to possess a house over the ready reckoner rates. 

Hence, if a state government revises these rates, it implies that a house buyer will have to spend more money than earlier. The ready reckoner rates are one of the biggest sources of revenue for the state government. 

On 31st March, 2024, the Maharashtra government announced a 4.39% average increase in RR rates for the Financial Year 2025–26 (FY2026). Effective from 1st April, 2025, this revision aimed to align property valuations with current market conditions and infrastructure developments. 

The people in Maharashtra are to register their properties through the ready reckoner rates, irrespective of whether the market worth of the property is lesser or more. Based on the ready reckoner rates of the property, the registration fees and the stamp duty are calculated. 

If the chosen property’s market value is lower than its ready reckoner rate in Maharashtra, the additional registration fees and the stamp duty must be paid by the buyer to finish the deal. 

The agents get an option to register a complaint with the RERA Maharashtra for transactions lesser than the ready reckoner pricing of a specific property. These rates also help in controlling the speculative prices in Maharashtra. 

The Maharashtra government has announced an average of 4.39% increase in the annual Ready Reckoner (RR) rates for the financial year 2025-26, marking the first hike in two years. Effective from April 1, 2025, the revision will affect property prices in both urban and rural areas. Municipal areas will see the largest increase of 5.95%, while rural areas will experience a 3.36% rise. 

Here are the revised ready reckoner rates in Maharashtra as per different areas: 

Up to 20% of the premium is charged on Maharashtra’s ready reckoner rates. This amount is charged only on the high-rise buildings in Pune, Navi Mumbai, Mumbai, and Nashik. Following are the charges:

Here are a few ready reckoner rates in some of Mumbai’s key localities:

Here are the ready reckoner rates in some of the key localities in Navi Mumbai:

Here are the ready reckoner rates in few of the key localities in Pune:

Here are the ready reckoner rates in few of the key localities in Thane:

Here are the ready reckoner rates in few of the key localities in Nashik:

Here are the ready reckoner rates in few of the key localities in Nagpur:

Here are the ready reckoner rates in few of the key localities in Aurangabad:

Here are the ready reckoner rates in few of the key localities in Ratnagiri:

Here are the ready reckoner rates in few of the key localities in Jalgaon:

Previously, the ready reckoner rates in Maharashtra were revised in 2022. Here’s an overview of how the rates had changed across different regions of the state: 

• Revision Date: The ready reckoner for Maharashtra was last updated on 31st March 2022. 

• Statewide (excluding Mumbai): Across the state—when Mumbai is excluded—the ready reckoner values rose by an average of about 5%.

• Municipal Corporation Areas: Urban centres governed by municipal corporations (notably Pune, Panvel, Thane, and Navi Mumbai, excluding Mumbai city) experienced a larger increase, with an average uplift of approximately 8.80%. 

• Rural Regions: Countryside and rural districts recorded an average rise of around 6.96%, placing them between the statewide and municipal-corporation-wide changes. 

• Mumbai: In contrast, Mumbai saw a hike of 2.64%, i.e., lower than the state average. 

Here are a few advantages of the reckoner rates: 

1. Property Valuation

The ready reckoner rates in Maharashtra enable individuals to evaluate a property’s correct value. Such rates are fixed by the Maharashtrian government based on several factors, such as the size, area, location, etc. of the property.  The Maharashtrian government’s online portal has ready reckoner rates of all the cities listed. All you have to do is visit the Maharashtra government website for ready reckoner rates. 

2. Generation of Revenue

Maharashtra’s ready reckoner rates aid the state government to generate revenues in the form of registration charges, stamp duty, and other expenses. The state government also computes these rates in Maharashtra depending on several classifications of properties that include apartments, buildings, plots, and flats. 

3. Registration Prices

The lists of ready reckoner rates in Maharashtra are accompanied by fixed rates for the registration of a property. The purchasers are required to pay such charges to facilitate the registration of their properties in their names post their purchase. 

4. Mortgage Valuation

Understanding the ready reckoner rate helps property owners and buyers estimate the government-assessed value of a property. Financial institutions use this benchmark to determine the property’s mortgage value and assess the borrower’s loan eligibility, ensuring a fair and transparent lending process.

Follow this process to compute the ready reckoner rates: 

• Assess the built-up area of your respective property. You must consider all the factors, such as the construction’s age, amenities, plot area, no. of floors, etc., into consideration. The built-up area will be considered as the higher value if the real built-up area and 1.2 times the floor’s carpet area have been mentioned in the given documents. 

• Opt for the property you wish to calculate the circle rates for. As a purchaser of a house, the flat or the residential property must be opted for. 

• Opt for the area’s locality that must be selected. The list will comprise all the areas according to the ready reckoner rates’ computation.

• Calculate the minimum assessed value according to the current circle rate.

Example of Ready Reckoner Rate Calculation

Step 1: Identify the property details

Let’s assume you’re buying a residential flat in Yerwada with the following details:

• Carpet Area: 80 sq. metres

• Built-up Area (as per document): 95 sq. metres

• Ready Reckoner Rate for Yerwada, Pune: ₹75,000 per sq. metre

Step 2: Determine the built-up area for valuation

If both the actual built-up area and 1.2 × carpet area are given, you take whichever is higher.

Now, 1.2 × 80 = 96 sq. mt. 

So, between 95 sq. metres (documented built-up) and 96 sq. metres (1.2 × carpet), you will use 96 sq. metres as the valuation base. 

Step 3: Select the property type and locality

• Property Type: Residential flat

• Locality: Yerwada, Pune 

• Circle rate for this locality: ₹75,000 per sq. metre

Step 4: Calculate the Minimum Assessed or Ready Reckoner Value 

Minimum Ready Reckoner Value = 96 sq. metres × ₹75,000 = ₹72,00,000 

So, ₹72 Lakhs becomes the minimum government-assessed value of your flat in Yerwada. 

Follow these steps to check the ready reckoner rates online on the Maharashtra government website: 

• Step 1: Navigate to the official Department of Registration and Stamps Maharashtra website. 

• Step 2: Click on the section ‘Ease of Doing Business’ section. 

• Step 3: Scroll down the list to find ‘Check Ready Reckoner Rates’ and click on ‘Know More’. 

• Step 4: Click on the city’s name you wish to check the ready reckoner rates for in the Map of Maharashtra that appears on the screen. 

• Step 5: Select the village and the taluka from the drop-down list. 

For instance, if you choose ‘Mumbai Suburbs’ as a district and ‘Juhu’ as the zone/village, then Juhu’s ready reckoner rate will be displayed. Your preferred locality’s ready reckoner rate will be displayed on your screen. 

Follow these steps to check the ready reckoner rates in Maharashtra offline:

• Step 1: Visit the office of the sub-registrar of your respective city. 

• Step 2: Contact any of the persons who are authorised in order to receive an offline list of Maharashtra’s ready reckoner rates. 

• Step 3: Provide the details of your property, such as its area, location, city, owner’s name, etc., to receive the information related to the ready reckoner rates in Maharashtra. 

You will now have an offline list of the ready reckoner rates, and you can also find your respective property in it to get the necessary information. 

Here are a few essential factors affecting the ready reckoner rates in Maharashtra: 

1. Market Value

The ready reckoner rates in Maharashtra are computed on the basis of the market value of the property.

2. Property Usage

The commercial property’s value is more than that of a residential property, which can impact ready reckoner rates. Also, the plot’s rate is more than that of an apartment or a flat.

3. Amenities

The kind of facilities which are provided in a locality are also considered while fixing the ready reckoner rate. A locality with good railway links, roads, hospitals, parks, schools, and shopping malls will have a higher rate.

4. Location of the Property

The location of the property being considered plays a major role in determining the ready reckoner rates in Maharashtra. In the rural localities, the reckoner rates are lesser than that of the urban areas. 

There are no documents required to check the ready reckoner rates in Maharashtra. However, the following documents are required to submit for the registration of your property in the state of Maharashtra: 

• Property owner’s Aadhaar card and PAN card

• Passport-size photograph of both buyer and seller

• Copy of the Municipal tax bill 

• Copy of the property’s registration card 

• Copy of the document of agreement between the property’s original buyer and the builder 

• Copy of the No-objection certificate as per the Land Ceiling Act

• Completion certificate of the construction of the house or the society

• Verified copy of the original old sale deed