Maharashtra Ready Reckoner Rates 2026-27 — Held Steady, No Hike This Year

In a notable break from recent years, the Maharashtra government has kept Ready Reckoner (RR) rates unchanged for FY 2026–27, holding them at the same levels set for FY 2025–26. Revenue Minister Chandrashekhar Bawankule confirmed the decision was intended to avoid adding a fresh financial burden on property buyers, even as the state's stamp duty revenue crossed ₹60,568 crore for FY 2025–26 — comfortably ahead of its own collection target. The ready reckoner rate is the government's minimum property valuation for each locality — it acts as the floor for stamp duty calculation regardless of the actual transaction price, so a freeze here directly means no automatic increase in your stamp duty bill this year.

What Changed (and What Didn't) by City

Mumbai (MMR): RR rates remain at FY 2025–26 levels, which themselves rose by a modest 3.39% average when they were last revised in April 2025 — one of the smaller increases across the state.

Pune, Thane & Nagpur (municipal corporation areas): Also held at FY 2025–26 levels. Statewide, municipal corporation areas had seen a larger 5.95% average increase in the FY 2025–26 revision, compared with 3.36% in rural areas and 4.97% in municipal councils — but none of that changes again this year.

Statewide: This marks the second time in three years rates have been frozen rather than revised upward — Maharashtra also held rates flat through 2022–23 and 2023–24 after a 4.81% hike, before resuming increases in FY 2025–26.

What This Means for Buyers

If you're buying in FY 2026–27, your stamp duty is calculated on the higher of your agreement value or the RR rate — and since the RR rate hasn't moved, there's no fresh government-driven increase to your stamp duty bill purely from this year's revision. That said, actual market transaction prices can still rise independently of the RR floor, so your real cost depends far more on what you agree to pay than on this year's (unchanged) government valuation.