Ready Reckoner Rate in Maharashtra 2026
Maharashtra's official government property valuation — the rate stamp duty is actually charged on (also called Annual Statement of Rates (ASR), RR Rate, Circle Rate) — how to look it up for Mumbai and Pune, and what changed in the latest revision.
What is the ready reckoner rate?
The ready reckoner rate is the minimum value at which a property can be registered in Maharashtra, notified locality-by- locality by the Inspector General of Registration & Controller of Stamps (IGR), Department of Registration & Stamps, Government of Maharashtra. When you register a sale deed, the sub-registrar compares your declared price against this rate and charges stamp duty on the higher of the two. Stamp duty is charged on the higher of the ready reckoner value or the declared agreement value.
Maharashtra specifics: Revised annually every April 1 as an Annual Statement of Rates; rates differ by urban/influence/rural zones and by use type. The same value also drives income-tax valuation (Sections 43CA/50C) and premiums on builder approvals.
Check the official rate for your locality
Maharashtra publishes rates on IGR Maharashtra e-ASR. Select your district, area/village and property type to see the notified value per sq metre or sq ft.
Open IGR Maharashtra e-ASRLook up via Online Services > e-ASR: select district, taluka and village to see rates per locality. Reported average hike for FY 2025-26 varies between 3.89% (official notification) and 4.39% (some media); 3.89% is the figure attributed to the state notification.
Latest revision
Frozen for FY 2026-27 (status quo from 1 April 2026); last hike was 1 April 2025. FY 2025-26 rates were hiked ~3.89% statewide average per the official notification (Mumbai ~3.39%; Solapur highest at ~10.17%; some outlets reported the average as 4.39%) — the first hike in two years. For FY 2026-27 the government kept rates unchanged, making only technical corrections to the ASR.
How stamp duty uses this rate in Maharashtra
Suppose you agree to buy a flat in Mumbai for ₹65,00,000, but the notified government value of that flat works out to ₹70,00,000. Stamp duty is charged on ₹70,00,000 — the higher figure — at 6%, i.e. about ₹4,20,000, plus registration charges. Declaring a lower price in the deed does not reduce the duty.
The same government value also drives income tax: under Section 50C the seller's capital gains are computed as if they received at least this value, the buyer pays tax on the shortfall under Section 56(2)(x) if the price is more than 10% below it, and the buyer's 1% TDS is deducted on the higher value too. This is why lenders, buyers and sellers all check the ready reckoner rate before fixing a deal price.
Frequently asked questions
What is the ready reckoner rate in Maharashtra?+
It is the minimum property value fixed by the Inspector General of Registration & Controller of Stamps (IGR), Department of Registration & Stamps, Government of Maharashtra for each locality, and it is the floor on which stamp duty and registration charges are computed in Maharashtra. The same rate is also called Annual Statement of Rates (ASR), RR Rate, Circle Rate.
How do I check the ready reckoner rate for my area?+
Use the official IGR Maharashtra e-ASR portal (https://igrmaharashtra.gov.in). Select your district, sub-registrar office or village/locality, and property type to see the notified rate. Look up via Online Services > e-ASR: select district, taluka and village to see rates per locality. Reported average hike for FY 2025-26 varies between 3.89% (official notification) and 4.39% (some media); 3.89% is the figure attributed to the state notification.
When was the ready reckoner rate last revised in Maharashtra?+
Frozen for FY 2026-27 (status quo from 1 April 2026); last hike was 1 April 2025. FY 2025-26 rates were hiked ~3.89% statewide average per the official notification (Mumbai ~3.39%; Solapur highest at ~10.17%; some outlets reported the average as 4.39%) — the first hike in two years. For FY 2026-27 the government kept rates unchanged, making only technical corrections to the ASR.
What happens if I buy a property below the circle rate?+
Stamp duty is still charged on the government value — you cannot save duty by declaring a lower price. There is also an income-tax hit on both sides: if the declared price is more than 10% below the government value, Section 50C taxes the seller as if they sold at that value, and Section 56(2)(x) taxes the buyer on the difference as "income from other sources".
Is the circle rate the same as the market rate?+
No. The market rate is what buyers actually pay; the government rate is an administrative floor for duty collection. In prime areas the market price usually runs well above the government rate; occasionally (after a sharp correction) the government rate can be higher than market, which inflates the duty payable.
Sources
- IGR Maharashtra — About ASR
- Business Standard — 3.9% RR hike Apr 2025
- Prokerala/IANS — RR rates status quo for 2026-27
Verified 2026-07. Rates are revised by government notification — always confirm the current notified value with the official portal or sub-registrar before a transaction.