Maharashtra Holds RR Rates Steady for FY27

When prices rise everywhere… stability becomes policy.
Maharashtra has chosen stability over escalation.
In a move that directly impacts property buyers and the real estate ecosystem, the state government has decided to keep ready reckoner (RR) rates unchanged for the financial year 2026–27, effective April 1, 2026. The decision comes at a time when affordability and transaction sentiment remain key concerns for both homebuyers and developers.

The Office of the Inspector General of Registration and Controller of Stamps confirmed that RR rates will continue at FY26 levels, ensuring no additional valuation-linked burden on property transactions.

Revenue minister Chandrashekhar Bawankule stated that the intent behind this decision is to avoid any added financial pressure on citizens during property dealings, reinforcing the government’s stance on maintaining transactional ease in the sector.

From an industry standpoint, this move is being viewed as a stabilizing factor. Sukhraj Nahar, president, CREDAI-MCHI, said,
“By refraining from any upward revision in RR rates, the government has provided critical stability to the real estate sector, while preserving project viability by preventing an escalation in statutory premiums and associated costs that are intrinsically linked to Ready Reckoner valuations.”

The numbers further underline the scale of the ecosystem. Stamp duty and registration collections stood at ₹60,568.94 crore for FY26 (till March 30), with the ‘I-Sarita’ digital system contributing ₹49,534 crore. For FY27, the state has set a higher revenue target of ₹68,600 crore from these streams.

Insight
Stability in RR rates is not just a policy decision — it’s a sentiment signal.
At a time when property prices, interest rates, and buyer expectations are constantly shifting, holding RR rates steady creates a predictable ground for transactions. It protects buyers from inflated circle rates while allowing developers to maintain pricing balance without additional statutory pressure.
However, the real question remains —
Is stability enough to drive demand, or will affordability still remain the bigger concern?
Because in real estate, numbers may stay constant…
but buyer psychology never does.

By Sana Khan
Executive Editor, Realty Quarter