Maharashtra Government Freezes Ready Reckoner Rates for 2026-27; Major Relief for Homebuyers

Maharashtra State Government has announced that there will be no hike in Ready Reckoner (RR) rates for the new financial year starting April 1, 2026. The Annual Statement of Rates (ASR) for 2026-27 will remain the same as the previous year (2025-26), providing substantial relief to both developers and prospective homebuyers.

The decision was officially communicated by the Inspector General of Registration and Controller of Stamps (IGR), Maharashtra State. This marks a continued trend of stability; while rates saw an average increase of 4.39% across the state (excluding Mumbai) in 2025-26, the government has opted for a “Nil” percentage increase for the upcoming term.

Focus on Market Stability

The decision follows consistent representations from industry bodies like CREDAI. Developers highlighted the current global economic situation and a perceived slowdown in the construction sector, requesting the government to keep rates steady to maintain market momentum.

By freezing the ASR, the government aims to:

• Keep property acquisition costs predictable for buyers.
• Support the construction industry amidst fluctuating material costs.
• Encourage higher registration volumes to meet revenue targets.

Revenue Performance and Data

Despite the decision to keep rates stable, the Department of Registration and Stamps has shown robust performance. In the 2025-26 fiscal year (up to March 30), the department recorded a total revenue of ₹60,568.94 Crore, achieving approximately 95.38% of its ambitious ₹63,500 Crore target.

The month of March 2026 alone saw a massive surge in activity, contributing ₹6,641.61 Crore to the state exchequer.

Key Highlights of the 2026-27 ASR

The IGR office clarified that while the base rates remain unchanged, the 2026-27 charts have been updated to reflect new Regional Plans (RP) and Development Plans (DP) to ensure administrative accuracy and ground-level reality.