Maharashtra: No Change In Ready Reckoner Rate This Year

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Pune, 1 April 2021: The Maharashtra state government on Wednesday decided not to increase the Ready Reckoner Rate (RRR) rates this year as the crisis of the pandemic is still raging and it is still six months since the annual rates were raised in September last year. Accordingly, the current rates have been maintained for the financial year 1 April 2021 to 31 March 2022.

Last year, Ready Reckoner rates in the state were increased by an average of 1.74 percent in urban areas, while rates were 2.81 percent in rural areas. In the area of influence, i.e in newly developed areas near cities, ready reckoner rates were increased by 1.89 percent and in municipal or Nagar panchayat areas by 1.29 percent. In the municipal sector of the state, the rate was increased by an average of 1.02 per cent.

Pune district has the highest increase of 3.91 percent, followed by Nandurbar district at 3.01 percent and Ratnagiri at 2.68 percent.

Meanwhile, the government also decided not to increase the two percent rebate on stamp duty for the period from January 1, 2021, to March 31, 2021. Therefore, in the state, the stamp duty will be levied at 6 percent in urban areas and 5 percent in rural areas as before.