https://www.mypunepulse.compune-property-prices-likely-to-rise-as-ready-reckoner-rates-may-increase-up-to-10-from-april-1
Pune Property Prices Likely To Rise As Ready Reckoner Rates May Increase Up To 10% From April 1
Pune Property Prices Likely To Rise As Ready Reckoner Rates May Increase Up To 10% From April 1
Proposal by Registration and Stamp Duty Department suggests 8–10% hike in Pune city and 5–7% rise in rural areas for 2026–27 financial year
People planning to buy a house or land in Pune may soon have to pay more, as the Maharashtra government is considering an increase in Ready Reckoner (RR) rates from April 1, 2026. The state’s Registration and Stamp Duty Department has prepared a proposal for revising the rates for the financial year 2026–27.
According to officials, the proposed increase in Pune city could average between 8 and 10 percent, while rural areas may see a rise of around 5 to 7 percent. In some rapidly developing locations, the hike could exceed 10 percent.
Why RR Rates May Increase
Officials say the revision has been suggested after analysing property transactions during 2025–26. Rising land prices in Pune and nearby suburbs have been cited as one of the main reasons for the proposed increase.
Major infrastructure projects have also pushed up land values in the region. These include Ring Road development, metro expansion, railway connectivity projects and new highways.
Another factor is land acquisition for the proposed airport in Purandar taluka, which has significantly raised land prices in surrounding areas.
Administration To Send Report To State Government
Before finalising RR rates, the administration usually takes feedback from local MLAs. A meeting was called at the Pune Collectorate on March 2, but none of the MLAs attended.
Officials said that in the absence of public representatives, the administration will now submit its report directly to the state government, which will take the final decision.
Property Buyers Rushing To Register Deals
With the possibility of a price increase from April 1, many homebuyers are reportedly rushing to complete property transactions before the new rates come into effect.
To manage the expected rush, the government has extended working hours at all 519 property registration offices across Maharashtra by two hours daily from March 1.
Impact On Property Market
Ready Reckoner rates determine the minimum value at which a property can be registered and directly affect stamp duty and registration charges. If the rates increase, property purchases will become more expensive.
Industry groups such as CREDAI have expressed concerns that a sharp increase could slow property sales and affect the real estate sector, which is still recovering from the pandemic.
Previous Changes In RR Rates
RR rates in Maharashtra have seen several revisions over the past decade. There was no increase between 2018 and 2020, while a 9.2 percent hike was implemented in 2022–23.
In the current financial year 2025–26, the increase was 4.16 percent, but the proposed 8–10 percent hike for Pune is being viewed as a significant jump.
If the state government approves the proposal, homebuyers planning purchases around Gudi Padwa may have to pay higher stamp duty and registration charges.
posted by DOMNIC @ March 07, 2026
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