Pune: State registration authorities on Tuesday announced that ready reckoner (RR) rates will remain unchanged in the state in the new financial year despite proposals for an increase from all districts.Revenue Minister Chandrashekhar Bawankule told TOI, “Keeping in mind the current global situation and slowdown in the construction sector, and after considering the representations and suggestions of stakeholders, the government has decided to maintain the RR rates to boost the real estate sector. The market values ​​have been determined keeping in mind the realistic property valuation.”RR rates for 2025-26 increased by an average of 3.9% and the state could achieve 95% of its full revenue target. The last increase was in 2022-23 when it was increased by 5%.The minister said residential rates will be effective in areas where new development plans (DP) have been implemented, leading to changes in assessment areas in 10 districts and one corporation area. He said that in PMRDA areas, where DP has been abolished, the earlier rates will continue as the area plan remains in place.

Joint IGR Rajendra Muthe said the construction industry wants the rates to be kept stable considering the global situation and its impact on the industry. “RR rates will change only in areas where the DP has been approved or revised. The rates are revised when land in these assessment areas is converted from agricultural to residential,” he said.The assessment areas in the 10 municipal councils are Gadchiroli, Nagpur, Dharashiv, Parbhani, Hingoli, Nanded, Beed, Nashik, Jalgaon and Dhule districts and Chhatrapati Sambhajinagar, a municipal corporation area.According to the Office of the Inspector General of Registration and Controller of Stamps, their RR rates, which will be applicable from April 1, 2026, will remain the same as for 2025-26. Senior officials of the state government said that Bawankule has taken this decision following the instructions of Chief Minister Devendra Fadnavis.CREDAI Pune President Manish Jain said that he has urged the state government to maintain status quo. “For most families, buying a home is one of the biggest commitments, and by keeping RR rates unchanged, the government has helped maintain affordability and confidence for buyers, especially in the mid-income and affordable housing sectors,” he told TOI.CREDAI convenor Kapil Gandhi said that historically, when RR rates remained unchanged, government revenue collections often strengthened, as pricing stability improves buyer sentiment and transaction volumes are higher.