The Maharashtra government on Thursday hiked ready reckoner rates by average 5% across the state for the financial year 2022-23.
The new rates were announced here by Shravan Hardikar, Inspector-General of Revenue and Controller of Stamps.
The publication of ready reckoner rates (also known as Annual Statement Rate) which are standard prices of residential property, land or commercial property for a given area, usually takes place on March 31 every year.
“For 2021-22, the rates were kept stable. Now the Covid-19 situation is improving and there is increase in revenue for the state government from property transactions. While revising the ready reckoner rates for 2022-23, the property registration data of the last two years were also taken into consideration,” said Hardikar.
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