Maharashtra keeps property ready reckoner rates unchanged for FY27
Property registration teams must continue using existing ASR values for stamp-duty calculations
Change
Maharashtra's Inspector General of Registration and Controller of Stamps retained the annual ready reckoner (ASR) rates for financial year 2026–27 across rural, urban and influence zones, the valuation basis used to calculate stamp duty on property transactions.
Why it matters
Ready reckoner rates—the valuation basis for stamp duty on property transactions—remain unchanged for FY 2026–27 across rural, urban and influence zones. District-level corrections to survey numbers, village boundaries and valuation zones have been incorporated and will determine the applicable valuations used in registration filings.
Implications
- — Sub-registrar offices and stamp-duty collection teams in Maharashtra must apply the unchanged FY 2026–27 ready reckoner values immediately when assessing property transactions — failing to use the official ASR basis will produce incorrect stamp-duty calculations at registration.
- — Legal and transaction-closing teams at property developers and conveyancers in Maharashtra must verify corrected survey numbers and updated valuation zones before filing sale deeds — filings that do not reflect the revised district-level inputs risk valuation mismatches with the state's ASR basis.
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Source
View on Economic Times