Maharashtra Hikes Ready Reckoner (RR) Rates for 2025-26 After 3-Year Pause
Rohit moreshiya 
Ready Reckoner (RR) Rates Hike for 2025-26 in Maharashtra
In a significant move, the Maharashtra government has announced a Ready Reckoner (RR) Rates Hike for 2025-26, marking the first increase in three years. For the 2025-26 financial year, the RR rates will rise by an average of 4.2% in Pune Municipal Corporation (PMC) areas and 6.7% in Pimpri-Chinchwad Municipal Corporation (PCMC) zones.
Across the Pune district, the average hike is recorded at 6.8%, which is lower than the 8.2% rise seen in 2022-23. Rural areas have experienced the steepest rise, with rates climbing by 10.3%. According to the state revenue department, the statewide average increase is 3.9%. Ravindra Binwade, Inspector General of Registration (IGR), explained that the new RR rates for 2025-26 were determined following a detailed evaluation of property values across all regions.
1. Developers Voice Concerns: Impact on Housing Projects
Despite the average hike being lower than the previous revision, real estate developers are apprehensive. They believe the average percentage doesn’t capture the real impact in certain zones.
One Pune-based developer noted, “Some areas might face hikes exceeding 10%, especially in peripheral zones like Mhalunge. When combined with the metro cess, this could deter property buyers and investors.”
Others operating under the Pune Metropolitan Region Development Authority (PMRDA) echoed similar concerns. “The government encourages affordable housing in fringe areas, but a 10.3% hike in rural zones undermines that effort,” one developer commented.
2. Why the Hike Now?
According to IGR Binwade, the increase is data-driven and aims to correct long-standing disparities between land and flat prices. He emphasized that the hike is necessary in areas where land values remained artificially low.
“The revision was based on a year-long evaluation, especially focusing on influential and rural areas that needed realistic price adjustments,” he added.
However, developers argue that with metro cess already applicable in cities like Pune, Thane, Mumbai, and Nagpur, this additional rate hike feels excessive.
3. Where Are the Highest RR Rates in Pune?
Officials from the Registration Department pointed out that RR rates remain highest in premium localities, including:
Prabhat Road
Garware School – SNDT
Gyaneshwar Paduka Chowk
Wakad
Balewadi
Baner
Hinjawadi
Kharadi
Ravet
Bajirao Road
These micro-markets continue to command top-tier pricing due to demand and infrastructure development.
4. What Are Ready Reckoner Rates?
Ready Reckoner (RR) rates are government-notified property values that serve as a reference for:
Stamp duty and registration fee calculations
Capital gains tax computation
Municipal charges tied to Floor Space Index (FSI)
These rates are reviewed annually, with the previous revision taking place in April 2022-23.
5. Region-Wise RR Rate Increase Breakdown
| Region | RR Rate Hike (%) |
|---|---|
| Rural Areas | 10.3% |
| Influential Areas | 6.2% |
| Municipal Councils | 6.5% |
| Pune City (PMC) | 4.2% |
| Pimpri-Chinchwad (PCMC) | 6.7% |
Conclusion
The latest hike in RR rates is poised to reshape Pune’s real estate dynamics. While it may lead to price appreciation in city zones, the impact on affordable housing and investment sentiment in rural and fringe areas remains a concern.
What are your thoughts on this development? Will it benefit the market or make homeownership tougher for buyers?
Let us know in the comments below!
