Maharashtra increased the ready reckoner rates by an average of 8.80%

Apr 02, 2022 00:11 am

On Mar 31, The Maharashtra government decided to increase the ready reckoner (RR) rates in the state. This increase is in effect from Apr 01, 2022.

These rates are decided basis various factors such as type of property (commercial/ residential), type of location (urban/rural) and the prevailing market conditions. ThIs rates levied on square feet are further linked to the FSI. The details of the increase is as below.

In Thane, the rates have been increased by 9.48 %, Navi Mumbai by 8.90 %, Ulas Nagar by 9.81 %, Vasai-Virar by 9 %, Panvel by 9.24 %, Pune by 6.12 %, Pimpri Chinchwad by 12.36 %, Sholapur by 8.08 %, Nasik by 12.15 %, Ahmadnagar by 7.72 %, Latur by 11.93 % and Aurangabad by 12.38 %.

Except Mumbai, the ready reckoner rates of all municipal corporations will be increased by 8.8 percent from April 1 onwards.

The government didn’t hike the rates for the last two years due to the pandemic. The rates are released at the beginning of the financial year in Maharashtra.