Maharashtra govt maintains status quo on property ready reckoner rates

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Key Points

The government of Maharashtra has decided not to make any changes to ready reckoner rates for the financial year 2024-25..

The government of Maharashtra has fetched revenue worth nearly Rs 36,000 crore through stamp duty collection and registration charges in the financial year 2023-24...

Realty developers expect the state governments decision to maintain status quo on ready reckoner rates will support the sector, especially the affordable housing segment...

We commend the government's foresight in supporting the property market's resilience and look forward to continued collaboration for a thriving real estate landscape, said Domnic Romell, president, CREDAI-MCHI...

Ready reckoner rates serve as the guidance values for property transactions, serving dual purposes in the calculation of capital gains for income tax and the determination of stamp duty payments to the state government...

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