The Maharashtra state government has announced new Ready Reckoner rates, applicable across the state, for the financial year 2022-23.
In Mumbai, the average increase in the Ready Reckoner rates is 2.64%. The detailed table of market value rates for the nearly 600 zones in the city will be known only on Friday, said a government official.
The average rise in the Ready Reckoner rates across the state, but excluding the city, is 5%.
In rural areas, the increase is 6.96%, while in nagar panchayat and municipal council areas it is 3.62%. In municipal corporation areas excluding the city, the average increase is 8.8% .
In Thane, the rates have been increased by 9.5%, while in Pune the average rise is 6% and in Navi Mumbai it is about 9%.
The government did not increase the rates in 2019-20. In 2020-21, initially it did not increase the rates, but in September it hiked the rates by 1.7%. Ready Reckoner rates are used to calculate stamp duty.