Business Standard-Maharashtra hikes property rates: What 3.9% RR rate increase means for you
The Maharashtra government has increased the "ready reckoner" (RR) rates for the financial year 2025-26, which are used for property valuations related to stamp duty and taxes. This marks the first increase in two years. Mumbai will see a 3.39% hike in these rates, while other areas in the state will experience a larger average increase of 3.89%. Notably, cities like Navi Mumbai, Thane, and Nashik will face steeper hikes, reaching up to 10.17%.