Mumbai, Thane, and the entire Maharashtra region will see a rise in property prices as the state government has increased Ready Reckoner (RR) rates by 4.39% for 2025-26. This revision will lead to higher stamp duty charges for homebuyers.
The Mumbai Metropolitan Region (MMR) will see a 3.39% rise, while Thane’s RR rates will increase by 7.72%, Mira-Bhayandar by 6.26%, Navi Mumbai by 6.75%, Ulhasnagar by 9%, Bhiwandi by 2.5%, and Vasai-Virar by 4.5%.
Currently, stamp duty in Mumbai is 6%, while in the MMR region, it is 7%. Since Ready Reckoner rates are determined based on last year’s property transactions, the increase will make home purchases more expensive.
Builders’ Costs to Rise
Builders pay multiple premiums during the construction process, which are charged based on Ready Reckoner rates. With the latest hike, these premiums will also increase, leading to a direct rise in property costs. As a result, buying a house in Maharashtra will now be more expensive for homebuyers.
