Understanding Ready Reckoner Rates: Maharashtra’s Latest Hike Explained
Summary Points: RR rates are the government’s minimum property value benchmarks, recently hiked by 4.39% on average from April 1, 2025. They determine stamp duty and registration fees, ensuring the state doesn’t lose tax revenue to cash deals. Registration must reflect the higher of RR or actual price – e.g., Rs 55 lakh for a…