# Maharashtra Holds Ready Reckoner Rates Flat for 2026-27: No Hike for Mumbai or Pune **Maharashtra has frozen its Ready Reckoner rates for the financial year 2026-27. Revenue Minister Chandrashekhar Bawankule announced the status quo on 31 March 2026, effective 1 April. For an NRI buying or selling in Mumbai or Pune, the government valuation your stamp duty and capital gains are measured against does not move this year.** Property costs in Maharashtra rise most years by stealth, through the valuation benchmark rather than the headline rate. This year that benchmark stays put. ## What a Ready Reckoner rate is, and what changed The Ready Reckoner rate, called the circle rate or guidance value in other states, is the government's minimum benchmark value for property in a given area. Stamp duty and registration charges are paid on the higher of your actual deal value or this benchmark. It also sets a floor for tax: a sale recorded below the benchmark is still taxed as if it sold at the benchmark. For FY 2026-27 the state held these rates unchanged across Maharashtra, Mumbai and Pune included. The decision came from Revenue Minister Bawankule on directions from Chief Minister Devendra Fadnavis, despite the state collecting over ₹60,500 crore in stamp duty in 2025-26. The department did apply technical corrections to the Annual Statement of Rates, such as new survey numbers and updated development plans, but the rate values themselves did not rise. This follows the 2025 revision, which lifted rates by an average of about 5.95% in municipal corporation areas, with Mumbai up 3.39%. A year of no increase is real relief against that base. ## What it means for an NRI owner - Buying in Mumbai or Pune: your stamp duty base does not rise from last year. The floor value the registrar applies is the same one that applied in 2025-26. - Selling: the deemed sale value for capital gains, which cannot fall below the Ready Reckoner rate, holds steady. A deal struck below the benchmark still attracts tax on the benchmark, so the frozen benchmark keeps that floor from climbing. - This is a valuation decision only. It does not change stamp duty percentages, registration charges, TDS on the sale, or capital-gains rates. Those are set separately and are unchanged by this freeze. One honest caveat: a freeze is not a cut. If your area's Ready Reckoner rate already sits above what buyers will actually pay, you still transact against that higher number. ## What to do We report the change here. We do not value your specific flat or file your stamp duty. If you are buying, the stamp duty and valuation mechanics for an NRI purchase are in [NRI buying property in India](/guides/nri-buying-property-in-india). If you are selling, the deemed-value rule feeds straight into your gain: see [capital gains tax on NRI property](/guides/capital-gains-tax-nri-property) and the buyer's deduction in [TDS on sale of property by an NRI](/guides/tds-on-sale-of-property-by-nri). ## FAQ **Did Maharashtra increase Ready Reckoner rates in 2026-27?** No. The state kept rates unchanged for FY 2026-27, effective 1 April 2026. It is the same benchmark that applied in 2025-26. **Does the freeze lower my stamp duty in Mumbai?** It does not lower it. It stops the base value from rising, so your stamp duty on a given property does not climb through a higher benchmark this year. The percentage rates are unchanged. **Does this affect the tax when I sell?** Indirectly. The Ready Reckoner rate is the floor value for computing capital gains. Holding it flat keeps that floor from rising, but the tax rates themselves are set elsewhere. ## Buying or selling in Mumbai or Pune from abroad? 66 MG Road runs the ground work for NRI owners, from registration to a clean sale file, so the numbers are right before you sign. We operate in Mumbai, Pune, Bangalore, Hyderabad, Chennai, and Gurgaon. See [NRI buying property in India](/guides/nri-buying-property-in-india) or [request a proposal](/proposal). *66 MG Road newsdesk* ## Sources - The Free Press Journal, Maharashtra Government Keeps Ready Reckoner Rates Unchanged For 2026-27: [https://www.freepressjournal.in/business/maharashtra-government-keeps-ready-reckoner-rates-unchanged-for-2026-27-providing-major-relief-to-real-estate-sector](https://www.freepressjournal.in/business/maharashtra-government-keeps-ready-reckoner-rates-unchanged-for-2026-27-providing-major-relief-to-real-estate-sector) - Prokerala, Maha govt maintains status quo in Ready Reckoner Rates for 2026-27: [https://www.prokerala.com/news/articles/a1745656.html](https://www.prokerala.com/news/articles/a1745656.html) - Nagpur Today, Relief: Maharashtra freezes Ready Reckoner rates for 2026-27: [https://www.nagpurtoday.in/relief-maharashtra-freezes-ready-reckoner-rates-for-2026-27/](https://www.nagpurtoday.in/relief-maharashtra-freezes-ready-reckoner-rates-for-2026-27/) - Property Butler, Ready Reckoner Rates Mumbai 2026-27: No Hike: [https://propertybutler.in/insights/ready-reckoner-rate-mumbai-2026-27-no-hike](https://propertybutler.in/insights/ready-reckoner-rate-mumbai-2026-27-no-hike) ## Compare and cost - [The NRI Property Management Companies in India: A Comparison You Can Check](/guides/best-nri-property-management-companies-india) - [What NRI Property Management Costs in India: The Four Models and What Hides in Each](/guides/nri-property-management-cost-india) - [NoBroker NRI Services Review: What the Pages Promise and What They Leave Out](/guides/nobroker-nri-services-review) --- Source: [https://66mgroad.com/guides/maharashtra-ready-reckoner-freeze-2026-nri-jul-2026](https://66mgroad.com/guides/maharashtra-ready-reckoner-freeze-2026-nri-jul-2026) · 66 MG Road. Full LLM brief: https://66mgroad.com/llms.txt