Punekars looking to buy a house will now face higher prices in few areas as the Maharashtra government has announced an increase in the Ready Reckoner (RR) rates for the financial year 2025-26. The new rates came into effect on April 1, 2025, marking a significant rise in property costs across Pune and Pimpri Chinchwad.
The Ready Reckoner rates have been increased by an average of 4.39% across the state, with Pune seeing a hike of 4.16% and Pimpri Chinchwad experiencing a sharper increase of 6.69%. This change means that homebuyers will have to pay more for property transactions, impacting both buyers and sellers in the region.
This is the first time in two years that the government has revised the RR rates, reflecting the growing property market in Pune. The increase is part of a broader adjustment across major cities in Maharashtra, with Mumbai witnessing a 3.39% rise, Thane at 6.26%, Nashik at 7.32%, Navi Mumbai at 6.75%, Solapur at 10.17%, and Amravati at 8.3%.
The government’s decision to increase the RR rates is expected to influence property prices, making homeownership in Pune even more expensive for prospective buyers.
What Are Ready Recknor Rates?
The ready reckoner rate, often called circle rate or guidance value, signifies the lowest valuation established by the state government for properties within a specific region. It acts as a standard for determining different taxes, charges, and fees associated with property transactions, such as stamp duty and registration fees.
The last adjustment in RRR occurred in 2022-23, and although predictions hinted at potential hikes of up to 10%, the actual increases vary across regions, with notable jumps in places like Thane (7.72%), Solapur (10.17%), and Navi Mumbai (6.75%).
