Developers inMaharashtrawant the to keep the Ready Reckoner rates unchanged and help them tide over the slowdown in the past years, particularly after the Covid-19 outbreak.
The property registration department has started discussions on the division-wise revision of the Ready Reckoner (RR) rates, which are announced in April every year. There was no revision in the rates due to the pandemic last year. Tthere was a slight increase (1.74%) in the rates announced in September 2020.
The developers said theKarnatakagovernment had reduced the stamp duty by 2% on flats below Rs45 lakh. Maharashtra should not increase the RR rates. We have urged the state to reduce the stamp duty by 50% on flats under Rs75 lakh, Furde said.