India, April 1 -- After a gap of two consecutive years, the state government on Monday announced a rise in the ready reckoner (RR) rates across the state for the financial year (FY) 2025-26. Although the average rise in the state remains 3.89%, it is 5.95% in urban areas governed by municipal corporations. It is just 3.39% in Mumbai, the second lowest after Nanded.

The highest rise in the RR rates is in Solapur city (10.17%), followed by Ulhasnagar (9%), Amravati city (8.03%) and Thane city (7.72%). The rise in the RR rates is expected to earn the cash-strapped Maharashtra government a minimum of Rs.10,000 crore against the target of Rs.63,500 crore from stamp duty and registration in FY 2025-26.

The government has increased the RR rate...