New Delhi, April 2 -- The Maharashtra government has increased ready reckoner (RR) rates for FY26 after a gap of two years. RR rates, also known as circle rates, are the state government's estimates of the minimum property prices in an area.

The rate for the state, excluding Mumbai, has gone up by an average of 4.39%, while the financial capital's RR has increased by 3.39%.

These rates are used as a benchmark to charge stamp duty and other taxes related to real estate transactions. They are usually revised each year based on property transactions, development projects and market trends in the previous year.

Since the rates are determined on the basis of property transaction values of the previous year, among other factors, the year-on-...