15% hike mooted in ready reckoner rate for Pune, Pimpri-Chinchwad

Once approved, the rates would be effective from April 1 and properties comprising houses and commercial firms would witness a steep price rise

- Nadeem Inamdar

PUNE: The Inspector General of Registration and Controller of Stamps and state town planning authority have jointly proposed a hike of 15 per cent in ready reckoner rate for Pune and Pimpri-Chinchwad municipal corporations, 12 per cent for municipal council and 10 per cent for rural areas for the financial year 2025-2026.

The ready reckoner rate is the minimum rate based on which the government charges registration fees and stamp duty for any property-related transactions.

Once approved by the state government, the rates would be effective from April 1 and properties comprising houses, flats and commercial establishments would witness a steep price rise.