Home buyers in high value zones likely to be impacted by 10% hike in Ready Reckoner rates

The Ready Reckoner (RR) rates of high value zones in the Mumbai Metropolitan Region (MMR) for 2025-26 will see a revision of between 5% and 10% from April 1, the inspector general of registration (IGR) Ravindra Binwade told Hindustan Times.

- Draupadi Roheri

MUMBAI:

The rates will be imposed depending on the high value or volume of registrations in particular zones. While revenue minister Chandrasekhar Bawankule had recently hinted at the 10% hike, Binwade said "the new rates have been worked out after surveying all the zones and districts".

Some of the high value or volume zones in MMR include pockets of Borivali, Kandivali, Malad, Goregaon, Mulund, Bandra, Juhu, Walkeshwar, Napean Sea Road, Worli, Prabhadevi, Mahalaxmi, Ghatkopar, Powai, Navi Mumbai, and Thane, among others.