Check out why the total outgo for a new property has increased in Maharashtra.


Even as property prices have not gone up much in the past year, total outgo for a new property just increased in Maharashtra. The government has raised the ready reckoner rates by an average of 18 per cent in Mumbai and five to 30 per cent in the state.

Ready reckoner is the rate at which stamp duty for a property is calculated. Higher the ready reckoner rate, higher the stamp duty and higher your property cost. It differs across areas and cities. If in Worli, Mumbai, it is Rs 25,000 a square feet (sq ft), the stamp duty will be Rs 1,250 a sq ft. The stamp duty is fixed at five per cent in Maharashtra.



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