PUNE: All district collectors would have to conduct meetings with political leaders within this month ahead of finalising the ready reckoner rates for the upcoming year, a senior revenue official told TOI.
“Consultations with all local leaders should be conducted in December. All districts will have to submit detailed reports in the coming two months,” he said.
The official said reports from the districts should reach the state stamps and revenue department by February. The final ready reckoner (RR) rates would be announced by March-end and they would be implemented from April 1. There was no change in RR rates in the current financial year. It was last revised in 2022.
Developers’ associations have been requesting not to increase the RR rates, claiming that it would come at a time when the realty sector had become buoyant. “The state should not increase the RR rates. It should instead announce sops to reduce the stamp duty. Already 1% Metro cess on stamp duty is being collected,” said Credai’s national vice-president Sunil Furde.
The state stamps and revenue department is working on making RR rates more realistic and scientific after GIS mapping of all land parcels is done by January next year.
