Nashik's 7.31% Ready Reckoner Rise: What Buyers Pay Now

Nashik went up 7.31%

From 1 April 2025 Maharashtra raised ready reckoner rates by 7.31% in Nashik and 3.39% in Mumbai, according to IGR's 2025-26 table as reproduced by Housing.com and Business Today. Solapur rose most, at 10.17%. Some coverage put that Solapur figure against Nashik, and it spread from there.

Ready reckoner rates are the government's Annual Statement of Rates, published by IGR Maharashtra. They matter because the sub-registrar charges stamp duty on the higher of your agreement price and the ready reckoner value.

When the rise changes your bill, and when it does not

The increase reaches you only where the ready reckoner value is the larger of the two numbers. Buy a flat for more than its ready reckoner value, which is common in newer buildings, and the duty is worked out on your price as before. The rise changes nothing.

Where the agreement price sits at or near the old ready reckoner value, the new rate takes over. Say a flat was valued at Rs 50 lakh under the old rates and you agree to pay Rs 50 lakh. At 7.31% higher, the government value is about Rs 53.66 lakh. Duty on that is Rs 3.22 lakh at 6% or Rs 3.76 lakh at 7%, between Rs 22,000 and Rs 25,600 more than before.

Nashik city's rate is 5% under the Stamp Act plus a 1% municipal surcharge, as reported from the corporation's receipts, with a possible 1% metro surcharge not confirmed for Nashik. That is why the sums above give both figures.

A contract clause does not choose the rate

Duty is assessed on the document when it is executed and stamped. An agreement stamped and executed before 1 April 2025 used the old rates. One executed after uses the new ones, whatever its clauses say about which year's rates apply. Ask the sub-registrar which rates apply to a document executed on your date. A contract cannot override the statutory value.

Registration does not move

The registration fee is about 1%, capped at Rs 30,000. Most Nashik flats above about Rs 30 lakh already pay the cap, so the ready reckoner change leaves that line untouched.

The all-in figure for a Rs 1 crore purchase

On a Rs 1 crore property in Nashik city, stamp duty and registration together come to Rs 6.3 lakh at 6% or Rs 7.3 lakh at 7%. If the only buyers are women, take 1% off the duty.

An NRI buyer pays the same rates. What changes is the seller side. Buying from a resident seller at Rs 50 lakh or more, you deduct 1% TDS. Buying from a non-resident seller, you deduct tax under the non-resident rules at a much higher rate and carry the liability if you deduct short, as summaries of the department's guidance explain. Get a CA to compute it before the agreement is signed.

Before you fix a budget

Look up the 2025-26 rate for your zone on IGR's eASR before you agree a price, and compare it with the price you are paying. If the price is below the ready reckoner value, use the government figure in every calculation. Budget stamp duty at 7% in the city, then confirm the exact rate for the property with the sub-registrar.

A broker's commission carries 18% GST, as consistently reported under the service-tax heading for real estate agents. Add it to the commission before you compare offers.