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Ready Reckoner Rates (RRR)/ Annual Statement of Rates (ASR)
“Ready Reckoner Rate’/’Annual Statement of rates’ is a guide published annually by the Inspector General of Registration and Controller of Stamps, Government of Maharashtra which determines the rate of properties in a particular area.
The RRR serves multiple purposes:
I. Acts as a benchmark below which no property transactions can take place in an area. Generally, it is the minimum value that a buyer has to pay for a property.
II. It is the minimum price on the basis of which the state government calculates and levies stamp duty and registration charges.”
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