MUMBAI: The inspector-general of registration on January 17 issued orders staying the ready reckoner (RR) guidelines of 2014. The stamp duty and registration department will seek the opinion of all stakeholders like developers and legislators before preparing fresh guidelines to determine the market value of a property. Till then, the department will consider the market value of properties finalized in 2013.
But the state has not stayed the 20% rise in RR, which is effective from January 1. TOI on January 12 reported on the revenue minister’s decision to stay some RRs hiked in 2014. K Mehta of Raha Realtor said the stay on 2014 RR norms will help property buyers save substantially. — Rajshri Mehta