By April-end, property buyers in Maharashtra are likely to register property in a hassle-free manner.
Maharashtra Government is working on One State One Registration, a scheme announced by Devendra Fadnavis, Maharashtra Chief Minister. Ravindra Binwade, Inspector General of Registration said.
The homebuyers will now be able to complete the registry by visiting any sub-registrar office, irrespective of the location.
“A Mumbai resident need not travel to Pune to execute a sale deed for property. They can simply visit their local sub-registrar,” Binwade said. He also said this move is expected to unclog registration offices and curtail processing times.
The officials are working at a fast-pace to meet the 100-day deadline that includes hardware and software updation.
Also Read: Luxuriousness lure Homebuyers to Invest upto Rs.2 Crore in Mumbai Real Estate
Data Synchronisation in Process with National Information Centre
He further said, “We are collaborating with the National Information Centre to enhance our systems. All 519 sub-registrar offices across Maharashtra must be equipped to handle documents from anywhere.” He made a comment after chairing a meeting of officials to ensure timely work in the scheme rollout.
In Maharashtra, e-registration of first sale property by developers is already in place. The authority aims at its online expansion to curtail visits to offices.
Ravindra Binwade, Inspector General of Registration said, “We are receiving office utilisation patterns. Underperforming offices may face closure, while districts lacking adequate facilities will get new ones.”
The real estate experts welcomed the decision estimating it to end the travel mayhem but hinted at maintaining robust checks. Similarly, residents also rejoice in the decision calling it an easy way to register without visiting the registrar’s office.
Binwade, who recently took over the charge from former IGR Hiralal Sonawane said that the process will also strengthen rules and regulations to avoid corruption.
“Any necessary amendments will be made to ensure hassle-free process and eliminate corruption,” he said.
Another official who didn’t wish to be named said, the scheme is a visionary plan of CM Devendra Fadnavis to introduce faceless technology for documentation. It is also a step towards the futuristic work style for the revenue department in the State.
The ready reckoner rate is also proposed for discussion as the Government last altered it in 2022.
Also Read: Unlocked! Top Properties in Mumbai to Invest in 2025
Ready Reckoner Rate Will Remain Unchanged? A Discussion is Midway
A decision about changing or remaining stagnant with a ready reckoner rate is under process. It includes all stakeholders at the district level and data will be submitted to Binwade, IGR by February-end.
He will then table a consolidated report to the State Government which holds the right to take a final decision on a change in rates.
Shantilal Kataria, CREDAI Governing Council member said, “Like other sops they have announced they should also ensure that middle class does not get affected and continue to keep the rates stable even in the coming year. The market buoyancy should be kept in mind before making a knee jerk reaction.”
The ready reckoner rates regulate stamp duty and registration charges based on location, infrastructure, and conveniences.
The State Government did not disclose any new target for the revenue department. But the revive is made against the record of Rs. 39,000 Crore revenue via 21 lakh registrations in 2024, with the annual target set at Rs. 55,000 Crore.
