With the financial year coming to an end, property transactions in Maharashtra are expected to surge. To accommodate this growing demand, the Department of Registration and Stamps has announced extended working hours for all property registration offices across the state. From March 1 to March 31, 2025, these offices will remain open for two extra hours daily, including weekends and select public holidays.
Every year, the property market experiences a spike in transactions before the end of the fiscal year. One of the key reasons is the anticipated revision of Ready Reckoner (RR) rates, which affect property valuations and stamp duty calculations. Homebuyers and investors rush to complete registrations before the potential increase in property prices.
More Time for Registrations – The extended hours allow buyers and sellers to complete transactions without last-minute hassles.
Avoid Higher Property Costs – Registering properties before the RR rate revision can help save on stamp duty.
Enhanced Convenience – Offices will also remain operational on second and fourth Saturdays, government holidays, and the last Sunday of March to ensure accessibility for all.
In addition to extended hours, the Maharashtra government is streamlining the property registration process through digital initiatives. The launch of Leave & License 2.0 on February 17, 2025, for Pune Rural enables users to pay stamp duty, registration fees, and handling charges online via Pay2IGR. This move is expected to reduce paperwork and improve efficiency.
To make the most of this opportunity, here are a few steps to follow:
Verify Property Documents – Ensure all property papers are complete and legally verified.
Calculate Stamp Duty and Registration Fees – Use online calculators available on the IGR Maharashtra website.
Book an Appointment – Some offices may require prior appointments to avoid long queues.
Opt for Digital Payment – Reduce processing time by making online payments through authorized portals.
The decision to extend property registration office hours in Maharashtra is a welcome move for buyers, sellers, and real estate investors. It provides ample time to complete transactions efficiently before the fiscal year ends and helps avoid increased costs due to Ready Reckoner rate revisions.
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