pune home buyers can expect a realistic pricing with the state government deciding to maintain a status quo on the ready reckoner rr rates this year industry experts said the governments decision not to increase the rr rates would boost the buyers sentiment that was lacking for the past one yearrr rates are assessments of property value by the state government on the basis of which stamp duty and registration charges are paid the government usually revises the rates every year the government however decided to keep the rates unchanged because of the overall slump in the real estate sector after the demonetization drive and introduction of the real estate regulatory authority rera and gst confederation of real estate developers associations of india credai national president elect satish magar said the governments decision would to keep prices stable and ensure an increase in the volume of transactions and boost the realty sector as a whole this will also help the developers charge lower than the existing prices especially in the affordable housing sector he said the developers body had repeatedly requested the state government to not increase the rr rates this year because of the ongoing slowdown in the sector state credai president shantilal kataria said the rr rates were already very high in maharashtra and any further increase would have hit the ailing realty market with the rr rates remaining unchanged he said the developers can go for a realistic pricing the artificial pricing due to the hike in rr rates will be curtailed as the buyers were unnecessarily made to share the burden of the differential cost in the form of higher stamp duty he saidpune credai president shrikant paranjape said though the rr rates were an average rate genuine transactions valued below it were affected because of the income tax factor the union budget has exempted transactions up to 5 below the ready reckoner from such artificial taxations the budgetary amendment and the status quo in the rr rates will help such genuine transactions and registrations this will help both the customers and the developers paranjape saidrealtor analyst anuj puri from anarock property consultants said any hike would have had a negative impact on the market as the previous years saw huge hikes keeping the rr rates unchanged will benefit the citys real estate sector and the endusers it will also reduce reduce the burden of tax on property transactionsthe state government had last week decided not to increase the rr rates giving a respite to the homebuyers and developers alike this was the second time after 2009 that the government decided to maintain a status quo on the rates last year the rr rates were increased by 586 on an average