mumbai the state is thinking of lowering its ready reckoner rates in order boost the present real estate situation following a dip in property transactionstoi reported on tuesday that the state was considering to levy stamp duty based on the distance of the property from conveniences sea schools gardens and other basic amenities at present it is charged according to the ready reckoner rates of that particular areaa lobby of influential builders in the state called on revenue minister patangrao kadam at mantralaya on tuesday to discuss some of the issues the meeting was mainly on ready reckoner as stamp duty and registration fees are charged based on itin the meeting builders expressed deep concern over the drop in the real estate transactions following the economic slump and emphasised the need for lowering the ready reckoner rates many of them recommended to completely change the indicative property rates ready reckoner in order to bail out the property sector according to the builders a slash in the reckoner price will get them more buyers if it is implemented at the earliest the minister assured the builders to look into their demands said m rameshkumar principal secretary registration and stamp duty