Ready reckoner rates up by 10-20% in Pune

PUNE: Notwithstanding the economic slowdown and high property prices, the state government has increased the ready reckoner (RR) rates by an average 10-20 % in the city with effect from January 1, 2013.
The RR is used to calculate the market value of flats for stamp duty and registration charges, which are major sources of revenue for the government after sales tax and value-added tax.