Before going into more detail about what these rates are, it's important to note that ready reckoner rates vary by area and are set by the state government of the respective state. The individual state government publishes and regulates these rates, which are the pricing of residential, land, and commercial property in a certain location. These rates are adjusted on an annual basis, depending on the public's view of the government's willingness to adjust prices. Check out the Ready Reckoner on Economic online only at My First Crore.