diff --git a/gradle.properties b/gradle.properties
index c85499d88faa..29af96fe1dc7 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -2,7 +2,7 @@ org.gradle.caching=true
 org.gradle.parallel=true
 org.gradle.jvmargs='-Dfile.encoding=UTF-8'
 org.gradle.workers.max=3
-version=2201.3.0-rc3-SNAPSHOT
+version=2201.3.0-rc3
 group=org.ballerinalang
 bootstrappedOn=1.1.0-alpha
 specVersion=2022R4