diff --git a/gradle.properties b/gradle.properties
index d32eaa9c..667bf0d8 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=1.3.0-SNAPSHOT
+version=1.3.0
 ballerinaLangVersion=2201.1.0
 
 puppycrawlCheckstyleVersion=8.18