diff --git a/ballerina-tests/Ballerina.toml b/ballerina-tests/Ballerina.toml
index 710ce0f2..c963c804 100644
--- a/ballerina-tests/Ballerina.toml
+++ b/ballerina-tests/Ballerina.toml
@@ -1,4 +1,4 @@
 [package]
 org = "ballerinax"
 name = "nats_tests"
-version = "3.0.0"
+version = "3.1.0"
diff --git a/ballerina-tests/Dependencies.toml b/ballerina-tests/Dependencies.toml
index 6133c7bb..7c66628d 100644
--- a/ballerina-tests/Dependencies.toml
+++ b/ballerina-tests/Dependencies.toml
@@ -5,12 +5,12 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.9.0"
+distribution-version = "2201.10.0"
 
 [[package]]
 org = "ballerina"
 name = "crypto"
-version = "2.7.0"
+version = "2.7.2"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
@@ -20,7 +20,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "io"
-version = "1.6.0"
+version = "1.6.1"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
@@ -114,7 +114,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "log"
-version = "2.9.0"
+version = "2.10.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "io"},
@@ -129,7 +129,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.2.3"
+version = "1.3.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
@@ -171,7 +171,7 @@ dependencies = [
 [[package]]
 org = "ballerinax"
 name = "nats"
-version = "3.0.0"
+version = "3.1.0"
 scope = "testOnly"
 dependencies = [
 	{org = "ballerina", name = "crypto"},
@@ -185,7 +185,7 @@ modules = [
 [[package]]
 org = "ballerinax"
 name = "nats_tests"
-version = "3.0.0"
+version = "3.1.0"
 dependencies = [
 	{org = "ballerina", name = "lang.runtime"},
 	{org = "ballerina", name = "lang.string"},
diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 105a93f0..3065968a 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -19,7 +19,7 @@ path = "./lib/jnats-2.16.0.jar"
 groupId = "io.ballerina.stdlib"
 artifactId = "nats-native"
 version = "3.1.0"
-path = "../native/build/libs/nats-native-3.1.0-SNAPSHOT.jar"
+path = "../native/build/libs/nats-native-3.1.0.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.ballerina.stdlib"
diff --git a/ballerina/CompilerPlugin.toml b/ballerina/CompilerPlugin.toml
index f753177a..0a815cce 100644
--- a/ballerina/CompilerPlugin.toml
+++ b/ballerina/CompilerPlugin.toml
@@ -3,4 +3,4 @@ id = "nats-compiler-plugin"
 class = "io.ballerina.stdlib.nats.plugin.NatsCompilerPlugin"
 
 [[dependency]]
-path = "../compiler-plugin/build/libs/nats-compiler-plugin-3.1.0-SNAPSHOT.jar"
+path = "../compiler-plugin/build/libs/nats-compiler-plugin-3.1.0.jar"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 0af43fd7..f4fab0fa 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.10.0-20240806-083400-aabac46a"
+distribution-version = "2201.10.0"
 
 [[package]]
 org = "ballerina"
diff --git a/gradle.properties b/gradle.properties
index df8557f1..259bf344 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,8 +1,8 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
 
-version=3.1.0-SNAPSHOT
-ballerinaLangVersion=2201.10.0-20240806-083400-aabac46a
+version=3.1.1-SNAPSHOT
+ballerinaLangVersion=2201.10.0
 ballerinaGradlePluginVersion=2.0.1
 
 natsVersion=2.16.0
@@ -15,10 +15,10 @@ stdlibIoVersion=1.6.1
 stdlibTimeVersion=2.4.0
 
 stdlibConstraintVersion=1.5.0
-stdlibLogVersion=2.10.0-20240807-203000-b85cfb9
+stdlibLogVersion=2.10.0
 stdlibCryptoVersion=2.7.2
 
-observeVersion=1.3.0-20240807-093200-e29ca7a
-observeInternalVersion=1.3.0-20240807-094500-91e2d3a
+observeVersion=1.3.0
+observeInternalVersion=1.3.0
 
 jacocoVersion=0.8.10