diff --git a/gradle.properties b/gradle.properties
index 3789f6b4..4d8ee2ea 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=1.3.1-SNAPSHOT
+version=1.3.1
 ballerinaLangVersion=2201.2.0
 puppycrawlCheckstyleVersion=8.18
 testngVersion=6.14.3