diff --git a/deploy/helm/charts/Chart.yaml b/deploy/helm/charts/Chart.yaml
index 945a6450..10087de9 100644
--- a/deploy/helm/charts/Chart.yaml
+++ b/deploy/helm/charts/Chart.yaml
@@ -4,10 +4,10 @@ description: Helm chart for OpenEBS Dynamic Local PV. For instructions to instal
 type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
-version: 4.1.0
+version: 4.2.0
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: 4.1.0
+appVersion: 4.2.0
 icon: https://raw.githubusercontent.com/cncf/artwork/master/projects/openebs/icon/color/openebs-icon-color.png
 home: http://www.openebs.io/
 keywords:
diff --git a/deploy/helm/charts/README.md b/deploy/helm/charts/README.md
index 4aea0495..11545fd0 100644
--- a/deploy/helm/charts/README.md
+++ b/deploy/helm/charts/README.md
@@ -68,14 +68,14 @@ helm install openebs-localpv openebs-localpv/localpv-provisioner --namespace ope
 
 | Parameter                                   | Description                                                                                                                                                                                 | Default                       |
 | ------------------------------------------- |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|
-| `release.version`                           | LocalPV Provisioner release version                                                                                                                                                         | `4.1.0`                       |
+| `release.version`                           | LocalPV Provisioner release version                                                                                                                                                         | `4.2.0`                       |
 | `analytics.enabled`                         | Enable sending stats to Google Analytics                                                                                                                                                    | `true`                        |
 | `analytics.pingInterval`                    | Duration(hours) between sending ping stat                                                                                                                                                   | `24h`                         |
-| `extraLabels`                               | Additional labels to add to all chart resources                                 | `{}`                         |
+| `extraLabels`                               | Additional labels to add to all chart resources                                 | `{}`                          |
 | `helperPod.image.registry`                  | Registry for helper image                                                                                                                                                                   | `""`                          |
 | `helperPod.image.repository`                | Image for helper pod                                                                                                                                                                        | `"openebs/linux-utils"`       |
 | `helperPod.image.pullPolicy`                | Pull policy for helper pod                                                                                                                                                                  | `"IfNotPresent"`              |
-| `helperPod.image.tag`                       | Image tag for helper image                                                                                                                                                                  | `4.1.0`                       |
+| `helperPod.image.tag`                       | Image tag for helper image                                                                                                                                                                  | `4.2.0`                       |
 | `hostpathClass.basePath`                    | BasePath for openebs-hostpath StorageClass                                                                                                                                                  | `"/var/openebs/local"`        |
 | `hostpathClass.enabled`                     | Enables creation of default Hostpath StorageClass                                                                                                                                           | `true`                        |
 | `hostpathClass.isDefaultClass`              | Make openebs-hostpath the default StorageClass                                                                                                                                              | `"false"`                     |
@@ -88,7 +88,7 @@ helm install openebs-localpv openebs-localpv/localpv-provisioner --namespace ope
 | `localpv.image.registry`                    | Registry for LocalPV Provisioner image                                                                                                                                                      | `""`                          |
 | `localpv.image.repository`                  | Image repository for LocalPV Provisioner                                                                                                                                                    | `openebs/localpv-provisioner` |
 | `localpv.image.pullPolicy`                  | Image pull policy for LocalPV Provisioner                                                                                                                                                   | `IfNotPresent`                |
-| `localpv.image.tag`                         | Image tag for LocalPV Provisioner                                                                                                                                                           | `4.1.0`                       |
+| `localpv.image.tag`                         | Image tag for LocalPV Provisioner                                                                                                                                                           | `4.2.0`                       |
 | `localpv.updateStrategy.type`               | Update strategy for LocalPV Provisioner                                                                                                                                                     | `RollingUpdate`               |
 | `localpv.annotations`                       | Annotations for LocalPV Provisioner metadata                                                                                                                                                | `""`                          |
 | `localpv.podAnnotations`                    | Annotations for LocalPV Provisioner pods metadata                                                                                                                                           | `""`                          |
diff --git a/deploy/helm/charts/values.yaml b/deploy/helm/charts/values.yaml
index 14b15def..874e5983 100644
--- a/deploy/helm/charts/values.yaml
+++ b/deploy/helm/charts/values.yaml
@@ -3,7 +3,7 @@
 # Declare variables to be passed into your templates.
 
 release:
-  version: "4.1.0"
+  version: "4.2.0"
 
 rbac:
   # rbac.create: `true` if rbac resources should be created
@@ -19,7 +19,7 @@ localpv:
     # For example : quay.io/ is a correct value here and quay.io is incorrect
     registry:
     repository: openebs/provisioner-localpv
-    tag: 4.1.0
+    tag: 4.2.0
     pullPolicy: IfNotPresent
   updateStrategy:
     type: RollingUpdate
@@ -120,7 +120,7 @@ helperPod:
     repository: openebs/linux-utils
     pullPolicy: IfNotPresent
     # Overrides the image tag whose default is the chart appVersion.
-    tag: 4.1.0
+    tag: 4.2.0
 
 # Additional labels to add to all chart resources
 extraLabels: {}