diff --git a/charts/pravega-operator/README.md b/charts/pravega-operator/README.md
index 237bcea..c633d59 100644
--- a/charts/pravega-operator/README.md
+++ b/charts/pravega-operator/README.md
@@ -32,6 +32,42 @@ This command deploys a pravega-operator on the Kubernetes cluster in its default
 
 >Note: If the pravega-operator version is 0.4.5, webhookCert.certName and webhookCert.secretName should not be set. Also in this case, bookkeeper operator, cert-manager and the certificate/issuer do not need to be deployed as prerequisites.
 
+## Version Compatibility
+
+The following table lists which version of the pravega operator chart would install which version of the pravega operator by default.
+
+| Chart Version | App Version |
+| :-----------: | :---------: |
+| 0.4.5 | 0.4.5 |
+| 0.5.0 | 0.5.0 |
+| 0.5.1 | 0.5.1 |
+| 0.5.2 | 0.5.2 |
+| 0.5.3 | 0.5.3 |
+| 0.6.0 | 0.5.4 |
+
+The following table captures compatibility between the App Versions i.e. the pravega operator versions vs. the Chart Versions.
+> NOTE: From Chart Version 0.6.0 onwards, the App Version and the Chart Version fields have been decoupled.
+
+| Chart Version \ Operator Version | 0.4.x | 0.5.x |
+| :------------------------------: | :---: | :---: |
+| 0.4.x | Yes | No |
+| 0.5.x | No | Yes |
+| 0.6.x | No | Yes |
+
+The following table captures compatibility between pravega operator charts with pravega charts
+
+| Pravega Chart \ Pravega Operator Chart Version | 0.4.x | 0.5.x | 0.6.x |
+| :----------------------------------------------------: | :---: | :---: | :---: |
+| pravega-bk-0.5.x | Yes | No | No |
+| pravega-bk-0.6.x | Yes | No | No |
+| pravega-bk-0.7.x | Yes | No | No |
+| pravega-0.5.x | No | Yes | Yes |
+| pravega-0.6.x | No | Yes | Yes |
+| pravega-0.7.x | No | Yes | Yes |
+| pravega-0.8.x | No | Yes | Yes |
+| pravega-0.9.x | No | Yes | Yes |
+| pravega-0.10.x | No | Yes | Yes |
+
 ## Upgrading Pravega-Operator
 
 For upgrading pravega-operator, please refer [upgrade guide](https://github.com/pravega/pravega-operator/blob/master/doc/operator-upgrade.md)
diff --git a/charts/pravega/README.md b/charts/pravega/README.md
index 7883bae..2409a15 100644
--- a/charts/pravega/README.md
+++ b/charts/pravega/README.md
@@ -79,6 +79,38 @@ Check out the documentation on [external access](https://github.com/pravega/prav
 
 Check out the section on [exposing Segmentstore service on single IP address](https://github.com/pravega/pravega-operator/blob/master/doc/external-access.md#exposing-segmentstore-service-on-single-ip-address-and-different-ports) if your clients need to connect to all Pravega Segmentstore instances on the same IP address from outside Kubernetes.
 
+## Version Compatibility
+
+The following table lists which version of the pravega chart would install which version of the pravega by default.
+
+| Chart Version | App Version |
+| :-----------: | :---------: |
+| 0.5.0 | 0.5.0 |
+| 0.5.1 | 0.5.1 |
+| 0.6.0 | 0.6.0 |
+| 0.6.1 | 0.6.1 |
+| 0.6.2 | 0.6.2 |
+| 0.7.0 | 0.7.0 |
+| 0.7.1 | 0.7.1 |
+| 0.7.2 | 0.7.2 |
+| 0.7.3 | 0.7.3 |
+| 0.8.0 | 0.8.0 |
+| 0.9.0 | 0.9.0 |
+| 0.9.1 | 0.9.1 |
+| 0.10.0 | 0.9.1 |
+
+The following table captures any breaking changes between the App Versions i.e. the pravega versions vs. the Chart Versions.
+> NOTE: From Chart Version 0.10.0 onwards, the App Version and the Chart Version fields have been decoupled.
+
+| Chart Version \ Pravega Version | 0.5.x | 0.6.x | 0.7.x | 0.8.x | 0.9.x |
+| :-----------------------------: | :---: | :---: | :---: | :---: | :---: |
+| 0.5.x | Yes | No | No | No | No |
+| 0.6.x | Yes | Yes | No | No | No |
+| 0.7.x | Yes | Yes | Yes | No | No |
+| 0.8.x | Yes | Yes | Yes | Yes | No |
+| 0.9.x | Yes | Yes | Yes | Yes | Yes |
+| 0.10.x | Yes | Yes | Yes | Yes | Yes |
+
 ## Updating Pravega Cluster
 
 For updating the pravega cluster, use the following command