diff --git a/charts/argo-events/Chart.yaml b/charts/argo-events/Chart.yaml
index c9f2ae120..5def36c74 100644
--- a/charts/argo-events/Chart.yaml
+++ b/charts/argo-events/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v2
 description: A Helm chart to install Argo-Events in k8s Cluster
 name: argo-events
-version: 1.3.3
+version: 1.4.0
 keywords:
   - argo-events
   - sensor-controller
@@ -12,6 +12,6 @@ sources:
 maintainers:
   - name: VaibhavPage
   - name: whynowy
-appVersion: 1.2.3
+appVersion: 1.3.1
 icon: https://raw.githubusercontent.com/argoproj/argo/master/docs/assets/argo.png
 home: https://github.com/argoproj/argo-helm
diff --git a/charts/argo-events/values.yaml b/charts/argo-events/values.yaml
index b786e2606..a54ec0107 100644
--- a/charts/argo-events/values.yaml
+++ b/charts/argo-events/values.yaml
@@ -45,7 +45,7 @@ singleNamespace: true
 sensorController:
   name: sensor-controller
   image: sensor-controller
-  tag: v1.2.3
+  tag: v1.3.1
   replicaCount: 1
   sensorImage: sensor
   podAnnotations: {}
@@ -58,7 +58,7 @@ sensorController:
 eventsourceController:
   name: eventsource-controller
   image: eventsource-controller
-  tag: v1.2.3
+  tag: v1.3.1
   replicaCount: 1
   eventsourceImage: eventsource
   podAnnotations: {}
@@ -71,7 +71,7 @@ eventsourceController:
 eventbusController:
   name: eventbus-controller
   image: eventbus-controller
-  tag: v1.2.3
+  tag: v1.3.1
   replicaCount: 1
   podAnnotations: {}
   nodeSelector: {}