Artificial aging was performed to simulate the microstructural degradation in 2.25CrMo steel arising from long time exposure at $540^{circ}C$. The carbide morphologies were classified as acicular, pipe and globular type, and the number of carbides per unit area was measured for each type of carbides. The fine acicular carbides were found to diminish drastically in the initial stage of aging. An attempt was made to evaluate the microstructural degradation in artificially aging heat treated 2.25CrMo steel by the magnetic property measurements such as saturation magnetization, coercivity and remanence. The saturation magnetization showed no distinct trend with aging time. However, the coercivity and remanence were observed to decrease rapidly in initial 920 hours of aging time and then decrease slowly afterwards.