diff --git a/compiler/packages/babel-plugin-react-compiler/src/Validation/ValidateNoRefAccessInRender.ts b/compiler/packages/babel-plugin-react-compiler/src/Validation/ValidateNoRefAccessInRender.ts
index abbb7d8476981..6656e7857822c 100644
--- a/compiler/packages/babel-plugin-react-compiler/src/Validation/ValidateNoRefAccessInRender.ts
+++ b/compiler/packages/babel-plugin-react-compiler/src/Validation/ValidateNoRefAccessInRender.ts
@@ -402,14 +402,26 @@ function validateNoRefAccessInRenderImpl(
             }
             const objType = env.get(instr.value.object.identifier.id);
             let lookupType: null | RefAccessType = null;
-            if (objType?.kind === 'Structure') {
-              lookupType = objType.value;
-            } else if (objType?.kind === 'Ref') {
-              lookupType = {
-                kind: 'RefValue',
-                loc: instr.loc,
-                refId: objType.refId,
-              };
+            if (objType?.kind === 'Ref') {
+              // Only loading .current from a ref should be treated as a ref value access
+              if (
+                instr.value.kind === 'PropertyLoad' &&
+                instr.value.property === 'current'
+              ) {
+                lookupType = {
+                  kind: 'RefValue',
+                  loc: instr.loc,
+                  refId: objType.refId,
+                };
+              }
+            } else if (objType?.kind === 'Structure') {
+              // For structures (like props objects or objects containing refs),
+              // we should not automatically propagate the ref type to all properties.
+              // Only propagate if we're destructuring the entire object or if the
+              // specific property is known to be a ref.
+              // This prevents false positives where props.className is flagged as a ref
+              // just because props also contains props.ref.
+              lookupType = null;
             }
             env.set(
               instr.lvalue.identifier.id,
diff --git a/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/false-positive-props-ref-access.js b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/false-positive-props-ref-access.js
new file mode 100644
index 0000000000000..6a1e67895702a
--- /dev/null
+++ b/compiler/packages/babel-plugin-react-compiler/src/__tests__/fixtures/compiler/false-positive-props-ref-access.js
@@ -0,0 +1,32 @@
+// @compilationMode(infer)
+// Regression test for https://github.com/facebook/react/issues/34775
+// The compiler should NOT flag props.className as a ref access just because
+// props also contains props.ref. Each property should be independently typed.
+
+import {useCallback} from 'react';
+
+function Child(props: {className: string, myRef: () => void}) {
+  const internalRef = useCallback(() => {
+    console.log('ref');
+  }, []);
+
+  return (
+    <div>
+      <div ref={internalRef} className={props.className} />
+      <div ref={props.myRef} className={props.className} />
+    </div>
+  );
+}
+
+export function Parent() {
+  const ref = useCallback(() => {
+    console.log('ref');
+  }, []);
+
+  return <Child myRef={ref} className="foo" />;
+}
+
+export const FIXTURE_ENTRYPOINT = {
+  fn: Parent,
+  params: [],
+};