Ready Reckoner 2001-02 Mumbai New! Jun 2026

: The RR rate for residential units in village Kandivali West was approximately ₹18,000 per sq. mt. on built-up area (BUA) in 2001.

You cannot register a flat for Re. 1. You cannot register it for market value. You must pay stamp duty on the higher of the actual sale price or the Ready Reckoner rate.

Historically, rates were applied to the built-up area of a property (though current standards often use carpet area). ready reckoner 2001-02 mumbai

📈 These 2001-02 rates are often used as a base for calculating Capital Gains (Section 50C of Income Tax Act) if the property was acquired that year. They also show how Mumbai real estate has multiplied 5x–10x since then.

Under Section 55 of the Income Tax Act, the Indian government fixed , as the definitive baseline cutoff date to compute long-term capital gains tax. If you inherit or sell a property acquired prior to April 2001, you are legally required to compute its Fair Market Value (FMV) as of April 1, 2001. Income tax authorities cross-reference the FMV with the official Ready Reckoner rates of the 2001-02 cycle to prevent tax evasion. 2. Standardizing Historical Stamp Duty : The RR rate for residential units in

The is a vital tool in Mumbai's real estate sector, serving as the benchmark value set by the Maharashtra government for determining stamp duty and registration charges on property transactions. For historical transactions, particularly those occurring around the turn of the millennium, the Ready Reckoner 2001-02 for Mumbai serves as the definitive legal document for tax assessment and valuation .

: These rates represent the government's minimum declared value for property transactions during that specific financial year. Sample Historical Rates (2001) You cannot register a flat for Re

In the ready reckoner, find the table for the zone and sub-zone that corresponds to your property’s C.T.S. number. The rate will be listed in Indian Rupees (₹) per square meter .