Ready Reckoner 2001-02 Mumbai
first official systematic rates
The 2001-02 Mumbai Ready Reckoner is a foundational document for property valuation in Maharashtra, as it established the for the state on January 1, 2001.
How is the ready reckoner rate calculated? * Multiply the built-up area (in sq. metres) by the ready reckoner rate of that area. * Bajaj Finserv Ready Reckoner 2001 Mumbai - Google Groups ready reckoner 2001-02 mumbai
RTI Request
: You can file a Right to Information (RTI) application with the Department of Registration and Stamps to request specific zone and sub-zone rates for the 2001-02 period. Pro-Tip: Don't Forget Depreciation first official systematic rates The 2001-02 Mumbai Ready
Historical and economic context (2001–02)
, is the official base year for calculating Long-Term Capital Gains (LTCG) tax on properties acquired before that date Why 2001-02 Rates Matter Today Base for Capital Gains South Mumbai (A Ward): Rates ranged from ₹8,000
Ward-Wise Snapshot (2001-02 vs. Today)
to retrieve these specific 2001–02 figures. Relying on this official rate prevents disputes with tax authorities regarding under-valuation or "black money" transactions, as the government recognizes the Ready Reckoner as the only authentic document for true market value. specific RR rate for a particular locality in Mumbai for that year?
- South Mumbai (A Ward): Rates ranged from ₹8,000 – ₹15,000 per sq. ft. (for prime localities like Nariman Point & Cuffe Parade)
- Western Suburbs (Bandra, Khar): Approx. ₹3,500 – ₹5,500 per sq. ft.
- Central Suburbs (Dadar, Matunga): Approx. ₹3,000 – ₹4,500 per sq. ft.
- Suburban hubs (Andheri, Ghatkopar): Approx. ₹1,800 – ₹2,800 per sq. ft.
- Thane/Navi Mumbai fringe: Below ₹1,000 per sq. ft. in many pockets
Even today, property owners selling old assets must often consult a Government Registered Valuer