Ready Reckoner - 2001-02 Mumbai !!top!!

During the 2001–02 period, Mumbai's real estate landscape was vastly different from today's high-rise dominance. Pricing Benchmarks

who can officially certify the 2001 value based on government data. Key Considerations for Mumbai Property

Note: Exact rates vary by specific building and road width, but the following are representative averages per square foot for Residential (R) and Commercial (C) properties. ready reckoner 2001-02 mumbai

The remains one of the most critical regulatory benchmarks in Indian real estate history. Established by the Government of Maharashtra’s Department of Registration and Stamps , this specific annual statement of rates serves as the foundational anchor for calculating Long-Term Capital Gains (LTCG) tax and determining the Fair Market Value (FMV) of ancestral and older properties across Mumbai .

In 2001-02, the prime areas of South Mumbai (Walkeshwar, Altamount Road, Malabar Hill) were clocked at roughly (approx Rs. 1,400 to 2,300 per sq ft). Suburbs like Bandra were around Rs. 8,000 per sq meter (Rs. 740/sq ft). Distant suburbs like Borivali were a mere Rs. 1,500 per sq meter (Rs. 140/sq ft). During the 2001–02 period, Mumbai's real estate landscape

While using the 2001-02 ready reckoner is legally sound, be aware of the following:

While Maharashtra officially uses the term Ready Reckoner , the function is identical to the Circle Rate concept found in other Indian states. For the 2001-02 period, these rates varied dramatically within the city limits. Even then, areas like attracted exceptionally high RR rates due to their excellent connectivity and proximity to the central business district (CBD). The remains one of the most critical regulatory

Consult specialized books, such as those documenting "Valuation for Capital Gain Tax in Mumbai as on 1-4-2001" 5.2.1.

Once you have the rate per square meter, you calculate the base market value by multiplying it by the built-up area of your property in square meters. The ready reckoner specifies that you must use the built-up area, not the carpet area or super built-up area.