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: Rates for flats in this area were recorded at roughly ₹14,050 per sq. mt. on BUA. How to Find Your Property's 2001-02 Rate
Includes add-ons for specific features, such as a 10% increase for the presence of a lift in older buildings. Usage & Availability
The . This was a revolutionary step in the state's real estate regulatory framework. ready reckoner 2001-02 mumbai
: The RR rate for residential units in village Kandivali West was approximately ₹18,000 per sq. mt. on built-up area (BUA) in 2001.
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 . : Rates for flats in this area were
These government-determined rates serve as the baseline for calculating stamp duty, registration charges, and capital gains tax for property transactions executed during that specific period. Why the 2001–02 Rates Matter Today
The 2001–02 historical documentation holds profound legal and financial weight for property owners and tax professionals due to the following functions: 1. Capital Gains Tax Assessment How to Find Your Property's 2001-02 Rate Includes
Following the property boom of the mid-90s, the market was navigating a correction phase.
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).
For the uninitiated, the Ready Reckoner is a government-published guideline value (or circle rate) for properties across different zones in a city. It serves as the minimum price at which a property can be registered. In 2001-02, before the digitization of land records became widespread, the Ready Reckoner was a physical book—a lifeline for brokers, lawyers, and investors trying to calculate stamp duty and market values.