Stamp Duty Ready Reckoner & Market Value of Properties in Mumbai 1980-2001
: According to Section 50C and related clauses, the Fair Market Value adopted as of April 1, 2001, cannot exceed the official Stamp Duty Ready Reckoner rate of that property for the 2001–02 period.
However, the number can be logically interpreted. The combination suggests the financial year . This is a crucial timeline because it refers to the historic valuation dataset that some individuals may need for legal cases, inheritance disputes, or old property registration reconciliations. If you are looking for a specific property or survey number from that year, you would need to search using the taluka and village names (e.g., "Mohili 2001-02" or "Kole Kalyan 2001-02") rather than a five-digit code. ready reckoner 200102 mumbai
Assumptions:
If you are dealing with property in (which broadly corresponds to parts of Vile Parle East, Vile Parle West, and adjoining areas near the domestic airport), understanding the specific Ready Reckoner values for the year 200102 (interpreted here as either a typographical emphasis on the zone code or a reference to historical data from the early 2000s—though as of current records, RR is updated annually) is critical for accurate financial planning. Stamp Duty Ready Reckoner & Market Value of
Accessing the ready reckoner rates from over two decades ago is significantly more difficult than finding today’s rates. The state government’s official portals primarily focus on the current fiscal year and a limited number of past years. However, there are third-party archives that have preserved some of this historical data, which can be invaluable for legal verification or historical analysis.
Older buildings and deep interior lanes have slightly lower circle rates. This is a crucial timeline because it refers
The PIN code predominantly covers Malad (West) , specifically the upscale Lokhandwala Complex, Marve Road, Link Road, and the Evershine Nagar areas. As of the latest revision (currently valid until March 31, 2024, with annual updates expected in April), the rates in this zone vary significantly based on the specific road, building age, and usage (residential vs. commercial).
: Historical valuations in Mumbai were predominantly assessed using Built-Up Area (BUA) calculations rather than modern Carpet Area metrics.
Assume: 1 BHK apartment, 600 sq.ft., in a suburban locality with ready reckoner residential rate = Rs. 2,000 per sq.ft. (2001–02).
Consequently, finding the exact historic value from the 2001–02 guide is mandatory to prevent tax overpayments or penalties during a modern-day sale. The Role of the Ready Reckoner in Property Transactions