During the 2001–02 financial year, Mumbai's real estate market was drastically different from today's high-rise landscape.
It prevents the undervaluation of property and ensures the state collects appropriate revenue through stamp duty and registration fees.
If you need specific locality rates for 2001–02 to assist with tax planning or legal disputes, consider these sources: ready reckoner 200102 mumbai top
Historical records indicate that the RRR for residential units in Kandivali West was approximately ₹18,000 per sq. meter (built-up area) in 2001.
While modern rates are easily accessible online via the IGR Maharashtra e-ASR portal, historical data like the 2001–02 tables are often only available in physical form or specialized archives. Key Historical Values: 2001–02 Period During the 2001–02 financial year, Mumbai's real estate
The remains a cornerstone document for real estate professionals and property owners, primarily serving as the primary benchmark for calculating Capital Gains Tax and determining Fair Market Value (FMV). Understanding the Ready Reckoner System
The Ready Reckoner Rate (RRR), also known as the circle rate, is the government-mandated minimum valuation at which property transactions can be legally registered. meter (built-up area) in 2001
The 2001–02 period is critical for taxpayers because , is the standard cutoff date for calculating long-term capital gains for properties purchased before that year.
For comparison, current rates in areas like Vashi range up to ₹1,40,100 per sq. meter, highlighting the massive appreciation since the 2001–02 baseline. Why the 2001–02 Rates Still Matter
If a property's actual transaction price is lower than the RRR, stamp duty is still paid based on the higher RRR value.