The Ready Reckoner 2001-02 Mumbai was a significant document that had far-reaching implications on the real estate market in Mumbai. Some of the key reasons why the Ready Reckoner was important include:
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: The official website of the Inspector General of Registration and Stamps (IGR) Maharashtra provides an e-ASR (Electronic Annual Statement of Rates) archival feature. ready reckoner 2001-02 mumbai
While the 2001-02 Ready Reckoner was meant to bring transparency, it created three profound, pathological behaviors that define Mumbai today:
In Maharashtra, the Ready Reckoner (RR) rate is the . This is the floor price, below which a property cannot be registered, regardless of the price agreed upon between the buyer and seller. It is a critical figure because stamp duty is calculated on the higher of these two amounts: the agreement value (what the buyer and seller agreed upon) or the Ready Reckoner value. The Ready Reckoner 2001-02 Mumbai was a significant
A property in Borivali valued at ₹1,400/sq. ft in 2001-02 would now have a Ready Reckoner rate of approximately ₹15,000 - ₹20,000/sq. ft.
However, there is a catch. , the taxpayer has a one-time option to use the Fair Market Value (FMV) as of April 1, 2001, as the cost of acquisition. While the 2001-02 Ready Reckoner was meant to
: High-growth boundary zones displaying commercial transitions.
portal often only shows recent years, finding 2001 data typically requires offline or specialized methods:
The state divides the city into administrative sectors split by Cadastral Survey (CS) numbers and City Survey (CTS) numbers. Rates vary substantially across three primary geographic definitions:
It allows investors to analyze the valuation difference in specific localities (like Andheri, Borivali, or Malad) between the start of the 21st century and today. Key Features of Mumbai Property Rates in 2001-02