The is a vital historical property valuation matrix used to determine the base fair market value of real estate across Mumbai. This specific archive serves as the baseline for calculating Long-Term Capital Gains (LTCG) taxes under the Income Tax Act. It prevents property misvaluation and establishes legal baselines for real estate transactions spanning generations.
A ready reckoner lists standard property (land and building) values used by municipal and state authorities to compute stamp duty and registration charges for property transactions. The 2001–02 Mumbai ready reckoner (often titled “Ready Reckoner 2001-02 — Greater Bombay / Mumbai”) provides base per-square-foot values for different zones, localities, and land-use categories for that fiscal year. ready reckoner 200102 mumbai top
The 2001-02 Ready Reckoner rates had both positive and negative effects on Mumbai's real estate market: The is a vital historical property valuation matrix
: Under Section 50C of the Income Tax Act, if a property's sale price falls below its registered 2001 FMV, the tax department can treat the Ready Reckoner value as the actual sale price for tax calculations. Top Mumbai Localities & Historical Valuation Trends A ready reckoner lists standard property (land and
| Category | Rate per sq. ft. (approx.) | Typical Location | | :--- | :--- | :--- | | Top Residential (Main Road) | ₹25,000 - ₹30,000 | Thakur Village main road facing | | Mid Residential (Internal) | ₹18,000 - ₹22,000 | Inside Thakur Complex lanes | | Top Commercial (Main Road) | ₹45,000 - ₹55,000 | Shops on Western Express Highway |
recorded the highest RR rates due to their status as central business hubs.
: Adjusting the base purchase price against inflation using the Cost Inflation Index (CII).