Ready Reckoner 200102 Mumbai Jun 2026

A new interface will open. You will need to input:

Securing the matching Index 2 document from that era will help verify that your property parameters perfectly align with the regulatory classifications used in the 2001–02 state assessments.

Consult a registered valuer or a local property lawyer to confirm the applicable Ready Reckoner rate for your specific property in code 200102 before signing any sale deed.

. Controlled by the Department of Registration and Stamps, Government of Maharashtra , this historical data registry is essential for legal professionals, real estate investors, and property owners calculating Long-Term Capital Gains (LTCG) tax. ready reckoner 200102 mumbai

This division encompasses the historic financial core, including localities like Colaba, Nariman Point, Fort, Malabar Hill, and Byculla. The 2001–02 rates for this sector were the highest in the state, reflecting its premium status, limited land availability, and colonial heritage landmarks. 2. Mumbai Suburban District (Western & Eastern Suburbs)

Under the Income Tax Act, if a property was acquired before April 1, 2001, the taxpayer can opt for the FMV as of this date as their cost of acquisition. Pagdi/Tenancy Adjustments: Pagdi units

The latest revision for the 2025-26 fiscal year saw a general status quo or negligible increase in Mumbai, contrasting with sharper hikes in other parts of Maharashtra. A new interface will open

It is important to note that the Ready Reckoner rate is distinct from the market rate. The RR is usually lower than the actual market price. Yet, in 2001-02, as the city was recovering from a real estate slump that had plagued the late 90s, the Reckoner rates served as a stabilizing force. They offered a "floor" to the market, preventing values from collapsing artificially and providing investors with a sense of security regarding the minimum asset value.

– Even if you buy a flat for ₹3 crore, stamp duty is charged on the higher of the agreement value or the RR value. In Vile Parle, RR rates are often close to market rates, so underestimating can lead to penalties.

Property cannot legally be registered below this government-set value [1]. The 2001–02 rates for this sector were the

If a property is sold below its designated ASR value, stamp duty is still legally calculated on the higher Ready Reckoner rate to prevent tax evasion through undervalued transactions.

The city of Mumbai has long been characterized by its vertical growth and the astronomical value of its land. In this complex real estate ecosystem, transparency and taxation have always been contentious issues. The term "Ready Reckoner 2001-02 Mumbai" refers to a specific historical pivot point in the city's property history—the introduction and consolidation of the state government’s "Stamp Duty Ready Reckoner." This document, effectively a government-approved rate card for properties across the city, revolutionized how real estate was bought, sold, and taxed in the financial capital of India.

These rates serve as the basis for calculating stamp duty under the Maharashtra Stamp Act. 2. Importance of the 2001-2002 Ready Reckoner Rates