Ready Reckoner Rate Mumbai 2001 =link=
Is this data needed for a (Fair Market Value as of 2001)?
Rates per square foot (sq. ft.) are approximations based on the standard conversion (1 sq. m. = 10.764 sq. ft.). Values have been rounded for clarity.
When selling an ancestral property acquired before April 1, 2001, taxpayers must calculate the Fair Market Value (FMV) as of April 1, 2001, to determine their cost of acquisition under Section 55 of the Income Tax Act. The 2001 Ready Reckoner rate acts as the official baseline legal proof for this valuation.
Would you like a sample RTI application format to request 2001 RR rates from the Maharashtra government?
This history of peaks and pauses demonstrates that the RRR is not a static document but a dynamic tool. The 2001 edition was the first page of this evolving story. ready reckoner rate mumbai 2001
: ₹9,000 to ₹15,000 per sq. ft. Byculla / Dadar : ₹4,000 to ₹6,500 per sq. ft. Western Suburbs Bandra (West) : ₹5,000 to ₹7,500 per sq. ft. Andheri (West) : ₹3,000 to ₹4,500 per sq. ft. Borivali : ₹1,800 to ₹2,500 per sq. ft. Eastern Suburbs Ghatkopar : ₹2,000 to ₹3,200 per sq. ft. Mulund : ₹1,500 to ₹2,300 per sq. ft.
Securing the complete schedule of RRR from 2001 is challenging today, as the data is not readily archived online. However, by piecing together historical trends and expert commentary, we can reconstruct a reliable picture. The rates for the year 2001 were in a phase of relative stability, increasing only nominally each year in the early 2000s.
The 2001 Ready Reckoner rate of Mumbai is not just a number — it is a of a city before the skyscrapers, before the metro, before the real estate financiers. It captured the last year when Mumbai’s property market was still “affordable” by today’s standards — a 1,000 sq. ft. flat in Andheri had an RR value of just ₹15 lakh, less than a luxury car today.
To understand the 2001 rates, it helps to look at the real estate environment of Mumbai at the turn of the millennium. The market was recovering from a major mid-90s stagnation, and infrastructure booms like the Bandra-Worli Sea Link were only just beginning. Is this data needed for a (Fair Market Value as of 2001)
This article provides a deep dive into the historical context, the legal significance of the 2001 rates, and how to retrieve this data for practical use.
For any property purchased, built, or inherited prior to , tax laws allow the owner to substitute the actual historical purchase price with the property's Fair Market Value (FMV) as of April 1, 2001 . 2. The Indexation Advantage
While official government PDFs for 2001 are rarely hosted on modern portals like IGR Maharashtra , historical valuation reports provide snapshots of rates from that era: Locality (Mumbai) 2001 Estimated RR Rate (per sq. mt. BUA) C.B.D. Belapur Kandivali (with 20% depreciation)
In 2001, the Ready Reckoner was a physical booklet (updated annually) published by the . Unlike the digital GIS-mapped system of 2025, the 2001 rate was calculated based on: Values have been rounded for clarity
, is the golden number needed to calculate Capital Gains Tax and determine Fair Market Value (FMV). The Role of the 2001 Ready Reckoner In Mumbai, the Ready Reckoner—officially known as the Annual Statement of Rates (ASR)
The 2001 reduction was specifically aimed at stimulating a depressed market by lowering the barrier for property registration. Why 2001 Rates Matter Today
: Registered valuers maintain extensive physical books or private digital archives of historic publications, such as the Stamp Duty Ready Reckoner & Market Value of Properties in Mumbai 2001 published by organizations like the Architects Publishing Corporation of India .