: The state government kept the 2001 RR rates relatively conservative to stimulate transactions after a period of sluggish sales. Why the 2001 Ready Reckoner Rate Matters Today
To help narrow down the exact historical details for your property, let me know:
While modern rates in South Mumbai can exceed ₹7 lakh per square meter, the 2001 figures reflect a vastly different era of the city's growth. Locality (Village) 2001 Rate (Approx. per Sq. Mt. BUA) Kandivali West CBD Belapur General Construction ₹5,500 (standard rate for new builds in 2001) How to Find Historic 2001 Rates Unlike current rates available on the IGR Maharashtra Portal
: Approximately ₹14,050 per sq. meter on a BUA basis. ready reckoner rate mumbai 2001
Areas like Kandivali, Borivali, and Andheri were still witnessing growth, with lower-density residential projects.
Under the , when you sell a property bought before 2001, you have a unique option: Use the Fair Market Value (FMV) as of April 1, 2001 instead of the actual purchase price. The 2001 Ready Reckoner rate is the primary evidence accepted by the Income Tax Department to establish this FMV.
Because 2001 data is considered historical, it is not usually available on modern digital portals like the Maharashtra eASR . You can typically source this information through: Visiting the local Sub-Registrar Office where physical books of older RR tables are maintained. : The state government kept the 2001 RR
The (Residential flat, commercial shop, or open plot).
To give you an idea of the market at that time, historical records for specific areas show varied rates. For instance:
If you are selling an ancestral property or one purchased before April 2001, the 2001 RR rate serves as your "cost price" for tax purposes. By using a higher 2001 valuation (the FMV), you can significantly reduce your capital gains tax liability when selling the property in today's market. apci group Further Exploration per Sq
: Physical copies are maintained at local registration offices in Mumbai. Government Approved Valuers
: Visit the local Sub-Registrar’s office or the valuation department where the older "Bazaar Mulyankan Takta" books are archived in physical form.
The 2001 valuation figures are not just historical data; they serve important legal and financial purposes today. 1. Capital Gains Tax Calculations
The Income Tax Department mandates that the claimed FMV as of April 1, 2001, of that property in 2001. Consequently, finding the exact 2001 RRR is the absolute first step in computing a property's legal tax liability. How to Find the 2001 Mumbai Ready Reckoner Rate
, the 2001 tables are largely preserved in physical archives. To retrieve them, citizens typically:
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