The Ready Reckoner 2001 for Mumbai serves as a guideline for stamp duty and registration charges on property sales, transfers, and lease agreements during that calendar year. It is a government-published report detailing the minimum selling price of immovable property (land, residential, commercial) in various zones and sub-zones of Mumbai.
The Inspector General of Registration and Controller of Stamps (IGR Maharashtra) publishes these rates annually. ready reckoner mumbai 2001 pdf
The Income Tax Department mandates that the FMV claimed as of 1st April 2001 cannot exceed the stamp duty value or the official ready reckoner rate declared by the state government for that year. The Ready Reckoner 2001 for Mumbai serves as
In 2001, ready reckoner rates were often significantly lower than the actual market value. This creates a favorable "cost of acquisition" for today’s sellers when indexed for inflation. The Income Tax Department mandates that the FMV
Recommended steps:
Many slum rehabilitation and old building redevelopment projects initiated in the early 2000s reference the 2001 RR to determine the "then value" of the land for sharing ratios between landlords and developers.