2001 [updated]: Ready Reckoner Rate Mumbai

The Ready Reckoner (RR) Rate for Mumbai in 2001 is a critical historical benchmark used primarily for calculating Capital Gains Tax. Following the Finance Act of 2017, the base year for calculating the Fair Market Value (FMV) of properties acquired before April 1, 2001, was shifted from 1981 to 2001. Why the 2001 Rate Matters Today

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. ready reckoner rate mumbai 2001

Ready Reckoner Rate Mumbai 2001 - Some Sample Rates The Ready Reckoner (RR) Rate for Mumbai in

The introduction of the Ready Reckoner Rate in 2001 had a significant impact on the Mumbai property market. It helped to: Ward A (Colaba, Fort): ~Rs 12,000–15,000/sq ft (highest

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:  Physical Records: Visiting the local Sub-Registrar Office where physical books of older RR tables are maintained.

• Ward A (Colaba, Fort): ~Rs 12,000–15,000/sq ft (highest in city)
• Ward B (Sandhurst Road, Byculla): ~Rs 3,000–4,000
• Ward F/N (Parel, Lower Parel): ~Rs 1,200–1,800 (industrial conversion hadn’t yet boomed)
• Ward H/W (Bandra West, Khar): ~Rs 1,200–1,500
• Ward K/E (Andheri East, Saki Naka): ~Rs 400–550
• Ward R/C (Borivali, Kandivali West): ~Rs 280–400

Based on archival studies, old government circulars, and historical valuation reports, here is a review of the characteristics and approximate ranges of the 2001 Ready Reckoner rates for Mumbai.

In 2001, the Mumbai real estate market faced significant challenges, leading the state government to reduce RR rates—a rare move compared to the typical annual increases. These rates were designed to: