Ready Reckoner Rate Mumbai 2001 Jun 2026

Property values in 2001 reflect a completely different era of Mumbai’s real estate market. Rates are calculated per square meter of Built-Up Area (BUA) and vary significantly by micro-market.

Also known as the Annual Statement of Rates (ASR), the Ready Reckoner Rate is the minimum value set by the Maharashtra government for a property in a given locality. Its primary purpose is to establish a baseline for stamp duty, which is the tax paid on the transfer of property ownership. Historically, this duty was paid on the value stated in the sale agreement, a system prone to widespread under-reporting, costing the state significant revenue. The 2001 notification was the government's definitive answer to this practice, creating a standard reference point that must be paid upon, regardless of a lower price stated in a private agreement. ready reckoner rate mumbai 2001

Here is a comprehensive guide to the 2001 Ready Reckoner rates in Mumbai, their historical context, computation, and long-term impact on property valuation. 1. The Context of Mumbai Real Estate in 2001 Property values in 2001 reflect a completely different

Many ongoing litigation cases regarding family inheritance, tenancy rights (under the Bombay Rent Control Act), and stamp duty shortfalls date back to transactions executed around 2001. The historical ASR registry serves as the ultimate legal proof of value. How to Find Official 2001 RR Rates Its primary purpose is to establish a baseline

File an RTI application with the or the concerned SRO in Mumbai. Ask for: "Certified copy of the Ready Reckoner rates for [Village/Ward Name], Mumbai, for the financial year 2001-02." You will typically receive a scanned photocopy of the original circular.