Physical copies of 2001 "Annual Statement of Rates" books are kept at the office of the Sub-Registrar or the valuation department.
: By law, the FMV used for tax purposes cannot exceed the official stamp duty valuation (Ready Reckoner rate) as of April 1, 2001. ready reckoner rate mumbai 2001
For properties bought before 2001, the FMV as of April 1, 2001, replaces the original purchase price for capital gains calculations. Ready Reckoner 2001 Mumbai - Google Groups Physical copies of 2001 "Annual Statement of Rates"
The rates below are derived from historical valuation reports and specialized publications: 2001 Rate (approx. per sq. mt. BUA) Used as a basis for 2001 property valuations CBD Belapur From historical valuation reports for flats Vashi ₹12,000–₹15,000 Typical range for prime Navi Mumbai residential units South Mumbai ₹40,000+ High-end areas like Nariman Point were significantly higher Ready Reckoner 2001 Mumbai - Google Groups The
To give you an idea of the market at that time, historical records for specific areas show varied rates. For instance:
In Mumbai, the Ready Reckoner Rate for 2001 was introduced by the Maharashtra government to curb black marketing and tax evasion in property transactions. The rates were fixed based on the location, type of property, and other factors.