Ready Reckoner 200102 Mumbai ((new))

The for Mumbai, also known as the Annual Statement of Rates (ASR) , is the government-fixed minimum price for property registration and stamp duty calculation in a specific area. In Mumbai, these rates are revised annually by the Maharashtra State Government. Key Market Rates for Mumbai (2025-2026)

Buildings older than 10 years in 2001 typically receive a depreciation discount (e.g., 20% for buildings 11-20 years old). ready reckoner 200102 mumbai

The Ready Reckoner of 2001-02 provided a comprehensive, zone-wise breakdown of property rates across Mumbai. The city was divided into various zones and sub-zones, with the government assigning a specific rate per square meter (or square foot) of land or built-up area for each zone. This was a radical departure from the ambiguous valuations of the past. For the first time, there was a published, accessible standard that dictated the minimum value of a property. If a property was sold below the RR rate, the Stamp Office would still charge duty based on the Ready Reckoner value, effectively closing the loophole for undervaluation. The for Mumbai, also known as the Annual