If the actual sale price is higher than the RR rate, stamp duty is paid on the sale price. If the sale price is lower, stamp duty is levied on the RR rate.
Mumbai is divided into distinct zones and sub-zones (such as Colaba, Andheri, or Borivali), each assigned its own residential, commercial, and industrial RR values. Historical Context of Mumbai Real Estate (2001–2002) ready reckoner 200102 mumbai
: If you sell a property today that was bought before April 2001, you can replace your original purchase price with the 2001 Ready Reckoner rate to reduce your tax liability. Official Benchmark If the actual sale price is higher than