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Ready Reckoner 2001-02 Mumbai

The (historically compiled in the Annual Statement of Rates) serves as the primary legal and financial benchmark for determining the Fair Market Value (FMV) of real estate as of April 1, 2001 . This specific historical financial window is critical for taxpayers, chartered accountants, and property valuers evaluating Long-Term Capital Gains (LTCG) tax liabilities under Section 55 of the Income Tax Act. Because April 1, 2001, stands as the universal statutory cutoff date for properties acquired prior to that year, the 2001–02 valuation guidelines act as an essential baseline for Indian tax planning. The Financial Importance of April 1, 2001

The first ready reckoner was published in Maharashtra on to standardize property valuations, combat underreporting of property values, and ensure the correct collection of stamp duty and registration fees. It was a revolutionary step to bring transparency to real estate transactions, which had often been plagued by undervaluation through under-the-table cash payments. ready reckoner 2001-02 mumbai

As an outdated document, the 2001-02 Ready Reckoner is not typically available on the active IGRN Maharashtra website. The (historically compiled in the Annual Statement of

and zones, historical data points for the 2001 era in the Mumbai region include: CBD Belapur: Approximately ₹14,050 per sq. meter for residential built-up area. Construction Rates: The Financial Importance of April 1, 2001 The