The Ready Reckoner rate acts as a regulatory benchmark to prevent tax evasion through the under-reporting of property transaction values.
Rates are in for residential properties. Note: Commercial rates are ~2–2.5x residential rates.
Historical reports indicate that construction rates for certain areas like Kandivali West in 2001 were approximately ₹5,500 per sq. mt. on Built-Up Area (BUA). Current Resources ready reckoner 200102 mumbai
| Category | Per Sq. Ft. Rate (₹) – Illustrative | Land Use | | --- | --- | --- | | Residential (Building) | 45,000 – 85,000 | Dependent on road width, proximity to station/airport | | Residential (Land) | 1,10,000 – 1,50,000 | Open plot rates are higher than constructed building | | Commercial (Shops/Offices) | 1,20,000 – 2,10,000 | Main roads like Nehru Road, S.V. Road | | Industrial | 40,000 – 70,000 | Limited to specific pockets |
If you actually buy the flat for ₹1.5 Crore (because market rate > RR rate), the stamp duty is calculated on ₹1.5 Crore—whichever is higher. The Ready Reckoner rate acts as a regulatory
: Transactions cannot be legally registered below the government-fixed RR rate for that specific year, which ensures a minimum revenue floor for stamp duty and registration fees. How to Find Historical 2001-02 Rates
: It is primarily used to calculate Stamp Duty and Registration Fees ; transactions cannot legally be recorded below this rate. Current Resources | Category | Per Sq
This decision, announced on March 31, 2024, marked the fourth consecutive year without a hike, a move largely welcomed by real estate developers and industry bodies like NAREDCO and CREDAI, who argued that a hike would have increased the cost burden on homebuyers. The government cited the achievement of its revenue targets as a reason for this stability.
: Sellers use the 2001 baseline to replace archaic purchase costs, preventing heavy tax liabilities caused by decades of inflation.
In the bustling real estate landscape of Mumbai, the , also known as the Circle Rate , is the government-prescribed minimum valuation of a property. For anyone looking to buy, sell, or register property in the 200102 postal zone, understanding this document is not optional—it is mandatory.