The serves as the definitive financial benchmark used to determine the Fair Market Value (FMV) of properties acquired on or before April 1, 2001. Under India’s Income Tax Act, this specific historical rate forms the baseline for calculating Long-Term Capital Gains (LTCG) tax liabilities during property sales. Because the baseline year for property cost indexation was amended by the government from 1981 to 2001, knowing how to find and apply the 2001 rates is critical for property owners, tax practitioners, and legal valuers across Maharashtra. Why the 2001 Ready Reckoner Rate Matters Today
Because 2001 data is considered historical, it is not usually available on modern digital portals like the Maharashtra eASR . You can typically source this information through: Visiting the local Sub-Registrar Office where physical books of older RR tables are maintained.
| Area | Ready Reckoner Rate (2001) | | --- | --- | | South Mumbai | ₹ 1,20,000 - ₹ 2,50,000 per sq. meter | | North Mumbai | ₹ 30,000 - ₹ 80,000 per sq. meter | | Western Suburbs | ₹ 40,000 - ₹ 1,20,000 per sq. meter | | Eastern Suburbs | ₹ 30,000 - ₹ 90,000 per sq. meter |
The 2001 market data remains highly relevant for property owners, legal heirs, and tax consultants due to specific financial regulations. 1. Capital Gains Tax and Income Tax Act
Stamp Duty Ready Reckoner & Market Value of Properties in Mumbai 1980-2001
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As the real estate market in Mumbai continues to evolve, it is likely that the Ready Reckoner Rate will undergo further changes. Buyers and sellers must stay informed about the current rates and any proposed changes to make informed decisions.
In 2001, the trans-harbor link was still a distant dream. Vashi and Belapur were developing, but RR rates were significantly lower than Mumbai proper, often between ₹1,500 to ₹3,500 per sq. meter .
The base RR rate for 2001 was approximately ₹18,000 per sq. mt. on Built-Up Area (BUA).
The Maharashtra government officially issued its . This was a pioneering move in the state's real estate regulatory framework. For the first time, the state defined a clear, location-based, and objective valuation mechanism for its vast and varied property landscape. The rates for 2001 were determined using the methodologies of the time, aiming to capture a fair, though often conservative, estimate of market values.
