The (officially known as the Annual Statement of Rates or ASR) serves as the legal gold standard for establishing the Fair Market Value (FMV) of real estate as of April 1, 2001 . Property owners, legal heirs, and tax consultants frequently seek out this specific historical archive. Under Section 55 of the Indian Income Tax Act, 1961, anyone selling a property acquired before April 1, 2001, must use the valuation from this specific 2001–2002 period to compute their Long-Term Capital Gains (LTCG) tax liabilities. Why the 2001-02 Rates Matter Today
: The official website of the Government of Maharashtra or the Mumbai Municipal Corporation might have archives or sections dedicated to property rates, stamp duties, and ready reckoners.
by Santosh Kumar and Sunil Gupta are the standard private reference materials. Registered Valuers ready reckoner 200102 mumbai
Buildings older than 10 years in 2001 typically receive a depreciation discount (e.g., 20% for buildings 11-20 years old).
by Santosh Kumar and Sunil Gupta are often used by professionals as definitive references. Example Valuation (2001) The (officially known as the Annual Statement of
Eligible for massive depreciation rebates.
The 2001-02 publication classifies real estate into five distinct buckets: Ready Reckoner | Mumbai | Thane | Palghar | Raigad | Pune Why the 2001-02 Rates Matter Today : The
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.
A: Generally, no. Parking spaces are often valued separately at a flat rate (usually ₹5 Lakh to ₹10 Lakh for an open car park in 200102), as per the annexure of the RR.