with current 2025/2026 rates for specific areas.
Because actual market data from decades ago is often unrecorded or obscure, the serves as the primary legal evidence to declare that baseline FMV. If you are selling a family property in Mumbai purchased in the 1980s or 1990s, your entire Capital Gains tax liability hinges directly on what the 2001–02 Annual Statement of Rates dictated for your specific zone. Top Micro-Markets and Zones: Then vs. Now Ready Reckoner | Mumbai | Thane | Palghar | Raigad | Pune
🔍 Historical Snapshot: Top Micro-Markets in Mumbai (2001-02) Ready Reckoner 2001 Mumbai - Google Groups
Ready Reckoner 2001-02 Mumbai: A Top-Down Look at Real Estate Valuation
In a significant move for the upcoming fiscal year, the Maharashtra government has decided to keep the Ready Reckoner rates unchanged for 2026-27. This decision was made considering a slowdown in the real estate sector and a drop in revenue collection from stamp duty and registration. Revenue Minister Chandrashekhar Bawankule noted that industry bodies such as CREDAI had urged the government to maintain the status quo on RR rates. This decision is expected to provide much-needed stability to the real estate sector during challenging times, especially as developers grapple with rising raw material costs and supply chain disruptions. ready reckoner 200102 mumbai top
This is a critical data point for anyone transacting in Kandivali East. As of the latest revision (typically effective April 1st of each year, with 2023-24 or 2024-25 being the most recent), the rates in this zone range from moderate to high for the suburbs. However, the "Top" rate here usually applies to prime road-facing properties (e.g., near Thakur Village , Lokhandwala Complex Road , or Western Express Highway ), which can command rates 10-20% higher than internal streets.
It serves as a baseline for calculating the "Indexed Cost of Acquisition" for tax purposes.
Ready Reckoner rates in Mumbai are not uniform across the city. They are divided into roughly 19 divisions or zones . Factors influencing these rates include: Ready Reckoner | Mumbai | Thane | Palghar | Raigad | Pune
: For sellers, the RR rate determines the "deemed value" of the sale for calculating Capital Gains Tax under the Income Tax Act. with current 2025/2026 rates for specific areas
: Municipal corporations in Mumbai use these rates as a basis for capital-value-based property tax systems. L&T Realty 2. Historical Significance of the 2001–02 Rates
Several infrastructure projects will likely keep the rates climbing:
The year 2001 acts as a crucial line of demarcation for the Indian Income Tax Department. For any asset acquired prior to , the government allows property owners to adopt the Fair Market Value (FMV) as of April 1, 2001, as their original cost of acquisition.
The 2001 system established the framework still used today, dividing Mumbai into: ready reckoner book 2024-2025 - Consumer Resources Top Micro-Markets and Zones: Then vs
In the RR document, each zone has multiple rate categories based on:
Data compiled from Ghar TV analysis of official RRR figures.
The 2001–02 rates are primarily used today to determine the "cost of acquisition" for properties purchased before April 2001. This allows taxpayers to adjust for inflation using the Cost Inflation Index (CII) when selling a property.
When selling an old ancestral or legacy property acquired before April 1, 2001, property owners cannot use the original purchase price (which might date back to the 1970s or 1980s) to calculate capital gains. The Income Tax Department mandates that the Fair Market Value as of April 1, 2001 , must be adopted as the deemed cost of acquisition.
📍 For the 2025-26 fiscal year, Mumbai saw a modest average increase of 3.39% to 3.4% in RR rates. 💡 Practical Application of Ready Reckoner