Ready Reckoner 200102 Mumbai Top Official

In Maharashtra, the Ready Reckoner Rate (RRR), also known as the Annual Statement of Rates (ASR) or circle rate, is the minimum value set by the government for any property transaction. It acts as a benchmark to prevent the undervaluation of properties, ensuring fair taxation and transparency. Whether you are buying a flat in South Mumbai or a plot in the suburbs, the registration cannot take place below this government-set figure.

The following figures are indicative per square meter rates for residential built-up apartments, collected from public records and expert blogs. For the precise value of a specific C.S. Number or Sub-Zone , you must visit the official IGR e-ASR portal.

The serves as the vital legal baseline for calculating modern long-term capital gains tax on ancestral real estate . Under the Indian Income Tax Act, 1961, properties acquired before April 1, 2001 , must use the fair market value (FMV) as of this baseline date to calculate cost indexation benefits. Because the FMV cannot legally exceed the official government circle rate on this specific date, accessing historic 2001-02 records is a critical priority for property owners, developers, and tax lawyers navigating real estate transactions. ready reckoner 200102 mumbai top

Property prices were significantly lower, and the market was just beginning to regain momentum after the late 90s slowdown.

The Ready Reckoner rate has a significant impact on property transactions in Mumbai: In Maharashtra, the Ready Reckoner Rate (RRR), also

The Ready Reckoner Rate (RRR), also known as the circle rate, is the government-mandated minimum valuation at which property transactions can be legally registered.

The Ready Reckoner system, officially known as the , was far less sophisticated than it is today. While modern rates are often updated annually in March, the 2001–02 period established the "Fair Market Value" (FMV) baseline still used by tax authorities to determine the indexed cost of acquisition. Top Ready Reckoner Rates in 2001-02: Key Areas The following figures are indicative per square meter

Mumbai’s Ready Reckoner is divided into wards, villages, and specific road categories. typically covers:

They act as a rapid reference tool for calculating the minimum market value of a property, ensuring fair revenue collection for the state.