Ready Reckoner 200102 Mumbai Extra Quality Info

period—historically significant as it set the base for many long-term capital gains calculations—these rates were essential for determining the minimum taxable value for stamp duty and registration.

6) Example calculation (worked)

Assume: base residential rate (2001–02) for locality X = Rs. 3,200/sq.ft.; Extra Quality shown as +20%; area = 1,000 sq.ft.

Critical Warning: Even if you buy the property at ₹70 Lakhs, the government will charge stamp duty on ₹48.30 Lakhs (the adjusted RR value) because it is the higher of the two. ready reckoner 200102 mumbai extra quality

The Stamp Duty Ready Reckoner (also known as the Annual Statement of Rates or ASR) for the year 2001-02 is a critical reference guide used to determine the minimum government valuation of properties in Mumbai as of April 1, 2001. This specific date is essential for income tax purposes, particularly for calculating long-term capital gains based on the Fair Market Value (FMV). Key Details of the 2001-02 Guide

During the 2001–2002 period, the Maharashtra government utilized the Annual Statement of Rates (ASR) period—historically significant as it set the base for

on a built-up area basis, while land rates in the same village were roughly ₹18,000 per sq. meter L&T Realty How to Access Historical 2001–02 Data

Applicability: This category is distinct from standard "RCC" (Reinforced Cement Concrete) structures, which were the baseline for most Mumbai residential buildings in 2001. Key Factors for Mumbai 2001–02 Valuation Open Land: No construction

1. Open Land: No construction.
2. Ordinary Quality: Basic construction (Kutcha or semi-pucca).
3. Medium Quality: Standard residential buildings with basic amenities.
4. Extra Quality (High Quality): Premium construction.

Rates vary significantly between residential flats, commercial shops, industrial units, or open land. Locate the Sub-Zone: