Ready Reckoner 2001-02 Mumbai

The Ready Reckoner (RR) for 2001–02 in Mumbai is a critical historical benchmark used primarily for Capital Gains Tax calculations and property valuations. It establishes the "Fair Market Value" (FMV) as of April 1, 2001, which serves as the base cost for properties acquired before that date. Key Functions & Importance

3. The Chartered Accountant Network

Most practicing CAs in Mumbai who handle legacy property matters maintain a personal library of Xeroxed/PDF copies of old Ready Reckoners. If you cannot find it online, a CA who has been in practice since the 1990s will have a copy. ready reckoner 2001-02 mumbai

Limitations and caveats

• Guideline, not gospel: Actual transaction prices often diverged—especially in opaque or high-demand micro-markets—due to under-invoicing, premium/negotiation, or unaccounted amenities.
• Granularity: Even well-detailed tables can’t capture micro-location nuances (view, floor, internal condition, legal title issues).
• Inflation and structural change: Values from 2001–02 must be adjusted carefully for inflation, structural improvements, policy changes, and shifts in transport/amenities when used for comparison.

Let’s take a quick look back at the Ready Reckoner (RR) rates for 2001-02 – the benchmark circle rates set by the Maharashtra government for stamp duty and registration. The Ready Reckoner (RR) for 2001–02 in Mumbai