The for 2001-02 in Mumbai serves as a critical historical benchmark for property valuation, primarily used for calculating Capital Gains Tax under the Income Tax Act, 1961. While modern rates are easily accessible online, finding these specific values for the 2001-02 period often requires navigating through offline archives or specialized physical publications. Understanding the 2001-02 Benchmark
For a property purchased or transferred in 2001-02, these rates serve as the government’s benchmark to prevent under-valuation of stamp duty.
The 2001-02 rates came at a fascinating time. The Mumbai market had recently emerged from a significant slump in the late 1990s. Prices had corrected heavily from the 1995 peak, and the market was stabilizing.
Note: If the property was purchased after April 1, 2001, but before March 31, 2002, the actual purchase price or the 2001-02 RR rate (whichever is higher) may be referenced. 2. Legal Disputes and Inheritance
The Ready Reckoner rates for 2001-02 are historical government data. For current property registration or legal disputes involving valuation from this period, always consult a certified legal professional or the Inspector General of Registration (IGR), Maharashtra.
Ready Reckoner 2001-02 Mumbai: A Historical Guide to Property Valuation
By referencing the 2001-02 benchmarks, stakeholders can measure the exponential growth of Mumbai’s real estate market from a more accessible era to the high-value market of 2026.
If you'd like to explore how these historical rates differ from current market conditions, I can help you find: Specific in Mumbai.
For the fiscal year 2001-02, the stamp duty calculation structure was as follows: