Ready: Reckoner 2001-02 Mumbai

Compared to today’s astronomical figures, 2001 rates were a fraction of current market values, making it a "golden era" for long-term investors. Why 2001-02 Rates Matter Today

In the sprawling metropolitan landscape of Mumbai, where real estate prices often defy the laws of gravity, the (also known as the Annual Statement of Rates or ASR) serves as the government's definitive guide to property valuation. Published annually by the Maharashtra State Government’s Department of Registration and Stamps, this document dictates the minimum property values for the payment of stamp duty and registration fees. ready reckoner 2001-02 mumbai

| Area (Ward/Zone) | Rate per sq. ft. (2001-02) | Current Context (2025 approx.) | | :--- | :--- | :--- | | - Nariman Point, Fort | ₹ 15,000 - 20,000 | ₹ 3,50,000 - 4,50,000 | | Cuffe Parade | ₹ 12,500 | ₹ 3,00,000 | | Tardeo / Nana Chowk | ₹ 8,000 - 10,000 | ₹ 2,25,000 | | Dadar (West) | ₹ 4,500 - 5,500 | ₹ 1,50,000 | | Bandra (West) | ₹ 5,000 - 6,500 | ₹ 2,00,000 | | Khar / Santacruz (West) | ₹ 4,000 - 5,000 | ₹ 1,60,000 | | Andheri (West) - Juhu | ₹ 3,500 - 4,500 | ₹ 1,70,000 | | Andheri (East) - Marol | ₹ 1,200 - 1,800 | ₹ 80,000 - 90,000 | | Borivali (West) | ₹ 1,100 - 1,500 | ₹ 50,000 - 55,000 | | Thane (West) | ₹ 600 - 800 | ₹ 25,000 - 30,000 | | Navi Mumbai (Vashi) | ₹ 800 - 1,000 | ₹ 45,000 - 50,000 | Compared to today’s astronomical figures, 2001 rates were

Published by the Inspector General of Registration (IGR) and Stamps Department, the Ready Reckoner acts as a safety net for the government to ensure it collects adequate revenue through Stamp Duty and Registration Fees. Even if a property is sold for a lower price, the transaction cannot be registered for a value lower than the Ready Reckoner rate. | Area (Ward/Zone) | Rate per sq

To understand why the is still discussed today, one must look at the economic climate of the time.

The serves as a foundational benchmark in Indian real estate and taxation. While primarily a tool for calculating stamp duty, its specific rates from 2001 hold unique legal significance for long-term capital gains tax calculations. Historical Context and Purpose