The Ready Reckoner rates for 2001-02 (which came into effect largely based on the market situation as of April 1, 2001) are legally accepted as the FMV. Therefore, if you own a ancestral property in Dadar or a bungalow in Bandra that was bought in 1995, the is the document that determines your tax liability today.
This review focuses on its purpose, key rate zones, implications for property transactions, and how it compares to the modern system. ready reckoner 2001-02 mumbai
📍 Always ensure you are looking at the specific Zone and Sub-Zone (Chain Number) for your property, as rates in Mumbai can change significantly from one street to the next. If you'd like, I can help you: Find the Cost Inflation Index (CII) for a specific year. Explain how to calculate Capital Gains using these rates. The Ready Reckoner rates for 2001-02 (which came
If you are dealing with a property that was registered in 2001–02 or need historical RR data for (e.g., inherited property sold now): 📍 Always ensure you are looking at the
Under the Income Tax Act, when you sell a property purchased before 2001, you have two options to calculate the "Cost of Acquisition":