Ready Reckoner — 2001-02 Mumbai

by Santosh Kumar and Sunil Gupta cover Mumbai market values from 1980–2001 and specific 2002 editions. Valuation Reports

Historical valuations from the 2001-02 document are routinely subpoenaed in Mumbai civil courts for family partition suits, corporate asset liquidations, tenancy disputes under the Maharashtra Rent Control Act, and bank solvency evaluations. 2001-02 Structural Breakdown: Property Classifications

Finding this document requires persistence—scouring CA libraries, filing RTIs, or requesting old backups from valuation officers. But if you are dealing with a property that was "held" as of April 1, 2001, the tax savings achieved by correctly applying this ready reckoner can run into crores of rupees. ready reckoner 2001-02 mumbai

In the humid summer of 2001, a retired government clerk named Madhav found himself in a dusty corner of a South Mumbai bookstore. He wasn’t looking for a novel; he was hunting for the , specifically the 2001 edition.

Government-approved valuers usually keep physical or scanned archives of old Ready Reckoner tables for legal reporting. Third-Party Publishers: Specialized publications like the Vora Book Shop APCI Group by Santosh Kumar and Sunil Gupta cover Mumbai

Ready Reckoner 2001-02 Mumbai: A Historical Overview of Property Valuation

The remains one of the most critical regulatory benchmarks in Indian real estate history. Established by the Government of Maharashtra’s Department of Registration and Stamps , this specific annual statement of rates serves as the foundational anchor for calculating Long-Term Capital Gains (LTCG) tax and determining the Fair Market Value (FMV) of ancestral and older properties across Mumbai . But if you are dealing with a property

Under the Income Tax Act, the fair market value (FMV) as of April 1, 2001 , is often used to calculate long-term capital gains for properties acquired before that date.

This is a crucial point of nuance for the 2001–02 ready reckoner. While the state government first published a ready reckoner in 2001, its legal authority was not immediately and firmly established in the Bombay Stamp Act, 1958 . This technicality led to significant legal challenges.

: Serving as evidence in family settlements or court cases involving older property titles. Market Context: Mumbai 2001–02

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