The 2001 valuation figures are not just historical data; they serve important legal and financial purposes today. 1. Capital Gains Tax Calculations
: Visit the local Sub-Registrar’s office or the valuation department where the older "Bazaar Mulyankan Takta" books are archived in physical form.
| Locality / Ward | Zone Type | 2001 RR Rate (₹ per sq. metre) | Approx. ₹ per sq. ft. | | :--- | :--- | :--- | :--- | | | A++ (Premium) | 7,500 – 9,000 | 697 – 836 | | Nariman Point / Churchgate | A+ (Commercial hub) | 6,800 – 8,200 | 632 – 762 | | Dadar (West) | B (Central Suburb) | 2,800 – 3,500 | 260 – 325 | | Bandra (West) | B (Elite suburb) | 3,200 – 4,000 | 297 – 372 | | Andheri (West) | C (Mid-suburb) | 1,800 – 2,400 | 167 – 223 | | Goregaon (East) | D (Developing) | 1,200 – 1,600 | 111 – 149 | | Thane (Naupada) | E (Extended suburb) | 800 – 1,100 | 74 – 102 | | Navi Mumbai (Vashi) | F (Satellite city) | 700 – 950 | 65 – 88 |
When selling an ancestral property acquired before April 1, 2001, taxpayers must calculate the Fair Market Value (FMV) as of April 1, 2001, to determine their cost of acquisition under Section 55 of the Income Tax Act. The 2001 Ready Reckoner rate acts as the official baseline legal proof for this valuation. ready reckoner rate mumbai 2001
Weaknesses
: You can file a Right to Information (RTI) request with the Department of Registration and Stamps to obtain specific locality data. Sample 2001 Valuation Example
While the specific rates of 2001 may seem like a relic compared to today's soaring valuations, their legacy is very much alive. They serve as a historical anchor for legal and financial calculations, a reminder of the market's long-term trajectory, and the foundational chapter in the ongoing story of Mumbai's property valuation. For anyone dealing with a legacy property or fascinated by the city's economic history, understanding the 2001 Ready Reckoner is not just a matter of finding a number—it's about appreciating a pivotal moment in the evolution of India's most dynamic real estate market. The 2001 valuation figures are not just historical
The 2001 rates are not readily available on modern online portals, which focus on current FY27 rates. To obtain this data:
: The property's exact micro-zone must be identified using the land revenue record identifiers.
: Approximately ₹18,000 per sq. meter on a built-up area (BUA) basis. | Locality / Ward | Zone Type | 2001 RR Rate (₹ per sq
In 2001, the Mumbai real estate market was starkly different from the sky-high prices of 2026. Following the dot-com bubble burst and a sluggish economy, property prices in many parts of the city were relatively stable or stagnating.
Ready Reckoner (RR) Rate is a critical historical benchmark used primarily for calculating Capital Gains Tax and determining the Fair Market Value (FMV)