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When calculating long-term capital gains for real estate transactions, the Indian Income Tax Department permits sellers to adjust their initial property purchase cost for inflation using the Cost Inflation Index (CII).
: Spans from Colaba up to Mahim and Sion.
Approximately ₹14,050 per sq. meter on BUA. How to Find 2001-02 Rates Today ready reckoner 200102 mumbai
The 2001 Ready Reckoner covers all major zones within the Mumbai Municipal Corporation (MCGM) area, including: apci group Stamp Duty Ready Reckoner for Mumbai - apci group
A "Ready Reckoner" (also known as a ) is a government-issued guide that sets the minimum property value for specific areas. When calculating long-term capital gains for real estate
Here’s why these rates are critical for any buyer or seller:
The represents one of the most critical historical benchmarks in the Indian real estate and taxation landscape. Published annually by the Department of Registration & Stamps - Government of Maharashtra , the Annual Statement of Rates (ASR)—commonly known as the Ready Reckoner (RR) rate—defines the minimum regulatory value at which a property can be registered or transferred within a given locality. meter on BUA
To find the exact value for a property in this zone, you can use the IGR Maharashtra portal : Identify the Zone and Sub-zone
The PIN code predominantly covers Malad (West) , specifically the upscale Lokhandwala Complex, Marve Road, Link Road, and the Evershine Nagar areas. As of the latest revision (currently valid until March 31, 2024, with annual updates expected in April), the rates in this zone vary significantly based on the specific road, building age, and usage (residential vs. commercial).
Buildings older than 10 years in 2001 typically receive a depreciation discount (e.g., 20% for buildings 11-20 years old).
The most important distinction to make is that "200102" is not an official zone, pin code, or taluka identification number used by the Maharashtra Inspector General of Registration (IGR). In Mumbai, ready reckoner zones are classified by district (Mumbai City, Mumbai Suburban), taluka (Andheri, Borivali, Kurla), and specific village or division names.