The 2001-02 rates came at a fascinating time. The Mumbai market had recently emerged from a significant slump in the late 1990s. Prices had corrected heavily from the 1995 peak, and the market was stabilizing.
The 2001-02 period was a transitional era for Mumbai real estate, following the 1990s property boom and subsequent slump. The Ready Reckoner for this year acted as a stabilizer. ready reckoner 2001-02 mumbai
Ever wondered how much Mumbai's property values have appreciated over two decades? The 2001-02 rates came at a fascinating time
Today, that godown is a commercial high-street shop worth Rs. 15 crores. If they try to register the sale, the government’s RR (now ~Rs. 3 lakh/sq m) demands stamp duty on a much higher value. The family is caught in a 23-year gap. They cannot prove they paid market price in 2001, because the government told them the price was low. This is the silent crisis of "Base Year Syndrome." The 2001-02 period was a transitional era for
While the 2001-02 RR book is obsolete for new purchases, it remains highly relevant for several reasons: 1. Capital Gains Tax Calculation (Income Tax)