Ready Reckoner Rate Mumbai 2001 Today
: You can file an application at the local Sub-Registrar Office (SRO) under whose jurisdiction the property falls.
That is the power of the historical Ready Reckoner.
The 2001 Ready Reckoner was not just a simple list of numbers. The government employed a sophisticated methodology to account for the diverse nature of properties in Mumbai, which was (and still is) divided into 700 distinct valuation zones for this purpose. The calculation of the final value for a property considered several factors: ready reckoner rate mumbai 2001
Where to find an authentic copy
The 2001 rates were not arbitrary figures. They were the result of a systematic analysis of various locational and property-specific factors, a methodology that continues to this day. The key determinants included: : You can file an application at the
In 2001, the Maharashtra government, under the Revenue Department, published the Annual Statement of Rates (ASR). Unlike today, where rates are revised annually or biannually with scientific precision based on transaction data, the mechanism in 2001 was relatively archaic.
Here are some examples of the Ready Reckoner Rates in Mumbai in 2001: The key determinants included: In 2001, the Maharashtra
To appreciate the historical data, here is a comparison:
Interesting fact: In 2001, a 1,000 sq. ft. flat in Bandra’s RR value was ~₹30–40 lakh (market price often 50–80% higher unofficially).