The Ready Reckoner Rate—also known as the Annual Statement of Rates (ASR)—is the government-regulated minimum valuation price for land and buildings. Maintained by the Department of Registration and Stamps, Maharashtra , these figures prevent the under-reporting of real estate transactions. The 2001-02 framework is primarily used today for:
The property landscape in Mumbai during 2001–02 operated under drastically different economic conditions compared to the current market. Understanding this context clarifies why these historical figures are prioritized:
Ready Reckoner (RR) for the year serve as a critical historical benchmark, primarily used to determine the Fair Market Value (FMV) for property valuation and Capital Gains Tax calculations. Google Groups Historical Significance Base Year Reference
After a gap of two years, the Maharashtra government revised the RR rates effective . The state average hike was 3.89%, but Mumbai saw a modest increase of 3.39% in its Ready Reckoner rates. This increase was lower than many other cities (like Thane which saw a 7.72% hike) to keep the market stable. ready reckoner 200102 mumbai top
Why the 2001–02 Rates Form the Foundation of Property Taxation
If you are looking at a property in the zone, relying solely on the Ready Reckoner rate is insufficient for determining the purchase price. The Ready Reckoner is a floor price , not a ceiling price .
, the state government has increased these rates by an average of Top Ready Reckoner Rates in Mumbai (Estimated 2026) The Ready Reckoner Rate—also known as the Annual
Disclaimer: The 2001-02 rates are historical data. For any current transactions, you must use the latest ready reckoner rates. If you are looking to calculate capital gains, Alternatively, I can: valuation in 2001.
To find the official value for stamp duty, follow this formula used by the Registration & Stamps Department Identify the Zone:
While Mumbai's hike was modest, other municipal corporation areas in the state saw sharper increases of up to . This increase was lower than many other cities
The 3.39% hike in Mumbai’s RR rates signals confidence from the state government in the city’s premium real estate market. While registration costs are slightly higher now, the freeze on RR rates for 2026-27 offers a window of predictability.
The search phrase refers to the government-determined Circle Rate (official minimum property valuation) for properties in Mumbai Suburban District , specifically targeting the area covered by the Village/Zone Code 200102 —which corresponds to a major part of Kandivali (East) . The "Top" suggests the user wants the highest rates or the top-tier categories within that zone.