Physical copies of 2001 "Annual Statement of Rates" books are kept at the office of the Sub-Registrar or the valuation department.
To use the 2001 rate for valuation, the standard formula applied by authorities is: Ready Reckoner Rate (RRR) - Meaning and How to Calculate ready reckoner rate mumbai 2001
While rates vary significantly by "Village" and "Zone," archival valuation reports provide a snapshot of property values in Mumbai at the time: Kandivali West : The RR rate for residential property was approximately ₹18,000 per sq. mt. on Built-Up Area (BUA). CBD Belapur : The rate was around ₹14,050 per sq. mt. Construction Rates Physical copies of 2001 "Annual Statement of Rates"
: For legal and tax assessments, it is safer to hire a registered valuer who can certify the FMV as of April 1, 2001, with the official supporting reckoner page. on Built-Up Area (BUA)
: For properties acquired before April 1, 2001, taxpayers can use the FMV on this date as their "cost of acquisition" to benefit from indexation. Stamp Duty Reference