The Ready Reckoner rate, also known as the Annual Statement of Rates (ASR), is the minimum value at which a property can be registered with the government. Issued annually by the Department of Registration and Stamps, Government of Maharashtra, these rates vary by zone, sub-zone, and property type (residential, commercial, or industrial).
Assumptions:
Understanding this specific rate remains essential for property owners and tax professionals dealing with older Mumbai real estate assets. Why the 2001-02 Rate Matters Today ready reckoner 200102 mumbai
For properties bound by unique legal ownerships—such as Mumbai’s traditional (tenancy system)—the absolute ownership rate cannot be used. Valuers apply a standardized tenancy discount (often 30% to 50%) to the raw 2001 ready reckoner rate to properly reflect the fair market value of the tenant's transferable rights. Summary of Vintage vs Modern Valuation Frameworks Ready Reckoner | Mumbai | Thane | Palghar | Raigad | Pune The Ready Reckoner rate, also known as the
: For any property bought before 2001, the owner can use the RR rate as of April 1, 2001 , as the deemed cost of acquisition. Why the 2001-02 Rate Matters Today For properties
For the financial year 2024-2025, the ready reckoner rates for Mumbai’s 200102 and all other areas were frozen, providing a stable environment for property transactions. However, with the state government announcing a hike in RRR from April 1, 2025, and a move towards a more granular micro-zoning system on the horizon, it is more important than ever for property buyers and owners to stay informed.