The 2001–02 rates serve as a baseline for several legal and financial processes today:
In 2001-02, the prime areas of South Mumbai (Walkeshwar, Altamount Road, Malabar Hill) were clocked at roughly (approx Rs. 1,400 to 2,300 per sq ft). Suburbs like Bandra were around Rs. 8,000 per sq meter (Rs. 740/sq ft). Distant suburbs like Borivali were a mere Rs. 1,500 per sq meter (Rs. 140/sq ft). ready reckoner 2001-02 mumbai
However, there is a catch. , the taxpayer has a one-time option to use the Fair Market Value (FMV) as of April 1, 2001, as the cost of acquisition. The 2001–02 rates serve as a baseline for
While using the 2001-02 ready reckoner is legally sound, be aware of the following: 400 to 2
🔹