: The Cost Inflation Index (CII) uses 2001-02 as the starting point (Value = 100). Historical Rates for Key Mumbai Localities (2001 Estimates)
: It allows you to skip the actual (often very low) historical purchase price from the 70s, 80s, or 90s. ready reckoner rate mumbai 2001
: Income Tax Officers strictly verify that your claimed 2001 value does not surpass the government’s 2001 RR rates. : The Cost Inflation Index (CII) uses 2001-02
The year 2001 serves as the "base year" for indexation. When you sell an old property, the 2001 rate helps you "reset" your purchase price to a higher 2001 value, which significantly reduces your taxable profit. The year 2001 serves as the "base year" for indexation
While the official 2001 Ready Reckoner was published in physical books, historical archives and valuation reports provide estimates for residential properties per square meter. Locality (Mumbai) Estimated 2001 RR Rate (per sq. mt.) ₹50,000 – ₹60,000 Malabar Hill ₹65,000 – ₹75,000 Andheri East ₹15,000 – ₹22,000 Borivali ₹12,000 – ₹18,000 Chembur ₹14,000 – ₹20,000 Dadar ₹30,000 – ₹40,000