The Ready Reckoner rate, also known as the Circle Rate or Guidance Value, is the minimum property valuation set by the Maharashtra State Government for registration purposes. It prevents under-valuation and serves as the base for calculating stamp duty and registration charges.
: The standard government construction cost index for standard residential RCC structures in Mumbai at the time was pegged at roughly ₹5,500 per square meter .
published by the Maharashtra government, which sets the minimum transaction value for properties in specific areas like the pin code (typically covering parts of Malad West The Story of "The Market vs. The Book" ready reckoner 200102 mumbai
Before the widespread implementation of the Ready Reckoner (RR) in the early 2000s, the Mumbai real estate market was notorious for the "black money" component. Property transactions were often reported at rates significantly lower than the actual market value to evade stamp duty and capital gains tax. The gap between the government's valuation of land and the actual price a buyer paid was vast. In an effort to curb this practice and rationalize revenue collection, the Government of Maharashtra introduced the Ready Reckoner system. By the year 2001-02, this document had become a crucial tool, serving as the minimum benchmark for property valuation.
I can then provide targeted advice on retrieving that specific data. Share public link The Ready Reckoner rate, also known as the
The for Mumbai, also known as the Annual Statement of Rates (ASR) , is the government-fixed minimum price for property registration and stamp duty calculation in a specific area. In Mumbai, these rates are revised annually by the Maharashtra State Government. Key Market Rates for Mumbai (2025-2026)
The most important distinction to make is that "200102" is not an official zone, pin code, or taluka identification number used by the Maharashtra Inspector General of Registration (IGR). In Mumbai, ready reckoner zones are classified by district (Mumbai City, Mumbai Suburban), taluka (Andheri, Borivali, Kurla), and specific village or division names. published by the Maharashtra government, which sets the
: Under Section 50C, if a property's sale agreement value falls below the government specified rate, the department treats the benchmark rate as the de facto sale consideration.
Roughly ₹18,000 per sq. meter on Built-Up Area (BUA).
Because online archives for Maharashtra land records generally prioritize recent years, tracking down 2001–2002 data requires targeted steps:
The Ready Reckoner (also called the ) is a government-published document that sets the minimum floor price for property transactions in a given area. It is used by the Sub-Registrar to calculate: