The primary relevance of the 2001–02 dataset hinges on the regulations of the .

Furthermore, the Municipal Corporation of Greater Mumbai (BMC) uses the Ready Reckoner rate to calculate your annual property tax.

: These are levied on the higher of the actual transaction value or the RR rate. Income Tax Compliance

For comparison, current rates in areas like Vashi range up to ₹1,40,100 per sq. meter, highlighting the massive appreciation since the 2001–02 baseline. Why the 2001–02 Rates Still Matter

In Mumbai's real estate and legal landscape, a Ready Reckoner

Always verify the RR rate of that specific “Sub-Zone” on the official IGR portal before signing the agreement. If the RR rate is significantly higher than your negotiated price, you face a sudden tax burden.

The 2001 reckoner divided Mumbai into specific . Rates varied based on:

You are buying a 2-BHK (800 sq. ft. carpet) on the 5th floor of a new premium building on Thakur Village Main Road .