Ready Reckoner Rates Maharashtra 2024 – 25 - IndexTap Blogs
📊 Source: Maharashtra Govt. Gazette, 2001-02 (Urban Land Ceiling & Stamp Duty Dept.) ready reckoner 2001-02 mumbai
How is the ready reckoner rate calculated? * Multiply the built-up area (in sq. metres) by the ready reckoner rate of that area. * Bajaj Finserv Ready Reckoner | Mumbai | Thane | Palghar | Raigad | Pune Ready Reckoner Rates Maharashtra 2024 – 25 -
Under the Income Tax Act, the fair market value (FMV) as of April 1, 2001 , is often used to calculate long-term capital gains for properties acquired before that date. metres) by the ready reckoner rate of that area
Revenue authorities use these historical rates to prevent the undervaluation of older property holdings when they are finally sold in the current market. Understanding the 2001–02 Market Context
Today? Many areas are 8-10x higher. These old RR rates are still used for capital gains calculation under Sec 50C. Keep them handy! 🏢📜
💡 If you inherited or bought property in 2001-02, dig out that old Ready Reckoner – it’s key for tax planning during sale.