Under the Income Tax Act, when selling a property bought in 2001-02, you need the Fair Market Value (FMV) as of April 1, 2001 (or the purchase year). While the government uses a Cost Inflation Index (CII), many assessors use the Ready Reckoner rate to cross-verify the "stamp duty value" at the time of purchase.

Use Case: If you inherited a property in Malad in 2001, the Ready Reckoner 2001-02 Mumbai PDF provides the legal baseline valuation to calculate Long Term Capital Gains (LTCG) tax liability today.

To understand the significance of the 2001-02 rates, one must understand the economic climate:

Common reasons include:

If you need help analyzing data from that document (once you obtain it legally) or need a template structure of what a typical Ready Reckoner contains (w.r.t. ward-wise rates for residential, commercial, and industrial properties), I can certainly help with that.


Assuming you have secured the PDF, how do you read it? The format has changed slightly since 2001.