Ready Reckoner 200102 Mumbai Extra Quality May 2026

When you check the rates for 200102 Mumbai and select Extra Quality, the valuation model changes. Here is a simplified look at how the stamp duty value is derived:

  • Depreciation: Based on the age of the building.
  • Final Value: (Land Rate × Area) + (Construction Rate × Built-up Area) - Depreciation.

    • Assumption:

    Suppose you buy a 1,200 sq. ft. carpet area apartment in Gulmohar Road, Vile Parle East (Extra Quality category). ready reckoner 200102 mumbai extra quality

    Crucial Insight: If the seller demands ₹10 Crores but the RR value is ₹9.6 Crores, you pay stamp duty on ₹9.6 Crores. However, if the seller gives you a "deal" at ₹8 Crores, you still pay stamp duty on ₹9.6 Crores. You cannot under-register an extra-quality property. When you check the rates for 200102 Mumbai

    | Component | Rate | Amount (₹) | |-----------|------|-------------| | Ready Reckoner value (1500 sq ft @ ₹15k/sq ft) | – | 2,25,00,000 | | Stamp duty (Mumbai – 5% for male, 4% for female) | 5% | 11,25,000 | | Registration fee | 1% (max ₹30,000) | 30,000 | | Metro cess (if applicable) | 0.5% | 11,250 | | Total government charges | – | ~11,66,250 | Depreciation: Based on the age of the building