, is the official base year for calculating Long-Term Capital Gains (LTCG) tax on properties acquired before that date Why 2001-02 Rates Matter Today Base for Capital Gains
Today, that godown is a commercial high-street shop worth Rs. 15 crores. If they try to register the sale, the government’s RR (now ~Rs. 3 lakh/sq m) demands stamp duty on a much higher value. The family is caught in a 23-year gap. They cannot prove they paid market price in 2001, because the government told them the price was low. This is the silent crisis of "Base Year Syndrome." ready reckoner 2001-02 mumbai
The 2001–02 rates serve as a baseline for several legal and financial processes today: , is the official base year for calculating
Before I proceed, confirm: do you want the guide to include exact rate tables from the 2001–02 Mumbai Ready Reckoner (scanned rates), or a methodological guide without reproducing the full historical tables? Note: I don't have direct access to municipal archives; if you want exact historical rate tables, I can include steps and sources to obtain them. 3 lakh/sq m) demands stamp duty on a much higher value
Before we look at the numbers, it is critical to understand why the 2001-02 rates are significantly lower (often 8-10 times lower) than today’s rates.