: Many older properties in South Mumbai operate under the "Pagdi" system. Valuers often start with the 2001 RRR as a baseline before applying tenancy discounts to determine a property's true worth.
Historical valuation reports indicate wide variations across Mumbai’s micro-markets during that period: Ready Reckoner Rate Mumbai 2001 Pdf
: For Income Tax assessments, the 2001 RR rate serves as a benchmark, though a registered valuer's report is often required to certify the final FMV. : Many older properties in South Mumbai operate
: By using the 2001 RR rate, sellers can significantly increase their indexed cost of acquisition, thereby reducing their taxable capital gains. Valuation Basis and specific building.
Note: Exact 2001 rates varied by road, wing, and specific building.