Rates varied significantly by village and ward. A few examples from historical valuation reports include: Kandivali West: Approximately ₹18,000 per sq. meter. CBD Belapur: Approximately ₹14,050 per sq. meter. Important Calculation Note
Sometimes, a property registered in 2001 was undervalued, leading to a penalty. Conversely, if a buyer paid excess stamp duty, they can appeal using the historical Ready Reckoner. The 2001 PDF is the benchmark. Ready Reckoner Rate Mumbai 2001 Pdf
Economists studying Mumbai’s real estate bubble often use 2001 as a baseline year (pre-boom). The 2001 RR rate shows the value of a sq. ft. before the IT/REIT boom of 2005-2010. For example, a 500 sq. ft flat in Bandra (West) in 2001 might have had an RR of ~₹2,000/sq. ft. Today, it is over ₹50,000/sq. ft. Rates varied significantly by village and ward
Check the Maharashtra Stamp Duty Department’s old circulars – sometimes available via the National Archives of India or the Maharashtra State Archives (Mumbai). CBD Belapur: Approximately ₹14,050 per sq