Ready Reckoner 200102 Mumbai Extra Quality 'link' -

The Ready Reckoner, also known as the Annual Statement of Rates (ASR), is a government-published guideline that establishes the minimum market value of properties in specific areas. Published by the Inspector General of Registration (IGR), Maharashtra, these rates are revised annually (usually effective from January 1st).

in 2001–02 is a critical historical benchmark used primarily for calculating Capital Gains Tax ready reckoner 200102 mumbai extra quality

For a building in the (Andheri East) zone to be classified under "Extra Quality," it generally must meet specific criteria set by the Town Planning and Valuation department. "Extra Quality" implies a higher cost of construction and superior amenities, which increases the valuation of the built-up structure. Characteristics often include: The Ready Reckoner, also known as the Annual

If your property has "Extra Quality," the Ready Reckoner value is not the base rate. Instead, you apply a : "Extra Quality" implies a higher cost of construction

If you are selling a property in Mumbai today that was purchased before 2001, your tax liability is calculated by subtracting the from the sale price. Selecting the "Extra Quality" rate (if applicable) increases your base cost, thereby reducing your taxable capital gains .