: In the early 2000s, RR rates in Mumbai were relatively low compared to actual market values, which often led to under-reporting of transactions.
In 2001, the "Ready Reckoner" served as the official benchmark for property values, used primarily to calculate stamp duty and registration fees. For Mumbaikars, it was the "Bible of Real Estate." While market prices often soared into the stratosphere, the Ready Reckoner provided a grounded—if sometimes conservative—minimum valuation. ready reckoner 2001-02 mumbai