| Locality / Ward | Zone Type | 2001 RR Rate (₹ per sq. metre) | Approx. ₹ per sq. ft. | | :--- | :--- | :--- | :--- | | | A++ (Premium) | 7,500 – 9,000 | 697 – 836 | | Nariman Point / Churchgate | A+ (Commercial hub) | 6,800 – 8,200 | 632 – 762 | | Dadar (West) | B (Central Suburb) | 2,800 – 3,500 | 260 – 325 | | Bandra (West) | B (Elite suburb) | 3,200 – 4,000 | 297 – 372 | | Andheri (West) | C (Mid-suburb) | 1,800 – 2,400 | 167 – 223 | | Goregaon (East) | D (Developing) | 1,200 – 1,600 | 111 – 149 | | Thane (Naupada) | E (Extended suburb) | 800 – 1,100 | 74 – 102 | | Navi Mumbai (Vashi) | F (Satellite city) | 700 – 950 | 65 – 88 |
: The adjusted 2001 square-meter rate is multiplied by the property’s total built-up area.
While the specific government gazette notification contained thousands of listings for individual survey numbers, the general valuation structure in Mumbai for 2001 paints a stark contrast to modern prices.
: Books like "Stamp Duty Ready Reckoner & Market Value of Properties in Mumbai" by Santosh Kumar and Sunil Gupta are often referenced for historical data from 1980 to 2001.
Disclaimer: The figures above are reconstructed from historical government circulars and real estate archives. Individual ward-level variations applied. Always consult a certified valuer for specific 2001-2002 property transactions.
The Year 2001 is a critical milestone due to provisions in the . 1. Fair Market Value (FMV) Grandfathering
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(tenancy rights), the 2001 RR rate is usually used as a starting point, and a tenancy or occupancy discount is applied to determine the actual FMV. Area Metrics : In 2001, stamp duty was often charged on built-up area
: For Mumbai’s older properties, including Pagdi system tenancies, government-approved valuers use the 2001 RRR as a foundation, applying custom discounts (often 30% to 50%) to accurately value the specific occupancy rights. Challenges in Finding 2001 Historical Rates
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Fast forward to 2024, and the disparity is jaw-dropping.