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For properties acquired before April 1, 2001, the Income Tax Act allows you to use the property's Fair Market Value as of , as your "cost of acquisition". This value is generally determined by the Ready Reckoner Rate of that year to calculate the indexed cost and reduce your overall tax liability. Online Verification (Current Rates Only)
Finding historical for from 2001 for free can be challenging because official government portals like IGR Maharashtra typically only host PDFs for recent years. The 2001 rates are crucial for determining Fair Market Value (FMV) for long-term capital gains tax purposes . Options to Find 2001 Mumbai RR Rates Government Offices : You can visit the local Sub-Registrar’s office