Buildings older than 10 years in 2001 typically receive a depreciation discount (e.g., 20% for buildings 11-20 years old).
Roughly ₹18,000 per sq. meter on Built-Up Area (BUA). ready reckoner 200102 mumbai
The year 2001 serves as a fundamental "base year" for the Income Tax Department of India. For properties acquired before April 1, 2001, taxpayers are permitted to use the as of that date to calculate indexed cost of acquisition for capital gains purposes. The Ready Reckoner rate of 2001-02 is often the primary starting point for determining this value. Mumbai Ready Reckoner Rates (Historical Context) Buildings older than 10 years in 2001 typically