To calculate the property gain for your property purchased in 1993 in Vasai Road's NANGHAR area, Palghar district, Maharashtra, it is crucial to refer to the Ready Reckoner (RRR) rates, which are set by the Maharashtra government. These rates reflect the market value of land and property for the purpose of calculating stamp duty and property taxes.
Unfortunately, finding specific RRR rates for the year 2001 in the NANGHAR area of Vasai may require reaching out to local authorities, real estate professionals, or the sub-registrar\'s office in Palghar for official records from that period.
The RRR rates for 2001 are not readily available online in most instances. However, you can also consider approaching the Department of Registration and Stamps, Maharashtra, or use the Right to Information (RTI) Act to request this data.
For the purpose of calculating property gain, you will need to compare the property\'s purchase price (Rs. 61,000 in 1993) with its sale price (Rs. 2,300,000 in November 2023). The RRR rates for 2001 would be used to determine the fair market value at the time of purchase.
This comparison can help you calculate the capital gains tax, considering factors like inflation adjustments and any exemptions that may apply.
Hope this helps!
Get Property Tax Assessment and Assistance on Tax Payments with NoBroker Legal Services
Read More:
How is the Ready Reckoner Rate Calculated?
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What are the RRR ready reckoner rates for the year 2001 in Vasai Road NANGHAR AREA DISTRICT PALGHAR MAHARASHTRA. I need it FOR THE PURPOSE OF CALCULATION OF property gain property purchased in 1993 1BHK 450 sq. ft. for Rs. 61,000 and sold the same in November 2023 at Rs. 23,00,0000?
Narotam
741 Views
1
11 months
2024-12-24T10:21:56+00:00 2025-05-02T11:12:22+00:00Comment
Share