: Housing societies undergoing redevelopment often need to calculate historical stamp duty shortfalls. They review 2001–02 documents to prove past compliance or settle legacy disputes with developers.
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If you sell a property in Mumbai today that you acquired before April 6, 2001, you are permitted to adopt the Fair Market Value (FMV) of the property as of April 1, 2001, as your cost of acquisition. The 2001–02 Ready Reckoner rates serve as the primary, legally backed evidence to establish this baseline value. Cost Inflation Index (CII) Baseline : Housing societies undergoing redevelopment often need to