Assume: base residential rate (2001–02) for locality X = Rs. 3,200/sq.ft.; Extra Quality shown as +20%; area = 1,000 sq.ft.
The Ready Reckoner is a rate card published annually by Maharashtra's Inspector General of Registration. It represents the at which a property transaction must be registered. Even if you buy a property for less than this rate, stamp duty is calculated on the RR value. ready reckoner 200102 mumbai extra quality
In the 2001-2002 Ready Reckoner guidelines, "Extra Quality" refers to specific premium features that increase a property's valuation beyond the standard base rate for its zone: Premium Amenities: Assume: base residential rate (2001–02) for locality X