Using the 2001 RR rate often results in a higher "cost of acquisition" after adjusting for inflation (indexation), which significantly reduces the taxable profit for the seller.
To help you move forward with your specific property valuation, let me know:
The Ready Reckoner Rate is significant for several reasons:
: Income Tax Officers strictly verify that your claimed 2001 value does not surpass the government’s 2001 RR rates.