Gujarat govt to increase land rates of Jantri by 50%
Rajkot, Feb 9 , Feb 10 2007, 01:25 IST
The Gujarat government’s decision to hike existing rates of Jantri by 50% with effect from Friday is expected to increase the state revenue department’s revenues by around Rs 600 crore. It may be mentioned here that the existing land rates of Jantri (ready reckoner for land valuation) were last revised on April 1, 1999. However, the Gujarat government on Thursday announced a 50% hike in the rates of Jantri with immediate effect. Additionally, the state government has also imposed a 5% annual rise in the rates. With the Gujarat government's latest move the registration of documents pertaining to land would be costlier.
Sources said that the usage of power of attorney will increase due to a hike in Jantri rates. Sample this: earlier documents for Rs 1 lakh used to attract Rs 8,400 as stamp duty. However, the state government slashed stamp duty rates in the last budget and as a result the customers had to pay a stamp duty of Rs 5,850 on land documents of Rs 1 lakh. However, with the 50% hike, the consumer will now have to pay Rs 8,775 as stamp duty. According to informed sources, the 50% hike in Jantri rates is expected to bring an additional income of Rs 600 crore to the Gujarat government’s revenue department. However, bankers are of the view that the hike in Jantri rates will help consumers in availing higher amount of loans from banks.
Previous Story Jump Games opens development centre in Pune, to increase headcount Next Story Wealth can be distributed only if created: Premji
Reader's Comments (8)| Post a Comment
stamp duty
rita patel | 24-Dec-2009Reply | Forward we want to know that what is the present stamp duty for the place of karamsad-vidyanagar road, karamsad per rs.100000..
jantri value
Gaurang Panchal | 11-Sep-2012Reply | Forward mauje saiyed vasna vadodara revenue surve no 111 / T P Scheme no 17 / final plot no 81 plot size 94.95 sqmetre common plot and road rasta 26.46 sqmetre consturction 1500sq ft @ 2006 .please infome jantri value for this proterty.
