The State government has started the process of reevaluating jantri rates for different parts of the city after more than 12 years. There is a proposal to hike rates by at least 25 per cent.
In order for the district evaluation committee to determine a preliminary rate that would have an impact on the proposal of the new jantri rates, the collector (stamp duty and assessment) has been asked for information regarding the sale deeds registered during the previous three years.
Senior revenue authorities predict a sharp increase in jantri rates in the city’s western regions. In Bodakdev, the AMC is currently auctioning off another piece of land for Rs 2.28 lakh per square metre. This land will cost Rs 172.75 crore.
An official says, “One and a half years ago, final plot number 385 in Bodakdev T measuring 3,469 sq m was auctioned for Rs 2.22 lakh per sq m. It was auctioned for Rs 77.04 crore – the highest price commanded so far. The jantri rate for the plot was as low as Rs 12,000 per sq m.”
Revenue officials are now considering a sharp increase in jantri rates for the localities of Thaltej, Vejalpur, Bopal, and Chandkheda where land deals have been signed for 22 times the jantri rates. This is because of the revised auction rates.
The pricing of 11 distinct plots and their jantri rates were recently studied by AUDA. According to the analysis, one of its plots in Makarba had a base price of Rs 6,750 per square metre while charging Rs 76,150 per square metre for its commercial rate.
Another AUDA-owned land in Bodakdev had a jantri rate of Rs 10,000 per square metre, but the base price ranged from Rs 2,095,000 to Rs 2,445,000 per square metre. Similarly, the jantri rate in Gota was Rs 11,500 per square metre compared to Rs 62,930 for the market price.
A senior collectorate official said, “When government agencies acquire plots for civic utilities, it buys the land at three or four times higher than the jantri rate. The direct impact of this will be seen on the new jantri rates.”
What is Jantri Rate?
Jantri rate is the minimum price of land or building in a particular area. The revenue department of the Gujarat government decides the price (Jantri) of each land depending on its location.