Govt offers 50% cut in recently hiked jantri rates

After a stir by real estate developers in Gujarat over the recent revision of Jantri rates, the Gujarat government on Thursday further announced a 50 per cent reduction in them. The state government had recently revised the rates by 300 to 400 per cent in different zones, inviting the ire of real estate developers and buyers alike.

The government issued a statement on Thursday announcing a revision in the proposed Jantri rates. Jaynarayan Vyas, state health minister and government spokesperson informed that the decision of partial rollback in the revised Jantri rates was made taking into consideration the interests of individual citizens and farmers alike.

Moreover, the agricultural lands which were under the earlier Jantri rates had seen a hike in premium rates which will be now reduced by 50 per cent. This will enable farmers to easily transfer the agricultural land with a premium of 25 per cent as against the earlier revision of 50 per cent, Vyas added.

The government has decided to charge only 40 per cent premium on non-agricultural (NA) certification on lands used for educational, residential, health and industrial purposes as against the proposed 80 per cent earlier.

The concessions given under the Jantri Policy 2011 will continue to remain as it is while the government additionally informed that in a bid to make land transactions more transparent and control flow of 'black money' in the system, the government decided to allow an individual buying an asset to ascertain the stamp duty available on the transaction under the proposed policy.

With the industrial development taking place in the state, Vyas added that farmers have been benefiting due to increased land transactions and appreciation of land prices.