In Gujarat, "Jantri" (also known as the Annual Statement of Rates or ASR) is the government-mandated for land and buildings in a specific area.
However, under Section 55(2)(b) of the central Income Tax Act, 1961, the Indian government designated for calculating the Fair Market Value (FMV) of properties acquired before that period. When calculating long-term capital gains tax on ancestral or older properties, property owners must determine the exact value as of April 1, 2001.
What is Jantri Rate in Gujarat? Easy 2026 Guide - Savitar Realty Jantri Rates In Gujarat 2001
: While general Jantri rates were based on the 1999 ASR, the Gujarat Industrial Development Corporation (GIDC) published specific allotment prices effective April 1, 2001 . Historical Allotment Prices (as of April 1, 2001)
The Jantri rates for 2001 in Gujarat were categorized based on the location, type of property, and usage. For instance: In Gujarat, "Jantri" (also known as the Annual
Rates were comparatively low, reflecting a different economic phase.
The Gujarat government notified April 1, 1999, as its base date for stamp duty valuation, creating a gap for those needing an official 2001 valuation for capital gains tax calculations. What is Jantri Rate in Gujarat
Jantri rates are the benchmark rates fixed by the government for various types of properties, including land, apartments, and commercial buildings. These rates are used to calculate the stamp duty and registration fees that need to be paid while registering a property. The Jantri rates are usually updated annually, and they vary depending on the location, type of property, and other factors.
| | Approximate Period | Key Examples / Highlights | | :--- | :--- | :--- | | 1999 (Base Year) | April 1999 - Feb 2007 | First ASR set using 1997 market prices. For reference, a plot in Bhuj was valued at ₹60 per sq. m in 2001. | | 2006 Revision | 2006 - 2011 | Construction cost for RCC structures in urban areas was ₹5,000 per sq. m . | | 2007 Revision | Feb 2007 - 2011 | Rates hiked by almost 50% after a long static period. | | 2011 Revision | April 2011 - 2023 | Construction cost for RCC structures in urban areas doubled to ₹9,900 per sq. m . Residential rates in Bopal rose from ₹3,000 to ₹17,000 - ₹25,000 per sq. m . | | 2023 Revision | April 2023 onwards | Proposed doubling of Jantri rates in many areas. |
Understanding Jantri Rates in Gujarat 2001: The Foundation of Land Valuation