Changes in Jantri prices in the next financial year

Gujarat: After the Bhupendra Patel government of the state formed the government with a grand victory of 156 seats, now they want to take firm and decisive decisions to move the state of Gujarat at the speed of bullet train and for the same reason now the state government is considering to increase Jantri Dharma after ten years. According to the sources, in the last ten years, the metropolises and towns of the state have developed at full speed. Even though the real estate market has flourished, the state government still receives stamp duty revenue as of 2011.

Jantri is likely to change prices within

It is worth mentioning that, as a result of this, the state government suffers a huge loss in revenue, another thing is that the market price of land is high and as a result of the low market price, many questions arise regarding the acquisition of land in important projects by the state government. As a result, development projects get disrupted. In order to resolve all these issues, now the Chief Minister Bhupendra Patel’s government is receiving information from the sources that during the next budget session there will be a change in the jantri price.Also read: Two accused arrested with Chinese cord

Why increase in Jantri rates?

Lease sale of any property has to pay stamp duty and it is fixed on the basis of Jantri rate fixed by the government so if the Jantri rate is increased by the government, the stamp duty revenue can increase. What is the main argument? The rate of Jantri, which determines property prices in the state, was increased in the year 2008 and subsequently revised in 2011. It has been 10 years now and since then there has been good growth across the state. If the price of jantri is increased, it can benefit the state government.

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Why does the government want to increase the rates of Jantri?

When the state government is increasing the size of its budget in the next budget session, it is natural to increase the revenue expenditure and revenue and for the same reason it is necessary to increase the mechanism to increase the revenue revenue. When will the Jantri rate be increased? Sources say that at present, all matters of increasing the rate of jantri have been decided but the right time is awaited. Discussions with the Chief Minister have also been completed. It is believed.

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Published by:Vimal Prajapati

First published: January 03, 2023, 22:50 IST

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Tags: Gujarat CM Bhupendra Patel, Gujarat Government, Gujarat