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State government spokes ministers - Health Minister Shri Jaynarayan Vyas and Minister of State for Finance Shri Saurabh Patel today announced a list of reliefs to be given under new Jantri.

· 20% relief over the previous table rate is given to the properties with unfinished construction and slab-less constructions.

· Previously, the depreciation rate for the old construction was 1% per year of the construction cost, which has been increased to 1.2% per year.

· Where cellar is being used for the commercial purpose, rates of the concerned value-zone are decreased by 20%.

· Different rates are kept for the shops with or without frontage, and on the first or second floor, to give the benefits accordingly.

· Rates for covered car-parking and open car-parking in residential and commercial properties are kept different, to give the benefits accordingly.

· ASR is decreased by 10% for the residences on the third floor and above.

· Cases where residences are constructed for the financially backward people under some government scheme, stamp duty will be levied on the allocation price of the residence.

· Rates for the properties falling in interior parts and for the properties falling on the main road are kept different. This will allow people to get benefit in stamp duty accordingly.

Regarding the Jantri that became operative from April 1, Spoke Ministers said the purpose of this Jantri is to decide upon the stamp duty only.

While giving the details of the surveying process, spokes ministers informed that government initially conducted a survey during July-2009 with a view to prepare the new Jantri. Rural area was divided into the grids of 1-km×1-km size and urban area was divided into different value-zones to determine the prevailing property rates in concerned areas. Property developers, builders' association, farmers, industry leaders and financial organizations were consulted before deciding upon the Jantri rates, ministers said.

After finishing the survey work, ministers said, the report was put before the members of sub-committee of the cabinet that includes the finance minister, urban development minister and revenue minister. Ministers then gave their inputs and suggested to give relief in stamp duty to financially backward people apart from other suggestions. Different stakeholders also suggested dividing the 1-km×1-km grids into three further sub-grids.

Spokes Ministers said that Government then prepared district and taluka teams to conduct yet another survey in rural and urban areas during January 31 to February 10, 2011. In rural areas, lands were divided into different categories. Rural area was divided into around 2,61,200 grids of 1-km x 1-km size and around 7,83,602 sub-grids. Maps created by BISAG were used in this work. Areas under municipal corporations were divided into 9,638 value-zones and areas under municipalities were divided into 12,240 value-zones. Prevailing prices for open plots, residential flats, apartments, shops, offices, industrial land, agricultural and non-agricultural land were surveyed by the team by visiting the place in person.

District and taluka teams were trained for the surveying process and necessary instructions were given to them. Prices surveyed by the teams were further examined by deputy collectors, mamlatdars, taluka development officers, chief officers and commissioners (in Corporation/Authority areas). Data gathered during both the surveys were then rechecked on computer for any ambiguity and then finalized, spokes ministers informed.

As the new Jantri rates are meant for the stamp duty purpose only, the state government has asked the income tax department to not to use this Jantri rates for levying capital gain tax, said the spokes ministers.

Gujarat Information Bureau

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