Succumbing to the widespread furore over exorbitant jantri rates that came into force from April 1, the state government on Thursday slashed the rates by 50% on the increased portion.
Succumbing to the widespread furore over exorbitant jantri rates that came into force from April 1, the state government on Thursday slashed the rates by 50% on the increased portion.
Soon after the new rates were implemented, the government had started receiving contentions from various stakeholders across the state.
Also, on Thursday, the government relaxed the premium on conversion of lands. In case of conversion of land from new tenure to old tenure for agricultural purpose, the premium has been reduced by 50%; and in case of conversion of new tenure agricultural land into non-agricultural land for housing, industry, education and health purpose, the premium has also been reduced by 50%.
The government had appointed a team of three ministers — revenue minister Anandiben Patel, urban development minister Nitin Patel and minister of state for finance Saurabh Patel — for receiving the contentions. According to government spokespersons Jaynarayan Vyas and Saurabh Patel, chief minister Narendra Modi took the final decision on slashing the jantri and premium rates. As per Thursday’s announcement, the 50% reduction in jantri rates means there will be 50% down on the rates of the portion that had been increased from April 1.
For example, if the rate of a plot was Rs100 per square metre as per 2008 jantri, and it was made Rs200 from April 1, 2011, the revised rate made effective from April 14 will put it at Rs150.
Because, the increased portion was Rs100 and 50% of it is Rs50, which added to old Rs100 makes it Rs150. In case of conversion premiums, the revised rate will bring down by 50% of the amount paid by the parties. The premium amount for conversion of new tenure land to old tenure land for agricultural purpose was 50% on the jantri rates concerned. So the 50% reduction means the amount will now be 25% on the jantri rates. Similarly, in case of conversion of new tenure agricultural land into non-agricultural land for housing, industry, education and health purpose, people who were paying 80% on the jantri rates as premium amount will now pay 40% on the jantri rates. However, in places where the revised jantri rates are lower than the rates applicable as per 2008 rates, the revised rates will not be applicable. In such areas, the old jantri rates of 2008 will be applicable, said the ministers in a statement.
The ministers said that the state government wanted to bring in transparency in the calculation of stamp duty and stop flow of black money into the real estate market. They also said that land prices had gone up even in the interior areas of the state because of infrastructure facility provided by the government.
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