The state government is in the process of updating jantri rates and is expected to remove discrepancies that had crept when the process was last carried out 12 years ago. The jantri rate is used to arrive at the value of properties at the time of their sale. As per the 2011 jantri rates, there is a vast difference in the value of properties on either side of the same road.
Due to discrepancies in jantri, property rates on both sides of SG Highway – in Thaltej and Bodakdev – differ vastly. Areas like Chandkheda, Lapkaman, Jagatpur and Zundal along SP Ring Road also face such discrepancies.
Gujarat government first fixed jantri rates in 1999. However, the market prices quoted were for the base year of 1997, when the market was booming, and real estate developments were at their peak. Experts say these jantri prices were non-scientific and non-scalable, and there was no mechanism to update them according to changing market scenarios.
When the government revised jantri rates in 2011, there was opposition in several areas, with people complaining that the prices fixed were too steep. So, the government reduced the prices with a promise that the value would be revised yearly. However, this did not happen.
Additionally, 15,000 survey numbers were omitted from the revision in 2011. The sale deeds of properties in such survey numbers are drawn based on the jantri rate of the nearest survey number. This process is called the post-evaluation of land. However, such properties get undervalued in the absence of guidelines on how to calculate jantri for them.
