Jantri Rates In Gujarat 2001 'link' 💫

Calculate and registration fees during property transfers.

Under Section 55(2)(b) of the Income Tax Act, 1961, April 1, 2001, is the base date used to determine the "cost of acquisition" for properties bought before this date. Jantri Rates In Gujarat 2001

In , a 100 sq. yd residential plot had Jantri rate of ₹50,000 before 2001. After revision, the same plot’s Jantri jumped to ₹3.5 lakh. A middle-class family trying to buy it would have to pay ₹24,500 as stamp duty (7% of ₹3.5 lakh) instead of ₹3,500 earlier. Many such families abandoned legal purchase and continued living in ancestral or rented houses. This created a political embarrassment for local MLAs, leading to the partial rollback. Calculate and registration fees during property transfers

In the world of Gujarat real estate, the term "Jantri" is one of the most significant figures you'll encounter. While modern rates are what most buyers look at today, the remain a critical historical benchmark, especially for tax professionals and property owners dealing with long-term capital gains. What is the Jantri Rate? yd residential plot had Jantri rate of ₹50,000 before 2001