After a long wait and several revisions, the Gujarat government decided on Thursday to implement the new rates jantri- or the government’s assessment of the value of properties – from 1 April.

Higher by at least 300 to 400 percent in cities and towns that Sanand where massive development activities have taken shape, unlike earlier, there is a separate rate for each square kilometer jantri.

As urban areas like Ahmedabad and Surat, every square mile has been divided into areas of high value, with each zone having a different value jantri.

Thus, the property near the road would be higher than jantri, which is somewhere inside. “The new prices jantri based on the evaluation takes place in early March, which reflects the latest market rates of property,” a senior government official said, adding: “. We decided to renew jantri years, not as Maharashtra is ”

The last time rates were carried out on April 1, 2008 jantri, but is based on an assessment by the State Government in 2006. He said, “In 2006, the government had not made a scientific assessment of the property.”

The new formula kilometer was asked to run twice since 2008 – in January 2009 and August 2009 – after assessments by government officials. However, it never came.

In addition to flush out black money from real estate transactions, higher rates jantri will result in a significant increase in the collection of stamp duty of government. If in 2010-11 was Rs 3.500 crore stamp tax dollars collected, conservative estimates indicate that the collection of the next fiscal year 2011-12 is likely to go up to Rs 1,500 crore from Rs 5,000 crore that.

However, a senior official said, “Much depends on the number of sales for acts done during the year. Stamp Collection Maharashtra at Rs 15,000 crore.” Source Times Of India