Proposed land rates will shatter common man's dream house
The unprecedented hike in the `Jantri' rates (the annual statement of land rates) proposed by the BJP government has come into sharp criticism from all quarters of the society, saying it will make difficult for the common man to buy houses in the ...
By PTI |
VADODARA: The unprecedented hike in the `Jantri' rates (the annual statement of land rates) proposed by the BJP government has come into sharp criticism from all quarters of the society, saying it will make difficult for the common man to buy houses in the state.
The proposed increase in the Jantri rates by over 200 to 300 per cent, will affect the buyer to make an additional payment of Rs 40,000 to Rs 50,000 for purchasing property for residential purposes in the state.
President of the Baroda Bar Association Narendra Tiwari has criticised it saying the entire procedure of proposing unprecedented hike in the Jantri rate is illegal.
"It will be difficult for people to buy houses in the city, as the hike is unprecedented, even more than the prevalent market value of the land in city," Tiwari said.
The levying of Jantri rate in various cities and towns of Gujarat became effective from April 1, 1999 and nearly 55 percent hike was made in the year 2007.
Manubhai Patel dealing in real estate said, this proposed hike is for compensating the municipal coprporation in the seven cities of Vadodara, Ahmedabad, Rajkot, Bhavnagar, Jamnagar, Surat and Junagadh for revenue losses due to octroi abolition to the tune of Rs 2,000 crores annually.
Dilip Mehta a leading hotelier and former president of the Baroda Land Developers' Association said the new Jantri rates will affect construction activities and it will be opposed tooth and nail.
The proposed increase in the Jantri rates by over 200 to 300 per cent, will affect the buyer to make an additional payment of Rs 40,000 to Rs 50,000 for purchasing property for residential purposes in the state.
President of the Baroda Bar Association Narendra Tiwari has criticised it saying the entire procedure of proposing unprecedented hike in the Jantri rate is illegal.
"It will be difficult for people to buy houses in the city, as the hike is unprecedented, even more than the prevalent market value of the land in city," Tiwari said.
The levying of Jantri rate in various cities and towns of Gujarat became effective from April 1, 1999 and nearly 55 percent hike was made in the year 2007.
Manubhai Patel dealing in real estate said, this proposed hike is for compensating the municipal coprporation in the seven cities of Vadodara, Ahmedabad, Rajkot, Bhavnagar, Jamnagar, Surat and Junagadh for revenue losses due to octroi abolition to the tune of Rs 2,000 crores annually.
Dilip Mehta a leading hotelier and former president of the Baroda Land Developers' Association said the new Jantri rates will affect construction activities and it will be opposed tooth and nail.
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