Urban planners and economists study the 2001 rates to analyze the growth of Gujarat’s real estate market (e.g., the price increase in GIFT City area versus old Ahmedabad).
, is the government-mandated minimum valuation for land and property in Gujarat. While recent years have seen major revisions (such as the 2023 doubling of rates ), the year Jantri 2001 Gujarat Pdf
While newer Jantri revisions occurred in 2011 and more recently in 2023–2024, the 2001 rates are frequently sought for . Under Section 55(2)(b) of the Income Tax Act, April 1, 2001, is often used as the base date for determining the "cost of acquisition" for properties bought before that time. Urban planners and economists study the 2001 rates
The government or a developer acquiring land may refer to the Jantri value as of the date of a preliminary notification. If that notification was issued around 2001–2005, the 2001 Jantri becomes the legal reference. Under Section 55(2)(b) of the Income Tax Act,
The was implemented on April 1, 2001 , under the Bombay Stamp Act (as applicable to Gujarat). Before 2001, Jantri rates varied wildly between districts and were often not transparent. The 2001 version aimed to:
When dividing ancestral property among family members, courts often ask for historical Jantri values to calculate capital gains or family settlement stamp duty based on the rates prevalent at the time of the original owner’s death.