BJP government's unprecedented hike in the `Jantri' rates (the annual statement of land rates) is lethal for a common man, this will make difficult for the common man to buy houses in Gujarat.
The proposal is to increase the Jantri rates by over 200 to 300 per cent, so a buyer have to shell out additional payment of Rs 40,000 to Rs 50,000 for purchasing property for residential purposes.
Some feel that this is done in order to compensate the Octroi abolishment in the municipal coprporation of the seven cities of Vadodara, Ahmedabad, Rajkot, Bhavnagar, Jamnagar, Surat and Junagadh. Govt. think it will be able to match for revenue losses of Rs 2,000 crores annually.