Also known as the , the Jantri is the government's official estimate of land and building values. It serves several primary functions:
It determines the minimum value at which a property can be registered. Jantri Rates In Gujarat 2001
Jantri rates in Gujarat have not always been updated annually, leading to significant "catch-up" hikes in later years: Allotment Price for the year 2001-2002 - GIDC Also known as the , the Jantri is
Used for bank loans, surety purposes, and as a prerequisite for enrolling as a government contractor. Under Section 55(2)(b) of the Income Tax Act,
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.
While the Gujarat government typically relies on the as a base for many historical calculations, the April 1, 2001 date is vital for federal tax purposes.
It helps curb "black money" transactions by setting a floor price for real estate. Historical Timeline of Revisions