Gandhinagar: Real estate developers met with Gujarat Chief Minister Bhupendra Patel on Monday and sought to defer the implementation of the new ‘jantri’ or annual statement of rates (ASR) in the state which were hiked by 100% after a gap of 12 years.

The builders claimed that new rates will put an extra burden on the common man as the cost of new properties will go up with the rise in stamp duty as well as tax on the purchase of a house.

After meeting the chief minister in Gandhinagar, the developers claimed he has assured an amicable solution keeping in mind everyone’s interest.

“Our meeting with the chief minister and senior officials was held in a very positive atmosphere. We urged the CM to delay the implementation for some months. We demanded that the notification about the new jantri rates should come into effect from May 1, so that everyone gets some time,” said Tejas Joshi, President of CREDAI Ahmedabad-GIHED,

“We told the CM that the new rates will put a break on affordable housing because stamp duty, tax, and EMIs will eventually increase, forcing people to stay away from purchasing houses. The CM gave us assurance that he will discuss these issues with the concerned officials and take an appropriate decision very soon,” Joshi said.

Superintendent of Stamps Jenu Devan on Sunday said to give a continued impetus to the state’s development and to give due market value to citizens’ properties, the jantri rates existing since April 18, 2011, are being doubled from February 5, 2023.

If such a rate was Rs 100 per square metre (in an area), then it will be Rs 200 per square metre now, the official had said. DeshGujarat