The Gujarat government has proposed revised land rates for 2024, highlighting significant increases across the state. In Ahmedabad's Bodakdev area, rates for open plots in TP Scheme No. 50 have surged sixfold, rising from INR 10,700 per square meter in 2011 to INR 58,000-60,000 per square meter. Other areas like Thaltej, Gota, and Makarba have seen rates climb two to six times. These revisions aim to address disparities from the 2011 update, such as inconsistent pricing along Drive-In Road.
The Gujarat government's revenue department has released a draft of revised land rates for 2024, revealing substantial hikes across the state. The most notable increase is in Ahmedabad's Bodakdev area, where rates for open plots in TP Scheme No. 50 have surged sixfold. Previously set at INR 10,700 per square meter in 2011, the rates are now proposed to range between INR 58,000 and INR 60,000 per square meter.
Other areas in western Ahmedabad, including Gota, Thaltej, Makarba, and Jodhpur, are also experiencing significant increases, with rates climbing two to six times higher than before. The proposed revisions aim to address longstanding discrepancies observed during the 2011 revision. At that time, inconsistent rates created disparities along key locations such as Drive-In Road. For instance, plots on one side of the road in Bodakdev were priced at INR 10,000 to INR 12,000 per square meter, while those in Thaltej on the opposite side were valued much higher, at INR 50,000 to INR 54,500 per square meter.
To address such anomalies, the new draft proposes a more uniform approach. The updated rate for open plots in Bodakdev along Drive-In Road is set at INR 60,000 per square meter, while in Thaltej, it varies from INR 70,000 to INR 1.25 lakh per square meter, reflecting a more balanced assessment of land value.
The history of jantri (land rate) revisions in Gujarat provides context for these changes. The first rates were introduced in 1999, using 1997 as the base year. A new set of rates was implemented in 2008, applying uniform values to all survey numbers in villages surrounding cities. In 2011, for the first time, rates were based on revenue survey numbers, but public backlash over steep increases and disparities led the government to reduce them.
Despite announcements of annual updates, no new rates were implemented after 2011 until recent years. In 2023, rates were doubled, marking a significant shift after more than a decade of stagnation. The 2024 draft reflects a continued effort to align land values with market realities while addressing public concerns about fairness and transparency.
The proposed changes, especially the dramatic rise in Bodakdev, signal a shift in the valuation of urban land, potentially impacting real estate and infrastructure development. With efforts to rectify previous inconsistencies, the government aims to create a more equitable system while responding to evolving market conditions.
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