Stamp Duty Annual Statement of Rates (ASR 2006) for Gujarat
What is ASR (Jantry) ?
Jantry OR ASR is a statement of guideline rates (i.e. market rates as per state government) for imovable properties (i.e. land & building), published by state government for the purpose of calculation of Registration Fees & Stamp Duty to be paid or Stamp to be used/affixed at the time of execution and/or registration of a deed or a document executed between parties and intended for sale and/or transfer of one or more such properties. ASR comprises of statement of rates along with guidelines for its implimentation & Input Form.
Histry of Jantry
With the introduction of the provision under section 32(A) of the Bombay Stamp Act, 1958 , which provides that Stamp Duty shall be recovered at the time of registration of the document of transfer and/or sale of properties on the basis of market value, and to that effect the first ASR (Jantry) was prepared by Government of Gujarat in the year 1984 which came into force by 1992 with required modifications. The last ASR (Jantri) was prepared during the year 1999. In February 2007 the State Government took a decision to increase the said jantry by 50% flat and to be increased further by 5% every year. In the year 2006 , Suprintendent of Stamps and Valuation Department, Gujarat State prepared a new jantry which was made effective from 01-04-2008.
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Ketan Brahmbhatt (Real Estate Valuer, Ahmedabad)
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E-mail - ketan@gicl.in
