Leaders like Mulayam, Jaya emulate national counterparts, ignore true value of assets
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If leaders of national parties treat Election Commission rules on declaring the real value of their immovable properties with little respect, their counterparts in the state parties seem to reserve outright disdain for the process.
Most election candidates in this category seem to have their own secret formulae to calculate the value of their assets while some others claim that they virtually own nothing.
The list includes serving and former chief ministers, former union ministers, an assortment of state party leaders and even one former prime minister.
In 2009, Orissa Chief Minister Naveen Patnaik declared that he owned a 25 per cent share in the house at 3, Aurangzeb Road, in the heart of Lutyens' Delhi and said the value was Rs 2.3 crore. But no details were given of the size of the house or how the value was arrived at. Similarly, he has claimed his Naveen Niwas in Bhubaneswar was worth Rs 2.51 crore but again not mentioned its size.
Samajwadi Party President Mulayam Singh Yadav declared in 2009 that his house in Vishwas Khand, Gomti Nagar, Lucknow, was worth Rs 10.16 lakh but did not mention its size. In 2004, he declared he owned 14.02 acres of farm land in his home district of Etawah and said it was worth Rs 26.57 lakh. In 2009, the size of the farm grew to 16.27 acres but the value remained the same. His house in Civil Lines, Etawah, was valued at Rs 32.87 lakh in 2004 and Rs 33.04 lakh in 2009 but its size was not mentioned.
AIADMK chief and Tamil Nadu Chief Minister J Jayalalithaa declared in 2011 she owned a building in Chennai's Poes Garden area whose built-up area measured about 1.5 grounds (3,600 sq ft) and that it was worth Rs 3.02 crore. But market experts said it would have been worth Rs 5 crore at least. Her house in the same area, she declared, measured about 10 grounds (24,000 sq ft) and its approximate current value as Rs 20.16 crore. But market estimates put this at around Rs 35 crore.
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