The value of assets owned by Gujarat Chief Minister Narendra Modi has crossed the Rs 1 crore mark in 2012, from Rs 40 lakh five years ago, as per his affidavit accompanying the nomination papers for Assembly elections.

Modi filed the papers for Maninagar constituency in Ahmedabad on Friday. The value of the Gujarat CM's assets stood at Rs 40 lakh in 2007. His assets at the time included a plot in Gandhinagar Sector-1, bought for Rs 1,30,488, and valued at Rs 30 lakh. The market value of this plot has been shown as Rs 1 crore in the present affidavit. The development work on the plot is worth Rs 2,47,208, it says.