The polling for the two-phase elections will take place on December 9 and 14 and votes will be counted on December 18.
The two main contenders for power, however, have already launched high decibel campaigns, with both Modi and Congress vice president Rahul Gandhi addressing several rallies in the state in the last few weeks.
The political rivals have also launched agressive social media campaigns targeting each other.
The elections would also be a referendum of sorts on key economic reforms initiated by the Modi government including the roll out of Goods and Services tax regime and demonetisation. Gujarat, with its large trading community was impacted by both the decisions in a major way.
Also Read
The Patels have been the bedrock of the BJP's support base, apart from the upper castes and Vaishyas, the trading community. A significant erosion in the Patidar support base may dent the chances of the party which has been ruling the state for over two decades now.
The Congress party suffered a series of setbacks in the run up to the elections after its towering leader and former chief minister Shankarsinh Vaghela quit the party, triggering a revolt which saw several of its MLAs resigning from the Assembly and walking over to the BJP.
The BJP, on the other hand, may have to contend with anti-incumbency as its eyes a fifth straight term in office. Absence of a mass leader at the state level means that the saffron party will have to overwhelmingly depend on Modi's charisma to see it ensconced in the seat of power once again.
It will also have to contend with some amount of rural distress over deficient rain over the last three years.
Modi's 'son of the soil' tag, however, may do the trick for the BJP.
Smartly blending its development agenda with Hindutva politics, BJP has not lost Assembly elections in the state since 1995.
In the last Assembly polls in 2012, the BJP won 115 seats when Modi was the chief minister, while Congress pocketed 61 in the 182-member House. The BJP polled 48 per cent votes and the Congress 39, a difference of nine per cent.
The state had witnessed a record turnout of 71.30 per cent electorate in 2012 and it was a hat-trick of victories for the party under Modi's chief ministership.
In 2002, when the state went to polls under Modi for the first time in the aftermath of the communal riots that convulsed the state, the BJP won 127 seats and the Congress 51.
Amit Shah, the sagacious BJP chief under whose helmsmanship the party has scripted a string of electoral victories, has set a target of 150 seats this time.
"Our preparation is complete. We are ready for the polls and we are going to win 150 plus seats," Chief Minister Vijay Rupani asserted today.
Congress spokesman Manish Doshi said the party was ready for the polls and claimed the state wanted change.
Both Modi and Shah have visited Gujarat several times, with the prime minister launching a slew of schemes worth several thousand crore of rupees.
Rahul Gandhi has spent six days in the state in the last one month, mounting a scalding assault on the BJP governments in the state and at the Centre, and trying to puncture their claims about the Gujarat model of development.
Disclaimer: No Business Standard Journalist was involved in creation of this content