Buying agricultural land in India involves specific procedures and considerations. While it can be a rewarding investment, it’s essential to navigate the legal aspects carefully. Here are some steps to guide you when purchasing agricultural land:
Check the Title Deed:
Verify the ownership by examining the
title deedof the agricultural land. Ensure that the seller has the right to sell the property.
Seek legal advice to confirm that the land is not encumbered or shared with others.
Land Sale Agreement:
Draft and sign a
land sale agreementwith the seller. This document should specify the advance payment, balance payment, and sale period.
Consult a lawyer and read the terms thoroughly before signing the agreement.
Stamp Duty:
Understand the
stamp dutyapplicable in your state. Stamp duty varies from state to state and is imposed on property transactions.
Pay the stamp duty as required by law.
Registration of the Land:
Register the land at the
sub-registrar’s office. Required documents include house tax receipts, previous deeds, and the original deed.
Two witnesses are necessary during the registration process.
Encumbrance Certificate:
Obtain an
encumbrance certificatefrom the sub-registrar’s office. This certificate confirms that there are no outstanding liabilities or claims on the land.
Land Measurement and Boundaries:
Collect a
land measurement certificateto verify the dimensions and boundaries of the land.
Ensure there are no pending tax receipts or bills related to the land records.
Changing Title:
If you intend to use the land for house-building, explore state government schemes that offer land parcels at affordable rates.
Be aware of eligibility criteria, domicile status, and leasehold terms.
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How to Buy Encroachment Agricultural Government Land?
chethanrangaswamy
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2024-02-28T14:04:52+00:00 2024-06-28T20:35:04+00:00Comment
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