What is the Procedure of Buying Land?

I have shared a simplified guide for

land buying procedure

in this answer. Before purchasing, conduct thorough due diligence to confirm that the seller has a clear and marketable title. Ensure there are no disputes, encumbrances, or legal claims on the land. Alos, please consider your finances and ensure that you have all the necessary documents required while buying a land.

What is Included in the Plot Buying Procedure?

• Check documents like the title deed, encumbrance certificate, and patta (land registry). The land should be free from legal issues.

• Ensure that the land is zoned for the purpose you intend to use it for (agriculture, residential, commercial). In some cases, agricultural land may need to be converted into non-agricultural (NA) land before development, which requires permissions from local authorities.

• In many states like Maharashtra, a 7/12 extract is a document that provides land-related information like ownership, type of land, and encumbrances. This is essential to confirm the ownership and the legal status of the land.

• Once the buyer and seller agree on terms, they sign a sale agreement. This document outlines the sale terms, including the price, payment schedule, and other conditions. A nominal amount (usually 10%) is paid as an advance during this stage. The agreement should be notarized for legal validity.

• If the land is agricultural and you're purchasing it for residential or commercial use, you need to apply for land conversion. This is typically done with the local revenue office or urban planning authority.

• After completing the sale agreement, a sale deed must be prepared, stamped, and registered at the local Sub-Registrar’s office. Both the buyer and seller must be present, along with two witnesses. Stamp duty and registration charges are applicable, which vary from state to state.

• After registration, apply for the mutation of land records in your name. This updates the local municipal or revenue records to reflect the new ownership.

I hope you found this plot purchase procedure

informative.

Read more

When I was going to buy land last year, my friend told me that land buying process in India is a methodical procedure that needs careful planning and a systematic approach. This may entail visiting real estate platforms such as NoBroker and looking through due diligence to make sure the land is clear of any encumbrances or legal conflicts. Read on to get the detailed process.

What is the Land Purchase Process?

The procedures listed below must be followed in order to successfully buy land in India:

• Open this “

  Search Plots

  ” link.

• Choose the city and the three landmarks that you want to buy from.

• Now, tap the Search icon and follow to Ashwin M's previously stated steps 6 through 8.

• Carry out a title search to confirm the property's ownership status after choosing an appropriate plot of land.

• Discuss the conditions of the transaction with the seller when the title search is finished and you are happy with the land's ownership status.

• Once the title search is complete and you are satisfied with the land's ownership status, you can negotiate the selling terms with the seller. 

• Following that, an agreement or sale deed for the land will be signed by you and the seller.

• Last but not least to finalise the transaction and formally become the land's owner, you as the buyer, must pay the purchase price, any applicable stamp duty, and registration costs after the sale deed is executed.

Documents Required for Process of Buying a Land

• Encumbrance certificate 

• Original land title/deed  

• Release certificate of the bank

• Original property tax receipt and other bills

I hope you found this answer helpful.

Hey there buddy, I am here to share the land buying procedure with you. This is an online method I used for buying land last year. I searched through a lot of portals and finally decided to go with NoBroker. I am sharing the method below in steps to help you understand it better.

What is the Process of Buying Land?

Here is how you can buy land through NoBroker.

1. Go to the

   homepage of the NoBroker website

   .

2. Choose the buy option and then select the city where you want to buy the land. 

3. Then, select three areas in the city where you want to buy land. 

4. Click on the Land/Plot option.

5. Click on the ‘Search’ button.

6. You will be able to see all the listed lands for sale on your screen. 

7. Click on the ones you are interested in and check the details of the land. 

8. You can then click on ‘Get Owner Details’ to contact the land owner to move ahead with the land purchase procedure.

When you are buying land, you would also need documents, which include the title deed/sale deed, encumbrance certificate, NA order, original land deed, power of attorney, property tax bills and the approval document from your local authority. I was confused during the documentation process, as they need to be verified for security purposes. The whole process was made quite easier through the help of my lawyer Mr. Vivek Agarwal, who was assigned to me by NoBroker under their

. He verified the documents and guided me on what had to be done, which saved a lot of time and effort of mine. I would suggest you refer to them in the buying process as this is a risky thing if done without a legal expert. So, this is the land buying procedure. I hope this helps.

The process of purchasing land requires careful planning and execution. Whether you're a first-time buyer or an experienced investor, it's essential to understand the procedure of buying land to avoid any costly mistakes. 

What is the process of buying a piece of land?

• Consider the budget and type of land:

The first step of the land purchasing process is to determine your budget and the type of land you want to buy. Consider the location, size, and purpose of the land. Are you looking for a residential plot, agricultural land, or commercial property? Once you've narrowed down your options, research the market prices and compare them with your budget.

• Find a reliable real estate website:

The next step is to find a reliable real estate website that specialises in land sales. You can check out NoBroker as it can help you find suitable plots that meet your requirements. 

• Due diligence:

Once you've found a suitable property, it's time to conduct due diligence.

1. Make sure the property's title deed is clear before you purchase it. Additionally, be sure the seller of the land you are buying is included on the title deed.

The best course of action is to have a lawyer verify the sale deed and other documents; this will help to guarantee that the records are accurate and without gaps.

1. You should emphasise the loan certificate as this certificate is proof of any mortgage, title transfer, or legal transaction so that the purchasing land is not in question.

2. The purchaser of the property should confirm that all outstanding debts have been paid in full and should possess the required tax bill or receipt. 

Request all original receipts from the seller selling the property and never rely on photocopied receipts.

1. Check the seller's documents and confirm identity- To ensure the seller has  proper Identity proof and has a valid identity issued by the Indian Government like his Aadhaar number, PAN number, passport, income tax returns, salary certificates, etc.

2. Plots should be RERA 

• Make an offer to the seller:

After completing the due diligence, you can make an offer to the seller. This offer should include the purchase price, deposit amount, and any contingencies, such as financing or inspection requirements. Once the seller accepts your offer, you can proceed to finalise the purchase agreement and pay the deposit.

• Transfer of ownership:

Finally, you'll need to complete the transfer of ownership by registering the land in your name with the relevant government authority. This process involves paying the required fees, taxes, and stamp duties. You'll also need to obtain any necessary permits or approvals for your intended use of the land.

I hope these points clarified your query about what is the procedure of buying land.

By following these steps and seeking professional advice, you can make an informed decision and achieve your goals regarding the process of purchasing land. I hope this helps:)

Read More: