How to sell agricultural land in india


How can I Sell my Land in India?

A person staying abroad can sell his or her land in India, by authorising a third party to sell the land on his or her behalf. In such cases, the power of attorney should be witnessed and duly signed by an officer in his province’s Indian embassy.

How to buy land for agriculture purpose?

Step 1 If you want to buy land for agriculture purpose you need to be first a farmer. If you are not a farmer you have to buy Non agreeculture land. Step 2. To buy Non Agreculture land you must get in touch with a Real Estatevconsultant who understand your exact needs and purpose of buying land.

Can NRIs buy agricultural land in India?

An NRI or OCI can receive an agricultural/ plantation property or a farmhouse as a gift from a Resident Indian but an NRI can’t give such properties to other NRIs as gifts. An NRI can only give such properties to a Resident India as gifts. How can NRI get permission to buy agricultural land from RBI?

How to transfer land from seller to buyer in Tamil Nadu?

This link is for Chennai zone, Tamilnadu. Once the price is agreed the seller then prepares a legal document to transfer the land / property to the buyer. This has to be witnessed by 2 parties (signature on the document) during registration. There are document writers available nearby every zonal registration offices in India.


Can I sell agricultural land in India?

If you are into buying and selling land regularly or in the course of your business, i.e., if you hold agricultural land as stock in trade then in such a case, any gains from its sale are taxable under the head Business & Profession, i.e., no capital gains shall be chargeable on such agricultural land.

What is the cost of 1 acre of land in India?

1.06 million (53,000/0.05) per acre.

Can agricultural lands be sold?

Public agricultural lands which are not located within ten (10) kilometers from the boundaries of the city proper in chartered cities or within five (5) kilometers from the municipal hall or town plaza of any municipality may be sold to actual occupants who do not own any parcel of land or whose total landholdings do …

How long does it take to sell agricultural land?

It usually takes six to 12 months to sell a farm. May to mid-July is the time when most properties come on to the market. If you have pedigree livestock that also need to be sold, consideration should be given to the seasonal nature of breeding stock sales.

Which state in India has cheapest land?

states like KARNATAKA,MADHYA PRADESH,ASSAM,GUJARAT,RAJASTHAN,MAHARASHTRA have cheaper lands compared to other states. Also if you go away from the cities to the inner remote parts of these states you may purchase land at maybe still at rs200000 per acre.

How much does 5 acres of land cost in India?

5 Acres Agriculture Land For sale Rs:25,000,00/- Per Acre ,15 KM Distance From Kothavalasa Hurry….

Can I claim land after 35 years?

12 years is the statutory limitation for seeking or making any claim on property. You and your dad have been in possession of the property since more than 30 years, mutation is also in your name. the legal heir who ever is making any claim, just reject it, if he wants to move court then let him do it.

Can agricultural land be converted to non agricultural?

The Karnataka Land Revenue Act, 1964, requires owners of farmland to apply for conversion to change the nature of the land from agriculture to non-agriculture.

How do I convert my agricultural lot to residential lot?

You have to apply to the government authority, explaining the purpose of conversion. Along with the application, you will need to attach certain documents, the latest tax declaration covering the subject property and vicinity map.

How do I sell to farmers?

How to Sell at a Farmers MarketDecide what you’re going to sell. You may already have an idea of what you’re going to sell based on your own handmade or grown goods. … Make a business plan. … Set your budget. … Register your business and acquire any permits or licenses. … Claim your spot. … Figure out the logistics.

Is capital gains tax payable on sale of agricultural land?

As Rural Agricultural Land does not constitute a Capital Asset, therefore Capital Gains Tax is not levied on the sale of Rural Agricultural Land. This will apply irrespective of the value of the transaction and the capital gains tax on sale of agricultural land will not be levied in any case.

How do I sell farmlands?

The Ultimate Guide to Selling FarmlandSetting the Stage. … Understand Your Cash Position. … Research Local Land Values. … Check For Existing Liens / Leases. … Consider Your Ownership. … Who to Hire. … Real Estate Agent / Broker. … Lawyer / Finance Professionals.More items…•

Why is it so hard to sell land?

Unlike selling a house and only putting the for sale sign up and watching traffic happen, selling a piece of land is much more difficult because there are fewer people looking to invest in property.

Why is there a limited amount of real estate being sold?

You have limited amount of real estate being sold because the land zoning (that creates artificial shortage of land for construction) is there to make the friends of the politicians (builders, real estate companies, etc.), and the politicians , rich…at your cost.

Is there a shortage of zoned land in India?

So the shortage of zoned land – on which real estate is constructed – is a man-made shortage in India…a shortage created by policy. As we saw during the license raj days of 1980s, you had the Ambassadors and Fiats as the only cars selling in India.

Who can buy land in India?

However, in other states, like Karnataka, only registered farmers or those from farming families can buy agricultural land.

What documents are needed to convert land to non-agricultural?

The necessary documents like sale deed, tax paid receipt and mutation letter, have to be submitted with the application form, along with details like the dimensions and extent. Depending on the property and locality, a fee should be paid for the land to be converted to non-agricultural purposes.

What is a conveyance deed?

Conveyance deed or sale deed of the land. A sale deed is a document that transfers the title of the property, from the seller to the buyer. This document will help you to determine ownership of the property, where the property is located and the details such as site measurement, boundary details, etc.

How long does it take to register a deed in India?

As per the Indian Registration Act 1908, the deed should be registered at the sub-registrar’s office, within four months of the date of the execution of the document. Details such as original title deed, previous deeds, house tax receipts and two witnesses for registration of the property, should be provided in the document.

What is a title deed?

Title deed of the land plot. The title of the property confirms the seller’s name and also verifies whether the seller has an absolute right to sell the property. The original present deed and previous deeds, should be examined by a lawyer, to verify that the seller has not allowed access to others through this land.

What should a buyer check on property taxes?

The buyer should check the latest property tax bills and can ask for the same at municipal offices. The buyer must also ensure that notices or requests relating to the property are not outstanding. Water, electricity are other bills, should be up to date.

What documents are needed for a conversion of land?

The necessary documents like sale deed, tax paid receipt and mutation letter, have to be submitted with the application form. The authorised person, like the deputy commissioner or the collector, will permit conversion of the land if the necessary conditions have been met and no litigation is pending.

Is there capital gains tax on agricultural land?

The taxation on sale of agricultural land is different for rural and urban areas. Rural agricultural lands are not capital assets therefore no capital gains tax is applicable whereas in case of urban agricultural land capital gains tax is applicable.

Can NRIs give money outside India?

NRIs can sell an inherited property or gift the same and remit the money outside India. However, NRIs can give an inherited property as a gift only to an Indian resident or to another NRI/ Persons of Indian Origin (PIO) (apart from agricultural land).

Can an NRI give a farmland?

An NRI can only give such properties to a Resident India as gifts. In easy terms:

Can an NRI inherit land?

Inheritance of Agricultural Land for NRI. NRIs as well as OCIs can’ t directly buy agricultural land, plantation property, or a farmhouse in India but they can inherit it from a Resident Indian. An NRI can even inherit such properties from other NRIs subject to certain regulations such as special permissions from RBI.

Can an NRI gift land to an Indian?

NRI to Resident Indian gift of property. Yes; Can be gifted. NRI to NRI gift of property. No; Can’t be gifted. Gift of Agricultural Land to NRI and vice versa. Note: Property in the above table refers to agricultural land, plantation property and farmhouses. Also, consider the Benami Act while gifting properties.

Can an NRI buy a house in the name of another person?

An NRI can’t buy a property in the name of another person unless that person is a spouse, brother, sister or lineal ascendant or descendant. Buying a property in the name of someone else is considered illegal under the Benami Act.

Can NRIs buy farmland in India?

According to Foreign Exchange Management Act and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018, both NRIs and OCIs aren’t allowed to buy any agricultural land or plantation property or farmhouses in India by law unless they get a special permission from the Reserve Bank of India (RBI).

Potential buyers for NRIs to sell property in India

An NRI can legally put on the market his/her residential or commercial property to any person residing in India or another NRI or a person of Indian origin (PIO). One can also mortgage the property to a certified real estate dealer or a financial establishment regarding with home loans.

A complete manual for NRIs to sell property in India and bring money to USA

A comprehensive evaluation of the property should be the foremost step when going in to sell an inherited property in India from USA. Understanding the market in relation with the property and targeting the apt buyers with a suitable price is the second step.

What are the Documents required to sell property in India from USA?

Passport is used as a proof of identity for the NRI involved in transactions.

USA Tax implications of selling inherited property in India

Since the India and USA are under a Double Taxation Avoidance Agreement, the amount can be deducted which is paid for gains tax in India to the capital gains tax which is indebted to the US government.

Exemptions and how to save tax when selling property in India

It is presented when there is a long term capital gain on the sale of house property of the NRI. The house property may be self-occupied or available for rent. However, the exemption shall be bounded to the total capital gain on sale. Also, one can procure the property either one year before the sale or 2 years after the sale of the property.

Repatriation of Indian Property

NRI selling property in India can lawfully repatriate money overseas. Nevertheless, it is commonly seen that NRI transfer funds or bring back money to USA obtained from property sell in India via private money transfer process.

What is the procedure to be followed to repatriate money abroad by an NRI ?

The simple 4 step procedure to be followed by an NRI to sell property in India and repatriate money to USA is as follows:


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