Agricultural Land कैसे खरीदें - समझो पूरा Process और Documents - YouTube

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Music

Namaskar my name is Mukul

And welcome to asset Yogi

where we unlock the knowledge of real estate and finance

so many subscribers have asked me this question

How to buy agricultural land?

What documents should we check, Explain the whole process.

In this video, I am going to talk about agricultural land in detail, how you should buy

how you can avoid property fraud

There are also chances of fraud while buying agricultural land.

Many people sell the same land even two or three times

So how you can avoid this type of fraud?

We will talk about this in detail

This video is the third video of how to Buy property series

In the previous two videos, I have discussed already to move property

and under-construction property.

If you haven't seen those videos

then you can watch those videos

In this video, we know in detail about the buying process of agricultural land.

So you stay in this video from beginning to end.

So that you do not miss the important point.

Let's go straight to the blackboard

In this video, we are going to see the step by step process of buying agricultural land.

Also, I am going to give you some extra information about Land Records.

What details are available in land records

First of all, let us see the step by step process of buying agricultural land.

So whenever you want to buy any agricultural land.

So the first step in that is the property search,

Meaning, first identify the place where you want to buy

After that, you can search online or through any broker.

Which type of land do you want to buy?

Whatever area you want to buy,

After you have identified you will visit there physically

A physical visit is very important before buying any land

There you should see that there is no encroachment.

Has someone already captured it or not?

Is the land clear or not?

Is there a drain there?

The electric pole is not going through it,

So if something like this gets in the way

If such an obstacle occurs, then the value of that land decreases.

or if there is any land which is road facing

So it demands a premium price,

So its price is a bit high.

So you will know this only after doing a physical visit.

What kind of land is that?

After you have identified that wheater you want to buy this land or not

After that, you will check the background of the land.

Will do the complete due diligence process,

And do document verification of that land.

What are the steps in this?

You must first see what its title document says

The one who is selling you the land is a genuine owner or not.

So how is he the owner of that property?

He will have a title document.

Either he will have the sale deed.

Or else he will have a gift deed.

For example, suppose if a relative gifts land to his other relative.

Or there will be a will by which the property has been transferred.

Or maybe that property has been transferred in the name of some legal heir

He may have a transfer deed.

A legal heir means one who legally inherits the land

So after death, that property gets transferred to his name.

After that, you need to check the land records.

land records are known by different names in each state

In the state of North its known by Jamabandi, Fard, khata Khatauni, khatiyan

In the state of South, it is known by such names as ROR, Adangal, Pahani

As of today, land records are available online everywhere.

And I have made many detailed videos about this.

So you can see how you can check land records in every state

These are public records

In these records, you get to know who is the owner of the land.

Who is its real owner?

And how much area is there, you also get to know from the record.

what kind of land is that

Whether it is agricultural land or not.

if he is not selling any gram panchayat land to you.

Or is he cheating on you,

Is he not selling you the land of the road?

So you get to know all these things from land records,

And at the same time, you also get to know,

that there are encumbrances on it,

Encumbrances are basic claims of the third party

like a loan on that land

Or is there any lease on that land?

Or whether there is a court case on the land.

or suppose there are some tax dues

All these details are available to everyone from the land records.

That's why it is very important to check land records and title documents.

So that you can know whether there is any third-party claim on that land.

what is its exact area

And the type of land it is

And I will show you an example of how these land records are look like

So once you have checked the background of the land.

After that the second step is Negotiation.

For how much would you buy that land?

So for that, the right value of the property is very important.

I have also made a video on how to calculate the right value of the land.

You can watch my videos of property valuation methods

So once you have found the correct property value

And by negotiating with the seller, you come to the final price

After this, the next step is that you have to pay advance

Normally 10% advance is given

It's not a hard and fast rule.

But mostly 10% advance is given in the market practice

After this, the next step is an agreement for the sale

In this, all the terms and conditions are written for the sale

Here comes the details of the property

What kind of land is it and in whose name?

The names of the buyer and seller are mentioned

Then the sale price that you have agreed for the land is written

Payment terms are mentioned In how much time will you make the payment.

So only 2 to 3 months is given to make payment

and what will be the default penalty

Suppose if buyer and seller back off from the sale.

So how many penalties will they have to pay?

If the buyer back off so the buyer has to pay 10% normally

It becomes forefeet, the seller does not return it.

And if the seller defaults, in this case, the seller has to return double money of the advance

And in addition, the seller will also have to pay an extra 10% as a default penalty

So the seller has to give the advance of 10% back to the buyer.

So this is also not a hard and fast rule.

If you want to change this rule, then the buyer and seller can change it.

On mutual decision

But generally, people follow the market practice

After that, the payment is done

As I told you that 2 to 3 months you get time to make payment.

You make complete payment of land as a buyer in two to 3 months.

After the completion of payment, the sale deed of the land is done.

It is necessary to register the sale deed

It is registered in the sub registrar's office, and to get registered,

you have to pay stamp duty and registration charges to the government.

And it is 4% to 10% of Property value

4 to 10% of what you have agreed here it's 4 to 10% you have to pay

It is different in different states, so you have to find in your state how much is to be paid.

In some states, it is 4% or 5%,

generally, a 2% rebate is available for females.

And if it is a joint property then there is a rebate of 1%

Generally in many states, it is not necessary

And in some states, this stamp duty and charges become even more.

It goes up to 8%- 9%- 10%.

After you get the sale deed, the ownership is transferred.

Here I have written the Final Ownership document

But after getting the sale deed done in agricultural land,

you need to get mutation done.

After getting the mutation, you have to get the name changed in the land records.

And that is your final transfer.

And here it is very important to do mutation.

I cannot overemphasise this.

I also made a detailed video about it

Fraud happens with many people if they do not get mutations done.

So all the public records, the current seller of it

who sold the land he will show the real owner.

If you do not do mutation then what are the disadvantages of it

I have made a very detailed video on this, you can watch it

Let's see what Land Records looks like.

This was the whole process of how you will buy agricultural land

Now let us see that the land records which we talked about

Land records in agriculture are the most important documents.

so what does it look like,

This is an example of a Jamabandi of Rajasthan.

So as you see the name of the village is written on it.

Then halka

Then the field is written, This document is of Neemrana

Then Tehsil - District Administrationis written -Bahroad

and here the district is written Alwar

Then the name of the cultivator. Katskar means cultivator

So in this case the cultivator is the owner.

Then, the address of the residence and caste

So what is the caste of the cultivator

And what is the address of the cultivator

All these details are mentioned here of the current owner

Then what is the Khasra (plot) number?

Every field has a khasra (plot)number, that number is given here.

What is the exact area of ​​the land, it is written here.

It is given here in hectares.

This land is 1.11 hectares.

After that what kind of land it is

See this, it is written here that barani Uttam, this is the description of the type of land.

Then area

Apart from all this, these details have also been given here

How many dues are on the ground?

How the land has been transferred, its details come here

and this is the column of remarks

Here, if there is any loan or lease or any kind of third party claim on the land,

it is written here.

So whenever you buy land, Jamabandi, or in some states we call it Khata Khatauni.

So you must check such land records.

And when you get the sale deed done in your name.

So you get it transferred in your name.

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Till then keep learning, keep earning, and be happy as always.