NRI buying Agricultural land for investment / Residential purpose

515 votes

All the above mentioned query please note down that Uttar Pradesh revenue code only Indian residents purchase agricultural land and and if the agent said that you can purchase the land for residential purpose , that stamp duty on residential land is more higher than agricultural land . it means in Uttar Pradesh the stamp duty on agricultural land is 2% of the total cost of the land , but please understand that the sale consideration or the market value which is higher , the stamp duty paid on the higher amount . for residential land the stamp duty is 7% of the total cost of the land which is higher that is market value or sale consideration . please don't believe your agent and before purchase and registration of the sale deed please apply for the conversion of land agricultural to residential .
your another option is very risky because in every case if the land aur any property purchased by the father in his life , thereafter after the demise of the person , the legal Heirs can file a partition suit aur permanent injunction of the side land or property .

Advocate Ankit Gupta LawRato

627 votes

You will have to file an application to the secretary to the state government in Revenue Department and after getting the permission you can purchase the land this is the only way you can purchase the land in UP in your question the other way which you have discussed it is wrong and for more query you can contact me.

Advocate Ashutosh Kumar Singh LawRato