THE REQUIREMENTS TO BUY AGRICULTURAL LAND IN INDIA

It is important to know the laws for acquiring agricultural land in India. It varies from state to state and in some states like Karnataka only farmers are entitled to buy agricultural land and in some states like Tamil Nadu, anyone can buy. All over India, NRIs, POI, and foreign citizens can’t purchase agricultural land/plantation property/farmhouses. They can, however, inherit.

So it is important to verify that whether you are eligible to buy Agricultural Land and how much you can own in the state of India you wish to own Agricultural Land. And it is also important to know the prevailing Market Price of the Land in the Area you want to buy.

It is always advisable to visit the property in person and meet the seller in his house or office. It is important to know the water source and soil strength of the property whether it suits your agricultural thoughts and dreams.

Verify all Original Documents, Encumbrance Certificate for 30 years, and ensure the saleability of Land. It is always advisable to get Legal Opinion from Legal Experts. Verify All Original Revenue Documents are in seller’s name, Land Tax Receipts paid by the seller, and ensure NIL Tax Liability. It is always advisable to meet the concerned Village Administrative Officer to know about the cultivation history of the land and seller’s possession of Land.

Measure the Land which is going to be conveyed to you with a qualified Land surveyor preferably with the Government Surveyor along with Landowner. Ensure the correct measurements which are going to be conveyed to you and mark the boundaries.

Investing in Agricultural land in India has great advantages, the major one being the agricultural income is exempted from taxation and not included under total income. Agricultural income earned by a taxpayer in India is exempt under section 10(1) of the Income Tax Act,1961. In all the States of India, the concerned Agricultural office will help the Farmers and educate about new technology in Agriculture and marketing ideas.