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How to Buy Land in India

If anybody asks you about "How to buy land in India?", you can not say, " Dear go to market, pay the price of land and buy the land." because there are large number of formalities which you have to follow for buying land in India. In finance, it is the area of real estate market. With the help of real estate consultant, you can buy a land in India. But, if you have decided to buy direct from buyer of land, then following points must in mind as steps of buying land in India.


Ist Step : To check the title deed of land

Before buying land from land owner, you have to check title deed of land. It shows the ownership of person who has land. You can verify it with a lawyer to save from cheating.


2nd Step : To check release certificate

Sometime, person has given this land as security for taken loan. You can not buy that land or it may be under quarrel of brothers or relatives. So, get release certificate from bank or court. If land owner hides this matter, you can publish a note, in which, you can say, "I am buying specific land in specific area, if anybody have problem regarding buying, please contact me at my mobile."


3rd Step : To make the agreement

If above two points are ok, then take next third step. In India, land is bought and sold in Acres, Bighas or gaj. So, fix the good deal per gaj or bighas with vendor before buying the land. In India, average price of Rs. 2000 per gaj in city area and RS. 500 to Rs. 1000 in village area. This agreement should be on the stamp paper and all conditions like agreed price of land, advance given by you (buyer), time of balance amount payment, penalty for defaulting by any party and size of land and other particulars of land.


4th Step : To Register the land

After making the draft of written agreement for buying land, you have to register it with your city's sub-registrar for validity of agreement in India. You will enclosure agreement draft and all other needed documents and sub-registrar will register it and with this way, you will buy the land. Now, you are ready to build your house on it.

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Accounting Education: How to Buy Land in India
How to Buy Land in India
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Accounting Education
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