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How to buy agricultural land in Madhya Pradesh: Madhya Pradesh has the highest growth rate in the agriculture sector. Agriculture is the mainstay of the state’s economy and 74.73% of the population is dependent on agriculture. As much as 49% of the area is cultivable. About 20% of the total dryland districts of the country come from Madhya Pradesh, which reflects the superiority of dryland agriculture in the state.
In Madhya Pradesh, 40% of the total agricultural land of the country is under organic farming. Madhya Pradesh is located in central India, with 11 agro-climatic zones with diverse soil and climatic conditions, which help in cultivating a wide range of crops with diverse crop patterns. Madhya Pradesh is the largest producer of Pulses, Oilseeds, Garlic, and Coriander in India. Diversified crop patterns and the largest livestock population have helped in organic farming on 40% of the total agricultural land of the country, which not only helps to reduce the risks associated with rainfed agriculture but also improves soil health and thereby facilitate sustainable comprehensive development of the agricultural sector through sustainable development.
Madhya Pradesh – Anyone can buy agricultural land except NRIs or PIOs. If you are a Person of Indian Origin (PIO) or Non-Resident Indian (NRI), you cannot buy agricultural land, farmhouses, or planting properties anywhere in India and you will be able to inherit them.
Land should be considered the most important aspect of production, especially agricultural production. Regardless of the development of power machine civilization and the decline of vegetable culture or agriculture, the issue of food production and supply and the question of limitation in the arable or cultivable land availability is important. So, we need more and more crops to meet their demand. But the supply of land is very limited and cannot be increased as we wish. Therefore, an accurate assessment of a country’s cultivable land resources is of paramount importance in the present-day world.
Agricultural scientists estimate that about 40% of the world’s 37 million acres of land can be considered cultivable under the current pattern of cultural environment. We have already emphasized the fact that nature determines the external limits of man’s potential resources. If it is in an area where the government has planned some infrastructure projects shortly, then an agricultural land plot can make long-term profits green.
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Compensation for rural land is higher compared to urban land in terms of government acquisition. For areas where the number of cities is increasing, state governments are planning land polling policy. Though, you will be guaranteed a regular return from the polls if you become an owner under the Land Polling Policy. Central or state government has announced some kind of infrastructure projects for buying agricultural land. Since this is true for any kind of land development, the asset you have purchased will never diminish over time. However, this is not entirely true of apartments, and flats, etc. The overall structure of the land deteriorates over time and the owner has to spend a lot of money to maintain it. Good quality and fertile agricultural land investment in a good location prevent you from incurring all the maintenance costs and gives you the option to use this specific piece of land for many purposes in the future following the legal limitations.
Land Measurement – Land measurement means a surveyor will measure the total area of agricultural land and mark the boundaries. It is important to know if you are paying for the right area for agriculture purposes. Though, the surveyor will check the measured size along with the size specified in the title certificate.
Check the documents – A lot of documents are included when you want to buy agricultural land. Then, these documents need to be checked for authenticity and legality. Here are some important documents you get as part of the purchase process.
Title Deed and Release Certificate – It provides definitive information about who is the rightful owner of the land and states whether the current seller is legally entitled to sell the land. If the land belongs to more than one person (usually in the case of large areas of land), the seller must also provide a certificate of release from the owners of the other portion.
Property Bills and Tax Receipts– Property tax is mainly required to be paid annually for the land, and ensure that the seller has paid all the arrears. Additional water, electricity, and sewerage services need to be billed for buying land.
Sale Deed and Sales Agreement – It is a document that helps to finalize an agreement. It has all the information about the property that includes owner details, exact size, and location. A sales agreement is a document that states the total cost of the sale, the names of the buyer and seller, the advance payment, and other details and their signatures. The sales agreement is important and needs to be fully prepared.
Pay stamp duty and get registered – You will need to submit the details to the local municipal department and pay the relevant stamp duty once the final sale cost has been decided. Stamp duty varies from place to place. Talk to your property lawyer to find out the stamp price in the area. The process of registration takes place in the office of the Sub-Registrar. Then, this is the process by which agricultural property is transferred to the buyer.
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Title Deed of Plot – This is constructive to check whether the seller is authorized to sell the agricultural land in his name and mainly in the case of more than one. Individuals own the land being sold, the attorney confirms this if the consent of all owners and other relevant debtors involved in the land is involved.
Agreement of sale – The buyer and seller have to sign a written agreement before the lawyer. This written agreement ensures that every document submitted by the parties involved is properly verified and there is no scope for doubt.
Stamp Duty – It is useful for the payment of government taxes, and may vary from state to state.
Land Registration – It is a document signed by both parties that are recorded in the registrar’s office and tells the T&C about the transfer of property to the buyer. This mainly includes house tax receipts, original title deeds, and past actions in the presence of two witnesses.
A land deed/sale deed – It is a document that transfers the name from the seller to the buyer. In this document, find property ownership, property location, and other information such as area measurements, boundary information, and more.
Tax Receipts and Bills – The buyer must ask for tax receipts and invoices and make sure that there is no outstanding bill or receipt amount left on the land they are buying.
EC (Encumbrance Certificate) – Encumbrance Certificate document can be obtained from the office of the Sub-Registrar and is the correct evidence showing that there is no legal obligation or complaint of the land.
Changing the title of the land – Once everything is done and dusted, the land title needs to be updated with the name of the new owner. And, make sure it is recorded in the official village records.
Submit your burden and land measurement certificate – These documents should be obtained from the Sub-Registrar’s office as valid proof that the acquired land is free from any legal complications and obligations.
Required Documents
Eligibility
According to the Stamps and Management of Property and Documents Application (SAMPADA) in Madhya Pradesh, you can pay the stamp and registration charges to apply online through the dedicated portal. Now, accessing and saving these documents for future reference is faster and much easier.
Follow the steps to pay stamp duty online in Madhya Pradesh
Step 1) Firstly, you should log in to Registration and Official Website of Stamp, Commercial Tax Department, Madhya Pradesh Government,
Step 2) Log in to ‘Estamp Verify’ and proceed with the payment of the required charges.
Property Registration in Madhya Pradesh – Property registration in India is mandatory under the provisions of the Indian Registration Act, 1908. The transfer of immovable property must be registered to acquire property rights on the date of execution. The Department of Registration and Stamp is responsible for the registration of property in the State of Madhya Pradesh.
In this, the procedure of Madhya Pradesh Property Registration;
Section 25 of the Madhya Pradesh Registration Act – As per Section 25 of the Madhya Pradesh Registration Act, 1908, all the documents required for registration of deeds must be submitted to the concerned Registrar Officer within four months from the date of property registration. In case of any of the above violations, a penalty of 10 times the amount of property registration fee has to be paid.
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The purposes of property registration are as follows;
Procedure
Apply through “SAMPADA”
Required Documents
Need for document – The process of land registration in India is governed by Section 17 of the Registration Act, 1908, which applies to the whole of India.
Land registration is an important document for determining the title of a property. Land or property registration refers to document registration, change of ownership, and other transactions related to immovable property. Whenever you buy land, it is important to register it with the relevant authority to ensure legal ownership and guarantee of title. It helps reduce the risk of fraud and helps create and maintain an up-to-date public record, as well as help resolve disputes easily.
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Approximately, the cost of agricultural land in Madhya Pradesh is Rs 20 lakhs to Rs 1 crore and it will change depending on many factors. The following factors can be divided into a few categories;
Other factors affecting the cost include proximity to other attractions or desired areas, scarcity, current, and future land usage, access to economic activities, area facilities, type and proximity of neighborhood houses to property, neighborhood round parcel type and size, zoning, future development potential. The cost of conversion of agricultural land depends on many factors such as topography, agro-climatic conditions, soil health, existing irrigation facilities or type of irrigation infrastructure, average annual rainfall limit, basic facilities like road and market, the surrounding social environment, crop sampling, crop rotation monitoring, and surrounding forest cover can all be affected.
The Madhya Pradesh Record of Rights (ROR) is an extract from the agricultural land records registers of the Revenue Department of the State Government. ROR (Khasra) contains complete information about the land or property and the history of the landowners. This revenue document is an important indication of the legality of the land/property.
Record of Rights (Khasra) register is kept separately for each village in the concerned Revenue Department in Madhya Pradesh. The Madhya Pradesh government has digitized all land records online. Through the official website, property in Madhya Pradesh can easily access government land records.
The importance of obtaining a certified copy of the Madhya Pradesh Rights Record is stated here;
Some of the essential purposes of the Madhya Pradesh Records of Rights (ROR) are as follows;
The following information about land or property is included in the Madhya Pradesh Record of Rights.
Eligibility Criteria – Belongs to the Madhya Pradesh Government or any assigned land belonging to the Government of Madhya Pradesh, a certified copy of the Madhya Pradesh Rights Record will be provided, if there is no dispute over its ownership and the land concerned.
What is a loan against agricultural land?
If a piece of land is in the name of a farmer, it can be used as collateral to get a loan from a bank or financial institution. When a borrower mortgages agricultural land for money, it is called a “loan against agricultural land”, it is also called an “agricultural loan”.
Features of loans on agricultural land
Eligibility criteria for loans against agricultural land