TIPS for the Land sellers and buyers in Kerala ppt from james joseph adhikarathil

1. Asset maintenance
LAND.
T. James Joseph

2. Make your choice.....?
1. ACHIEVE YOUR GOALS
2. Maintain/Enjoy your Success.
3. ……………………… ?
4. MAKE YOUR WILL.

3. IS YOUR LAND SAFE.....?
1. Un disputed Possession.
2. VALID DOCUMENT.
 Well defined boundaries.
 Free from Puramboke.
 TREES..?
 PARENTS…..?

4. KNOW THE LAND RECORDS
REVENUE
 Survey Number…..B.24 Sy 234/7-2….Number of the land
 Thandaper Number---- B.24, 5764 .Number of the land
owner.
REGISTRATION
DOCUMENT Number…….1923/2018- SRO ktm
LSG-Panchayath
House number… XI/432

5. LAND RECORDS
 BTR
 THANDAPER REGISTER.
 Field Measurement Book( FMB)
 Your land details should be reflected in the above 3 registers.
Pokkuvaravu will make change in BTR and Thandaper Register.
For making changes in the FMB application for subdivision should
be given to Tahsildar(LR) in Form No 8 after ensuring Well defined
boundaries for your Property…..

6. Thandaper
 .

7. Basic tax
 .

8. KNOW TO MEASURE YOUR
LAND
 One Are(100 sq.M)= 2.47 Cents One cent= 0.405 Are
 One Hectare = 2.47 Acres =40.5 sqm
=435.6 sq ft.
 One Are = 1076 sq ft
 One cent = 435.6 sq ft

9. KNOW TO MEASURE YOUR
LAND
 Measure the length/breadth of the land by stepping.
For a rectangular plot length wise 2 measurements 19 &21
 breadth wise 2 measurements 14&16
 Take the average of lengthwise measuremnts19+21 =20
2
 Take the average of lengthwise measuremnts14+16 =15
2
Multiply the averages ie lengthX breadth=20X15=300sq mts
=3 Ares
=3X2.47cents
=7.41 cents

11. 12 point Check list for the Purchaser.
1. Whether the seller has possession.
2. DOCUMENT.
3. Well defined Boundaries.
4. Free from Disputes….
5. Support of Revenue records
6. Liability …..? Regular Tax payer..?
7. Prohibited category…?
8. Disaster prone area..?
9. Suitability for the purpose….?
10. Value for money…?
11. Accessibility.
12. Your neighbors …..

12. Prohibited catagory.
1. Data bank
2. BTR Nilam purayidam
3. Premature disposal of pattaya land.
4. Adivasi/SC ST land
5. Attached land
6. Puramboke.
7. Micha Bhoomi./plantation exempted.
8. Land acquired for Govt purpose.
9. EFL.
10. High tension Line.
11. Plotted property- layout approval of town planner.

13. ..
Clarity is the key.
1. Ensure that the survey number/area and Boundaries are correct.
2. You can also include sketch of your land in the document ,,,,
3. Ensure proper documentation of land records.
4. Ensure regular remittance of tax.

14. Precautions…..
1. SRO will not caught you…But the VO …
2. Legal heirship certificate should be obtained
in Pinthudarchavakasa cases.
3. Brokerage ..?
4. Arrears cleared..?
5. Power of attorney..Adjudicated.
6. Ensure air, sunlight and water.
7. Boundary with road,cana,river,( 3meter
distance for building )rail(Noc from railway
within 30 mts) should be aware of minimum
distance for construction.
8. Waste disposal…

15. Precautions…...
9. Be aware of change in boundaries in the document
and the site.
10. Ensure that the tile holder is the seller and he
has not sold the land previously.
11. You cannot pledge the property if there is no
accessibility.
12. Future increase in market value should be taken
into account..
13. AS per the order FEMA 21/2000-RB dated
03/05/2000 NRIs cannot acquire agricultural land
in INDIA-But the can do this after return.
14. While purchasing a business man”s property
ensure NO dues clearance from sale tax
authorities…….

16. Precautions..
14. NRIs may give the purchase money from
their NRI account . They can avail the m
selling price after remitting tax
(repariation ) Twice in the case of
houses and unlimited in the case
ofmcommercial properties.

17. Important points
1. Ask the seller to show the original….reply
must be satisfactory.
2. Bargaining Face to Face.
3. Instead of Token advance give sufficient
amount as security..Land, Document or
both…..
4. Paper advt may be given in some cases.
5. In agreement violated cases appear before
registrar in the due date and be a witness in
some other documents.
6. Broker fee only after transaction.
7. Land should be measured and sketch should
be included in the document.

18. CAPITAL GAIN.
1. If you purchase the property for Rs 5 lakhs
and sold it for Rs 25 Lakhs ..tax should be
given for the profit 20 lakhs.
2. There is special criteria and table with
income tax dept to fix the rate.
3. You can get exemption if you purchase
another property within 2 years ao construct
a house within 3 years utilising the profit.
4. Exemption and 6% interest will get if you
deposit the profit in capital gain Bonds such
as NH authority of India , Rural
electrification corporation of India etc.

19. Check list
1. Ask the seller to show the original….reply
must be satisfactory.
2. Bargaining Face to Face.
3. Instead of Token advance give sufficient
amount as security..Land, Document or
both…..
4. Paper advt may be given in some cases.
5. In agreement violated cases appear before
registrar in the due date and be a witness in
some other documents.
6. Broker fee only after transaction.

20. Check list
1. Be aware of Hidden charges….
2. Be aware of super area and carpet area.
3. Ensure that builder has remitted taxes.
4. Ensure that the house is free from
encumbrances.

21. Easement Right.
1. For and against rights should be checked.
2. Positive easement rights and usage of private
roads should be mentioned in the document.
3. Senior citizen who excuted the dhana nischaya
addharam after 2009 oct 30 should be made as a
party ,.
4. Adayavasikal should me mde as a party.

22. Permission to register document
1. Minor- Court should appoint Guardian.
2. Mental disability…..Court permission.
3. Physically challenged
Cerebral palsy/otism…Dist. Level committee
1. Scheduled tribe transaction after 1960…..
Collector.
2. EF Area transaction after 2000 june 2-govt land.
3. LA …Before 4(1) notification.
4. Heritage zone ….Restrictions kala paitruka commission
5. CRZ- distance limit should be observed

23. Registration
1. Signing …Execution
2. Filing ……Ref
3. Buyer should bear the Cost.

24. Agreement
1. It is not a deed.
2. There is no transaction.
3. Seller details-Buyer details- Land details- price-time
limit-date of registration should be mentioned.
4. Agreement must be registered.
5. For a trasanction to the third party first agreement
shouldbe cancelled.
6. Rs 200 stampaper and 2% of the advance amount as
registration fee.

25. What seller should know…
1. Cash transaction should be made through BANK.
2. If the amount is received as CASH , Full amount is
taxable.
3. If the amount received as cash is is greater than Rs Two
Lakhs, FINE amount equal to the cash received has to
pay.
4. PAN card for transaction above Rs 5 Lakhs.
5. Transaction above 30 lakhs to be reported to income
tax authorities by the registrar.

26. POKKUVARAVU
 No application necessary.
 You have the right to effect in the absence of
document.
 If the resurvey area exceeds document area you have
the right to get the tax remitted.
 You can remit Basic Tax online.
 After pokkuvarav ROR and possession certificate should
be obtained and keep it with your document.
 After Pokkuvarvu ,make correction in
panchayath/KSEB/Water authority records.

27. FMB
 Apply for subdivison
in Form 8 and form 10 is
For pointing out the
Boundary of your Land..
Obtain a copy of FMB or
sub division sketch and keep
It with your document.

28. FMB
 When pattayam is received
obtain a copy of pattaya mahazar
And sketch and keep it with
your document .

29. FMB
 After land acquisition
a copy of the award and sketch
Should be obtained and keep it with your

30. Indian Succession Act !925
 After the death of husband , wife is eligible for 1/3rd of
the assets and remaining 2/3rd will be divided equally
among sons/daughters.
 If no sons and daughters wife is eligible for ½ of the
shares and the remaining ½ is divided equally among
parents/brothers/sisters.

31. WILL
 Need not be registered.
 Registered will is more safe.
 Sound mind / suomoto
 Can alter by the testator.
 Valid only after death of the testator.
 Validity is only for the FINAL WILL.
 Two witnesses

33. Thank You!!
 .
T. JAMES JOSEPH MOB -9447464502
WEB- www.slideshare.net.in/mysandesham.
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