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Hi Common Floor Team, i Wanted to avail a loan for purchase a land. but the land is an agricultural land
Q: Can I purchase an Agricultural land as a residential land at the time of purchase without conversion. if not, then should the process of conversion be done before or after buying the land. because i want to avail a loan for the purchase of the land and my bank gives loan against the purchase of residential loan only.
Hi, Following procedure is required to convert the land into agriculture land into non agriculture: 1.Tahasildar/Revenue Inspectors will visit the spot. 2. He will confirm whether proper approach road is available to the land and also verify the Land Tribunal's Original records and other documents submitted by the applicant. 3. In case of patta lands, conversion order will be issued by the Tahsiladar. 4. In case of LRT lands, report will be sent to the DC office. 5. Again the verification will be done at each stage in Deputy Commissioner’s office as per rules. 6. On successful verification, the land conversion application will be approved and the notice will be issued to the party to remit the conversion fees and other fees, if any, to the Government. 7. submit the original challan receipt along with the fees.
Hi Rishi, Please connect with this thread , you get more clear idea related to conversion: https://www.commonfloor.com/forum/5139d9328c9b6-converting-the-agricultural-land-into-commercial-or-residential-land
You are required to file an application to the commissioner of the land revenue department that comes under the city authority.Application should be in prescribed Form-I for Land Reforms tenanted Lands and Form No.21A for Patta lands and it should be submitted to the Tahasildar concerned.
Hi Rishi, Most of the bank do not provide loan against agriculture land, so for availing loan you have to convert agriculture land into the non-agriculture land. By default all lands are agricultural lands. Except for agriculture purpose, permission is necessary for non agricultural purposes like Residential, Commercial etc. which is known as Land Conversion.