Buying a plot and registration
Can the members kindly advise what are the types of corruption one is expected to face when buying a plot of land in Delhi or NCR. My sister who lives abroad is keen to invest in a farm house here and I am just very hesitant of being her local representative here for the transaction.
Please advise if this can be done honestly and how. They only can pay by cheque. more
If your sister's requirement is not necessarily limited to a "farmland" and if a plot of land of over 500 sqyd area in a fast developing area of Gurgaon, on which either a grand villa or a holiday cottage could be built, may serve as alternative, then you may contact me at 98 1846 1854. The plot is owned by my wife, clear title, full cheque payment no hinderance.... more
Just a word of caution - to the best of my knowledge, an NRI ( Foreign passport holder or OCI ) CANNOT buy agricultural land - so if the plot your sister is buying is an agricultural land the sale is not permitted by law. Agricultural land when sold to builders is first converted to residential or commercial use land ( change of land use ) and then only can they be sold. So before buying farm land /house check the papers and make sure it is not agricultural land . Ideally get someone to check the papers before paying anything up front to the owner/builder . Hope that helps more
Mr. Virmani, that was my personal experience when buying a plot in Greater Noida in Feb 2014, I personally prefer to take all means not to pay bribe even if this result into more financial burden when going through right channel. I paid full amount legally and seller had no objection because market price vs circle rate has only 10% difference (Delta III). It may be different situation on Delhi or more expensive areas. Also the circle rate for industrial plot in Greater Noida is higher than the market value, so situation here is different. However under table money is something is charged on all registrations, and as I understand this is distributed among all people including senior people in authority. Just a simple check on the wealth of the people who are working under authorities can reveal bitter truth. Awaiting more details if you get on this topic from yourself. Thanks for raising this issue. more
Dear Mr. Asif, I am really amazed if the difference between circle rates and market rates is 15 to 20% as stated by you. In that case why the sellers are asking cash (2/3rd cash and 1/3rd cheque) and why the office of registrar should charge even 0.2 to 0.3% as under table fee. I remember the office of the registrar do not even respond RTI application. I will definitely revert on this subject shortly. more
With circle rates getting revised frequently in Delhi / NCR, the difference between the market value and government rate is not much (around 15 to 20%) in most locations. I never faced any issue buying property at fill price and get it registered. However there is a wide spread corruption when it comes to get the property registered, you pay easily 0.2 to 0.3 % to the registrar office otherwise you file will not move. this is done through the property dealer normally and are hidden or under table charges which someone you may even notice unless u check all receipts. more