KS (IT PROFESSIONAL) 23 December 2009
Y V Vishweshwar Rao (Advocate ) 24 December 2009
In General originally all the lands are agriculktural lands . They acquired commercial Potency / house site potency accordign to the changed situiation of the area in which the Land is situated !
The Registration Web Site is showing the ladn as Commercial area as the Registration department treated the land as acqiuired the Commercal Potency for fxing the land value for registration of the land and Stamp Duty - The Registration Department can not say more than that .
If you want to convert the land from agriculture to Non Agriculture you can apply before the the Revenue Authorities of that are .
on the point - NRI can not purchse the Agricultural land - is to be answered by any Forien Excahnge consultant in this regard - let us wait any other Members opinion !
ashwini jagadi (legal officer) 26 December 2009
Dear members
as i have already informed that i am working as legal officer in chit fund company in bangalore so i need a urjent information that A poultry Farm setup on agricultural land can br taken as security as simple Mortgage or deposit of titile deed a dry land total measuring 12 acres &21 guntas. the value of the chit is 50,00,000/- for 25 months please guide me in this regard as early as possible
Thanks & Regards
Ashwini .S. Jagadi
Legal Officer
bhagwat patil (Property due diligence 9422773303) 04 April 2010
better you go for registered mortgage.