You need to make inquires with muncipal corporation as to whether you can make it a single layout and further bifurcate into 5 residential plots
if permission is granted by muncipal corporation you would be eligible for bank loan
Conversion agri land to single site layout and katha bifurcation
Myself and my two sisters got 10,000 sq.ft of land (Agriculture) in joint name, through the compromise settlement, In the city limits of SHIVAMOGGA, Karnataka. Now, as it is in City limits, we wanted to utilise the land parcel as Residential sites. We want to convert from agri to non agri land. But after alienation, if go for layout formation, it is difficult to make park and CA sites etc., except road, as it is a small land parcel. Can we make it single site layout ( After conversion from agri land to non agri land) and further bifurcate/ partition among ourselves i.e, into 4 or five sites. Whether we will get the proper katha from City municipal corporation and whether we will be eligible for availing Bank loan on such bifurcated sites. Please reply and guide us ( Sir/ Madam please note this is Karnataka state location).
Asked 1 year ago in Property Law
Religion: Hindu
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4 Answers
If it will not be feasible to obtain permission for conversion into non agricultural land after partition then better get the property converted to NA first and you can go for a mutually agreed partition among you shareholders in an amicable manner.
You can obtain khata to the partitioned portion of property accordingly.
As far as bank loan is concerned you can talk to the bank officials after that.
Dear Client, DC Conversion is a legal process in Karnataka that converts agricultural land for non-agricultural purposes. The converted non-agricultural land is suitable for residential, commercial, or industrial use. DC conversion means that the District Commissioner approves the use of land for non-agricultural purposes. To use the land for non-agricultural purposes, the landowner must file for DC conversion under Section 95 of the Karnataka Land Revenue Act. If the land has been DC converted, the owner may obtain an A Khata Certificate.
You can bifurcate the single plot into parts and get khatas for bifurcated parts respectively.
yes you can do the above and also avail bank loan
