• NRI buying agricultural land in Tamil Nadu

How an NRI buy agricultural land in Tamilnadu and how to get loan for the same.
Asked 8 years ago in Property Law
Religion: Hindu

Ask a question and receive multiple answers in one hour.

Lawyers are available now to answer your questions.

7 Answers

NRIs cannot buy agricultural land in India except with the prior permission of Reserve Bank of India (RBI) which is granted only in exceptional cases. So apply firstly to RBI for permission to purchase. Unless the permission is granted no bank will lend loan.

Ashish Davessar
Advocate, Jaipur
30763 Answers
972 Consultations

5.0 on 5.0

The NRI is as good as Indian citizen and there is no restriction to buy property in India.

However to buy agricultural land he faces same restrictions like any other Indian citizen.

So contract local panchayat office to fulfill the formalities.

Devajyoti Barman
Advocate, Kolkata
22816 Answers
488 Consultations

5.0 on 5.0

1) NRI cannot purchase agricultural land in Tamil nadu .

2) no loan would be granted for said purpose

Ajay Sethi
Advocate, Mumbai
94695 Answers
7527 Consultations

5.0 on 5.0

There is no different procedure for NRI ,if you were belonging to Tamil nadu

Your NRI account will give you loan for th purchase.

Make deal register the sale agreement.

There is absolutely no issues as long as you have an Indian passport.

Thresiamma G. Mathew
Advocate, Mumbai
1642 Answers
212 Consultations

5.0 on 5.0

1. NRIs can not buy agricultural land in Tamilnadu,

2. You are required to get it purchased in the name of your relative or friend,

3. Moreover, there is also a ceiling of 15 acres which can be purchased in one person's name in Tamllnadu.

Krishna Kishore Ganguly
Advocate, Kolkata
27219 Answers
726 Consultations

5.0 on 5.0

A NRI is not permitted to buy agricultural land in Tamilnadu.

Since he is not permitted to buy agricultural land, here is no question of loan.

T Kalaiselvan
Advocate, Vellore
84895 Answers
2190 Consultations

5.0 on 5.0

you should buy an agriculture land in India in the name of father, mother or other relatives and make them owner thereafter take special power of attorney from him for its use and alienation etc. after lapse of some time you should get that land in gift from the owner.

Shivendra Pratap Singh
Advocate, Lucknow
5127 Answers
78 Consultations

4.9 on 5.0

Ask a Lawyer

Get legal answers from lawyers in 1 hour. It's quick, easy, and anonymous!
  Ask a lawyer