Rules related to NRIs buying agri land
- Thread starter kpraja
- Start date
As far as Tamilnadu goes if you are a citizen of India then you will not have any difficulty in purchase of agricultural land in Tamilnadu. At the time of Registration of the land you will have to show your Photo proof and your Indian Passport for address proof.Can someone explain the rules related to NRIs buying agriculture land in Tamil Nadu?
pskrishnan
Active Member
NRI's cannot purchase agricultural land as per the law of the land and RBI guidelines, purchase any, if made, is not validCan someone explain the rules related to NRIs buying agriculture land in Tamil Nadu?
ramsforums
Member
Here are some info
Detailed rules can be fund here
Reserve bank of India website
Reserve Bank of India
Specific Question answered
Q.2. Whether NRI/PIO can acquire agricultural land/ plantation property / farm house in India?
A.2. No. Since general permission is not available to NRI/PIO to acquire agricultural land/ plantation property / farm house in India, such proposals will require specific approval of Reserve Bank and the proposals are considered in consultation with the Government of India.
Q.13. Can an agricultural land / plantation property / farm house in India owned / held by a non-resident be sold?
A.13. (a) NRI / PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India.
(b) Foreign national of non-Indian origin resident outside India would need prior approval of Reserve Bank to sell agricultural land/plantation property/ farm house in India
Q.15. Can an NRI / PIO / Foreign national holding an agricultural land / plantation property / farm house in India gift the same?
A.15. (a) NRI / PIO can gift but only to a person resident in India who is a citizen of India.
(b) foreign national of non-Indian origin needs prior approval of Reserve Bank
Q.31. Can a person who had bought immovable property when he was a resident, continue to hold such property even after becoming an NRI/PIO?
A. 31. Yes, he can continue to hold the residential / commercial property / agricultural land/ plantation property / farm house in India without the approval of the Reserve Bank.
Detailed rules can be fund here
Reserve bank of India website
Reserve Bank of India
Specific Question answered
Q.2. Whether NRI/PIO can acquire agricultural land/ plantation property / farm house in India?
A.2. No. Since general permission is not available to NRI/PIO to acquire agricultural land/ plantation property / farm house in India, such proposals will require specific approval of Reserve Bank and the proposals are considered in consultation with the Government of India.
Q.13. Can an agricultural land / plantation property / farm house in India owned / held by a non-resident be sold?
A.13. (a) NRI / PIO may sell agricultural land /plantation property/farm house to a person resident in India who is a citizen of India.
(b) Foreign national of non-Indian origin resident outside India would need prior approval of Reserve Bank to sell agricultural land/plantation property/ farm house in India
Q.15. Can an NRI / PIO / Foreign national holding an agricultural land / plantation property / farm house in India gift the same?
A.15. (a) NRI / PIO can gift but only to a person resident in India who is a citizen of India.
(b) foreign national of non-Indian origin needs prior approval of Reserve Bank
Q.31. Can a person who had bought immovable property when he was a resident, continue to hold such property even after becoming an NRI/PIO?
A. 31. Yes, he can continue to hold the residential / commercial property / agricultural land/ plantation property / farm house in India without the approval of the Reserve Bank.
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latha senthil
New Member
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ffytyrrrhjtuuuutAs far as Tamilnadu goes if you are a citizen of India then you will not have any difficulty in purchase of agricultural land in Tamilnadu. At the time of Registration of the land you will have to show your Photo proof and your Indian Passport for address proof.