How can you sell property in Bihar

Author: Bhushan Realtors

Do you have a house or land for sale in Bihar, India? Do you want to sell your apartment? Regardless what property type you want to sell in Bihar, you can do that on your own. There aren’t any limitations on sale of property pr land in Bihar.

How can you sell your property in Bihar?

Selling a property in Bihar is simple. You can conveniently sell your property and get the sale deed registered in the registrar’s office. You will have to pay for the registration and stamp duty fees for transfer of the property title. You can know about property title transfer and deed registration in Bihar here.

The standard rate for stamp duty is 6%, which enhances or reduces based on the gender of seller and buyer.

Therefore, one need to pay 8% towards registration and stamp duty cost for property transfers under regular scenarios.

Who can purchase property in Bihar?

There are no limitations like transfer of property rights in Bihar. In Bihar, land ownership ceiling limit ranges from 15 to 45 acres depending on land quality. There are exemption provisions for religious institutions, land necessary in connection with any other industrial or non-agriculture purpose, land held by various banks are exempted from ceiling. State Government might also exempt the operation of this Act to sugarcane farms to the extent of 100 acres.

Can a property or land be sold be adjacent to land owners?

If you sell a land without giving your neighbour the opportunity to match the market price, your sale may be cancelled and the neighbour may have the ownership transferred also.

  • According to the pre-emption law, when any land is sold by the owner, the land owner should provide it to the landowner adjacent to the land which needs to be sold. Therefore, when you want to sell a land, you should provide it to the neighbouring landowners first.
  • The right of pre- emption doesn’t bestow on the adjacent landowner the latitude to get a property at the price cherished by him.
  • If the adjacent landowner is not ready to pay it, you are free to sell it to any other person that provides you the price.
  • Send a legal notice to the adjacent landowner with you providing him to purchase the land. You should demand that they pay the entire amount in 30 days at which you have decided to sell it for any other person. If he doesn’t accept your offer during this period, you can sell it to any other person.
  • When you are ready to sell a land, you should provide the neighbouring landowners an opportunity to make an offer that is equal to the market price.

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