Do you have a land or house for sale in Bihar, India? Do you have an apartment that you want to sell?
No matter what type of property you want to sell in Bihar, you can do that freely. There aren’t any restrictions on sale of land or property.
How can you sell your property in Bihar?
Selling a property in Bihar is easy. You can easily sell your property and get the sale deed registered in the respective registrar’s office. You will have to pay a stamp duty and registration fees for transfer of property title. You can learn about property title transfer and registration of deeds in Bihar here.
Stamp duty in Patna, Bihar
| Stamp duty as percentage of the property cost | 6% |
| Stamp duty when seller is a man and buyer is a woman | 5.6% |
| Stamp duty when seller is a woman and buyer is a man | 6.4% |
| Registration fee as as percentage of the property cost | 2% |
The standard stamp duty is 6%, which increases or decreases based on the gender of buyer and seller. The registration fees for property deed title is standard 2% of the property value in all cases.
Hence, one has to pay 8% towards stamp duty and registration cost for property transfers under normal scenarios.
Who can buy property in Bihar?
Any Indian citizen or any person of Indian origin can buy property in India, including Bihar. There are no restrictions as such on transfer of property rights in Bihar.
In Bihar, land ownership ceiling limit ranges from 15 acres to 45 acres depending on quality of land. There are exemption provisions for religious institutions, land required in connection with any other non- agriculture or industrial purpose, land held by different banks are exempted from ceiling. State Government may also exempt the operation of this Act to sugarcane farms to the extent of 100 acres.
Can anyone buy agriculture land in Bihar?
Yes. Anyone can buy agriculture land in Bihar. There are ceiling limits on agriculture land ownership.
Can any land / property be sold only to the adjacent land owners?
No, but the neighbouring land owners have the first right to offer.
If you sell a land parcel (or a plot with a house) without giving your neighbor the chance to match the market price, your sale can be cancelled and the neighbor can have the ownership transferred too.
- According to the law of pre-emption, when any land is to be sold by the owner, the land owner must first offer it to the owner of the land adjacent to the land which is to be sold. So, when you want to sell a land parcel, you must offer it to your neighboring land owners first.
- If any land parcel is sold to some one else without giving the neighboring land owner a chance to match the market price for purchase, the adjacent land owner can file a lawsuit to pre-empt the sale of land and also to get the land transferred to him after the sale is complete.
- When you want to sell a land parcel, you should give the neighboring land owners a chance to make an offer that’s equal to the market price. If you have a purchase offer from some one, you should give a notice to the neighboring land owners and allow them a chance to buy the property at the price you have received.
- Send a legal notice to adjacent land owner with your offering him to buy the land. You should demand that they pay the full amount within 30 days at which you have agreed to sell it to any other person. If he refuses to accept your offer within the duration, you can sell it to the other person.
- If the adjacent land owner is willing to pay the market price, you must sell the land parcel to him. If he is not willing to pay it, you are free tosell the same to any other person who offers you the price.
- The right of pre-emption does not confer on the adjacent land owner the latitude to get a property at the price desired by him.