Tathastu Mango Valley

Property Details

Micro-market

Ratnagiri, Maharashtra

Property Type

Managed Farmland

Status

Available

Project Timeline

Key milestones for this project, updated as the developer confirms them.

Property Information

Legal Information

Indicative legal & tax information based on available documents; verify with your lawyer before transacting.

Occupancy Certificate

No

Fire NOC

No

Can you own this, and how?

Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.

I am buying as:

Status

• ConditionalYou can buy farmland in Maharashtra only if you are already an agriculturist.Section 63 allows a sale of agricultural land to an agriculturist or an agricultural labourer. A non-agriculturist needs the collector's prior permission, normally tied to a stated non-agricultural project.

What you actually hold

• You hold freehold agricultural title in the 7/12 extract, but only if you already qualify as an agriculturist.

Key rules and restrictions

• Section 63 allows a sale of agricultural land only to a person who is an agriculturist or an agricultural labourer.
• Agriculturist status usually means your name already appears against agricultural land in a 7/12 extract somewhere in India.
• A non-agriculturist needs prior permission from the collector, and it is normally tied to a stated non-agricultural project.
• Income ceilings and holding ceilings apply under the Maharashtra Agricultural Lands (Ceiling on Holdings) Act.
• A sale in breach of section 63 is void and the land can vest in the government.

Funds and process

• Domestic funds. Cash consideration of Rs 20,000 or more is barred under section 269SS. The buyer deducts 1% TDS under section 194-IA where the consideration is Rs 50 lakh or more.

Taxes

• Stamp duty is 5% in most municipal areas, with a 1% metro cess and a 1% local body tax in the larger cities, so the effective rate reaches 6% or 7%. Women buyers get a 1% concession on residential purchases. Registration fee is 1% capped at Rs 30,000.

Verify before you buy

• Get a certified 7/12 extract proving your agriculturist status before you sign.
• Read the mutation register entries and the tenancy column of the 7/12 for the whole chain.
• Check for a class 2 occupancy tenure, which needs collector permission to transfer.
• Confirm whether the plot sits in a reserved zone in the regional plan.

Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in India before you commit.

Investment Information

About the developer

Location

Narbe Village, Tal. Ratnagiri, Dist. Ratnagiri 415612