10 Deadly Sins of Land Management. T. James Joseph, Adhikarathil Rtd. Deputy Collector & Trainer.
10 Deadly Sins of Land Management. 1.
Purchased from wrong seller.
2..
Purchased prohibited land.
3.
Purchased without specific measurement.
4.
Purchased without verifying Land records.
5.
Purchase not reflected in Govt. Records
6.
Wrong Sale Deeds and Procedures.
7.
Undefined pathways.
8.
Construction/ Developement against rules.
9.
Poor Maintenance of Land and Land Records.
10.
Capital Gain Tax Defaulted.
1. Purchased from wrong seller. 1. Purchased from a person having no legal right. Impersonation Invalid muktyar holder. . Omission of legal heirs. A person who conducted patricide. Civil death not declared.
2. Purchased from a restricted seller. Minors. Scheduled Tribe. National Trust Act.
.
2.Purchased the wrong Land. 1.
Puramboke Land.
2.
Acquired Land.
3.
Surplus Land.
4.
Pledged Land.
5.
Attached Land.
6.
Sale prohibited in Pattayam.
7.
Usage restricted in Pattayam.
8.
Usage restricted by Acts/rules.
9.
Usage restricted in Town development plan.
.
3.Purchased without measurement. 1.
.
Before registration measure the land and prepare a sketch with the help of a professional surveyor.
2.
Prepare 3 copies and give it for registration along with the document.
3.
Ensure that the measurement and sketch agrees with land records in village office.
4.Purchased without verifying land records. 1.
Ensure that the measurement and sketch agrees with land records in village office.
. Check the name of thandaper holder, Survey number,
2.
Type of Land. 3.
Ensure that there is no RR/attachment/michabhoomi/LA cases related to the land.
4.
Obtain possession and non attachment cerificates, Siteplan, copies of BTR, Thandapper and FMB from Village office, obtain encumbrance certificate from Sub Registrar office. Check the status in Agriculture, Panchayath& electricity offices.
5. Purchase not reflected in government records. 1.
Ensure that pokkuvaravu of your land is done and tax is regularly remitting in Village office.
. Also create specific boundary in your land and apply in
2.
form 8 to Tahsildar Bhoorekha for sub division. 3.
Change the name of owner in PANCHAYATH records.
4.
Make an online karshaka registration . Verify the land status in data bank.
5.
Change the address in Kseb/KWA offices.
6.
Inform your post master.
7.
Modify your identity cards.(Adhar/Election)
6. Wrong Sale deeds. 1.
Ensure Sufficiency of Stamp Paper.
2.
Accuracy of Munnadharam and pattayam.
3.
Nature of Transaction.
4.
Correct address.
5.
Correct measurement.
6.
Correct Thandaper and Survey number.
7.
Correct BOUNDARIES.
8.
Signature issues.
.
7.Undefined Pathways. 1.
Avoid Easement Threats.
2.
Ensure that there is no pathway disputes.
3.
Pathways may be reflected in
.
The document. Village records. LSG Records.
8. Construction and development against 1.
Kerala Panchayath/Municipal building rules 2019.
2.
Thanneerthada Niyamam.
3.
Land assignment act.
4.
KLU order.
5.
KLR Act.
6.
KMMC Rules.
.
rules.
9. Poor maintenance of land and land records. 1.
Fix the boundary and apply for Subdivision.
2.
Develop the land.
3.
Regular remittance of taxes.
4.
Obtaining attested copies of the documents.
5.
Keep the land records in a single file.
6.
Upload the documents.
7.
Avoid dangerous Trees.
8.
Keep the land neat and tidy.
.
10. Manage capital Gain Tax. .
Point of Difference
Long Term Capital Gains Tax on Property
Short Term Capital Gains Tax on Property
Meaning
Long term capital gain on the property is applicable when the property is sold after 3 years
Short Term Capital Gain on the property is considered as a gain from selling a property which was held by you for less than 24 months.
Tax Applicable
20%
As per Income Slab Rate
Adjustments
Benefit on indexation is available on the purchase price of long term capital gains
Benefit on indexation is not available on the purchase price of short term capital gains
Exemption
Exemptions on reinvesting the gain in residential property or buying bonds issued by RECL or NHAI.
No exemption or savings is allowed on short term capital gain tax by re-investment in property
Jamesadhikaram your Land Consultant. 1. 2.
.
Website.
jamesadhikaram.com
Facebook . https://www.facebook.com/jamesjoseph2011
3.
https://www.facebook.com/100063774667298
4.
https://www.facebook.com/keralalawsonland/
5.
https://www.facebook.com/jamesadhikaramsurvey/
6.
https://www.facebook.com/jamesadhikarams/
7.
https://www.facebook.com/Kerala-Registration-of-Land-10726 9217761754/
8.
https://www.facebook.com/Michabhoomi-100979434805415/
9.
https://www.facebook.com/adhikaramhr/
10.
https://www.facebook.com/Kerala-Land-Conservancy-5863455 48669008/
. .
.
Thank Y. .
T. JAMES JOSEPH MOB -9447464502 WEB- www.slideshare.net.in/mysandesham. Email. jamesadhikaram@gmail.com