NRI agriculture property buying legal issues - FEMA Act

[m0nster]

After listening this I read more about it online and it looks like it's true. Edhi telika last year oka 10 Acers konna half on my name and half on parents name. Not sure amavtundho.

Mari mana NRI tejalu full ga kotuunaru ga... Is there any work around to avoid these legal complications? 

 

 

 

[psycontr]

2 minutes ago, m0nster said:

After listening this I read more about it online and it looks like it's true. Edhi telika last year oka 10 Acers konna half on my name and half on parents name. Not sure amavtundho.

Mari mana NRI tejalu full ga kotuunaru ga... Is there any work around to avoid these legal complications? 

 

 

 

Direct parents name pai koni then after an year gift deed on your name chesukunte any issue ?

[Android_Halwa]

1 minute ago, psycontr said:

Direct parents name pai koni then after an year gift deed on your name chesukunte any issue ?

That used to be safe way…but iyalrepu siblings vunte contest chese chance vundi…even though on paper it may appear as self acquired property by parents, gift deed chesinaka siblings can contest…

but vunna options la ide better route…

[m0nster]

4 minutes ago, psycontr said:

Direct parents name pai koni then after an year gift deed on your name chesukunte any issue ?

nope even if we do this way law is still favor to FEMA anta, they will say we intendedly bought property on parents name with knowing that we will get it later part of the life anta. only inherit nuchi vache land ithae acceptable anta 

[Pavanonline]

Just now, m0nster said:

nope even if we do this way law is still favor to FEMA anta, they will say we intendedly bought property on parents name with knowing that we will get it later part of the life anta. only inherit nuchi vache land ithae acceptable anta 

who is they? is there any record of govt making an issue of this?

[Android_Halwa]

3 minutes ago, m0nster said:

nope even if we do this way law is still favor to FEMA anta, they will say we intendedly bought property on parents name with knowing that we will get it later part of the life anta. only inherit nuchi vache land ithae acceptable anta 

That happenes when an NRI leaves money trail. Like NRI sending money to parents to buy property and then creating a gift deed, that will leave a trail of money and may work against in case of legal disoute but good thing endi ante thenparty which should dispute is the state govt…and such a thing has never happened kabatti bindaas ae vundochu

[m0nster]

50 minutes ago, Android_Halwa said:

That happenes when an NRI leaves money trail. Like NRI sending money to parents to buy property and then creating a gift deed, that will leave a trail of money and may work against in case of legal disoute but good thing endi ante thenparty which should dispute is the state govt…and such a thing has never happened kabatti bindaas ae vundochu

ok so in my case I sent money into my parents account to buy that property, would that be a problem then?

[neethy]

to my best knowledge, emaina legal issues vastene ee complications. if all goes smooth, you will be fine. I know some guys who brought and sold agri land, no issue caused to any. they even put in papers they are nris.

[LadiesTailor]

2 minutes ago, m0nster said:

ok so in my case I sent money into my parents account to buy that property, would that be a problem then?

I’m in the same boat.. bough farm land before this rule… what happens now ? Rule vachaka konte problem aaa mundu konna valla situation enti ? 

[Android_Halwa]

10 minutes ago, m0nster said:

ok so in my case I sent money into my parents account to buy that property, would that be a problem then?

It would be a problem if someone disputes and in this situation, the only disputing party is the state government. As long as the state does not dispute, yo have nothing to worry about and the state will not come after you.

[m0nster]

15 minutes ago, LadiesTailor said:

I’m in the same boat.. bough farm land before this rule… what happens now ? Rule vachaka konte problem aaa mundu konna valla situation enti ? 

you bought before 2000 ?

 

[pichhipullayya]

Resident Indian gaa Koni NRI gaa Ammithe emi avutundi ?

[m0nster]

2 minutes ago, pichhipullayya said:

Resident Indian gaa Koni NRI gaa Ammithe emi avutundi ?

that won't be any issue as long as you own land as Indian resident status 

[pichhipullayya]

Just now, m0nster said:

that won't be any issue as long as you own land as Indian resident status 

so status at the time buying is what is important, not status at the time of selling ?

[m0nster]

9 minutes ago, pichhipullayya said:

so status at the time buying is what is important, not status at the time of selling ?

yes