What is the process for purchasing lands in Nepal? Is there an established norms? Is the land price established specific to locations or is it upto decided between seller and buyer? Is there a website that may hasve more info on land sale issues in Nepal? just wondering as land ownership bug has started bitting me. heh heh

jyapoo

There usually tend to be two prices. The official valuation according to which you pay taxes (based on location, type of road access, etc.), and the actual market/transaction price, decided between seller and buyer (and often the seller will want at least as much as a similar piece was sold for in the neighborhood recently).

Usually the process is that the buyer and seller go to the "Malpot" (land registration) office together, hire an agent from one of many stalls nearby who helps fill out two copies of the transaction paper, which then is submitted through a multistep process whereby various aspects of the land piece and the transaction are checked (courtcases, boundaries, taxes, is the seller really who he/she says he is, etc.). Usually takes a few hours. When everything goes well the seller's registration gets cancelled and the buyer gets a new ownership registration paper.

Hope taht helps.

i have no idea.

arnico,
thanks for your input. think i have some idea now about the process. how much is paid to the agent preparing the paperwork? is it hourly or per paperwork completed?

jyapoo

Speaking of real estate, does anyone know of a good agent/appraiser in either KTM or Pokhara?

I have land for sale in one of the hottest spot in Pokhara. Let me know if you're interested. Thanks.

P.S. I'm not an agent or appraiser but the son of the actual owner.

Malpot agents are cute because most of them are beautiful Newar girls hehehehe

Jyapoo, it's usually some pre-agreed total fee. Varies a bit from district to district; I guess you should expect generally Rs 1000-1500 per transaction...