KATHMANDU: All land and property transactions above Rs 1 million must now be conducted through the banking system, according to a new directive issued by the Department of Land Management and Archives. This move comes under the “Directive on Prevention of Money Laundering and Financing of Terrorist Activities, 2025.”
As per the directive, any property transaction between Rs 1 million and Rs 5 million must be completed through banking channels or digital payments. For transactions exceeding Rs 5 million, electronic payment or a ‘good-for-payment’ cheque in the seller’s name is mandatory.
The directive also requires evidence of payment to be submitted with the transfer documents, showing that the amount was transferred from the buyer’s to the seller’s bank account.
In addition, any land or property deal involving more than Rs 30 million must be reported to the Financial Information Unit (FIU), as stated in the revised guidelines.
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