Tds on property sale

Dear Forum Members

I am writing to seek a specific advice on TDS on Property Sale. I am selling my property – Agriculture Land. There are 2 buyers for the properties. The sale details and amounts are below.

1. Property 1 (Buyer No 1) – Sale Value – Rs 19.82 Lakhs
2. Property 2 (Buyer No 1) – Sale Value – Rs 24.89 Lakhs
3. Property 3 (Buyer No 2) – Sale Value – Rs 30.35 Lakhs

I understand that on sale of property exceeding Rs. 50 lakhs in India, a tax of 1% has to be deducted on the total sale consideration before making the payment to the seller. The 3 properties are being registered as 3 separate documents to 2 separate buyers with 1 buyer buying 2 properties and another buyer buying 1 property. The 3 documents or 3 properties are collectively above the threshold limit of Rs 50 Lakhs, but each of the 3 properties even if I factor Buyer 1 alone who is buying Property 1 & 2 the sale value will be less than the Rs 50 Lakh threshold limit

Please advise if this sale will be subject to 1% TDS

Shall appreciate feedback and suggestions from the members of this forum

Regards

P S Krishnan

Chennai