The person cannot sell or resell his or her property with only a B Khata. In December 2014, the High Court in Karnataka has declared that a building or property having only a B Khata is an illegal property.
What will happen to B Khata apartment in Bangalore?
Over 1 Lakh B-Khata Properties In Bengaluru To Be Regularised Soon. … Soon, owners of B-Khata properties in the state can obtain an A-Khata by paying an improvement and conversion charges. Understanding A and B Khata. Khata/Register is a document that records the property tax payments made by you to the municipality.
Can we convert B Khata to a Katha?
How to convert B khata property into an A khata property? It is possible to convert a B khata into an A khata, provided that the owner of such a property clears all dues, including property tax, DC conversion charges, as well as payment of the betterment charges levied by the BBMP.
Is B Khata illegal?
As of now, B Khata properties are categorized as illegal properties and have to be converted to A Khata properties to avoid complications in trading, construction and transferring of the property.
Can we get loan for B Khata?
However, many NBFC gives loans even for a B Khata property. You can get a B Khata Loan from NBFCs like LIC Housing Finance, CAN Fin Homes, HDIL, Indiabulls and so on. EC (Encumbrance Certificate) showing all due and paid taxes of the property. IT returns Proof(ITR) and Form 16 of at least last 3 years.
Is e Khata safe?
e-Khata is now given newly. Owner details can be checked online as it is electronic; your details can also be checked once you buy property and register on your name. A Khata and e-Khata are both 100% legal.
How can I get Khata for apartment in Bangalore?
Khata guide for apartments
- Apply for Encumbrance Certificate (EC) for your flat. …
- Get a khata application form (costs Rs. …
- Get copies of the following notarised: Sale deed, Form III (if you have), Possession Certificate (if you have), GPA (if used), fill up the form – green and pink.
What is e Khata property in Bangalore?
In Bangalore, this document determines the assessment of property owners within the jurisdiction of the Bruhat Bengaluru Mahanagara Palike (BBMP). Now, a Khata that is filed online is known as an e-Khata. This is a computerised version comprising of all the relevant details that have been recorded manually.
How can I get B Khata certificate in Bangalore?
To apply for your Khata for a new property (Khata registration) through Sakala, here’s what you need to do.
- Collect copies of the documents required from the developer. …
- Collect copies of your property’s documents. …
- Buy a Khata Application form for Rs 10 from the BBMP Assistant Revenue Officer (ARO) Office.
How many days does it take to transfer Khata?
But now, under the same stipulated Sakala service, one can get their khata transfer job done. As per the Sakala service, it is seven working days in the case of BDA/KHB allotted properties and 30 working days in the case of revenue extensions, BDA re-conveyed areas, gramathana, high-rise buildings.
What is Akrama Sakrama scheme?
The cash-strapped State government has revived Akrama-Sakrama, a scheme to regularise illegal buildings, to generate additional revenue in light of the economic crisis created by the COVID-19 pandemic. … The law permits imposition of 6% penalty on buildings which have violations of up to 50%.
Can I sell property without Khata?
Without ‘A’ Khata, neither you can sell your property nor you can mortgage it to get loan from the bank.
Is it safe to buy DC converted sites in Bangalore?
In addition to the land being converted from agriculture to non-agriculture residential purposes it is mandatory that either the panchayath or BMRDA or Anekal Planning authority must have sanctioned the layout for the formation of residential plots, if this is done then it is quite safe to buy one such plot.
Is it safe to buy revenue site in Bangalore?
As per revenue rules of Karnataka, revenue land without conversion can be measured only in guntas; and only an agriculturist can buy land in guntas. Banks usually will not provide loans for such sites, but some risk-taking banks may provide a composite loan to build a house.