BBMP aims to collect Rs 800 crore from conversion of B-Khata to A-Khata (2024)

FAQs

BBMP aims to collect Rs 800 crore from conversion of B-Khata to A-Khata? ›

B-Khata properties have anomalies in documentation and include properties in violation of the byelaws. In the municipal Budget announced Thursday, civic body Bruhat Bengaluru Mahanagara Palike (BBMP) announced that it expects to earn Rs 800 crore from the conversion of B-Khata to A-Khata in the fiscal year 2023-24.

Yes, it is possible to convert a B Khata to A Khata by fulfilling all the necessary requirements and obtaining the appropriate approvals from the BBMP. This process may involve regularizing any violations and paying the necessary fees and penalties.

According to the BBMP, i.e. the Bengaluru Bruhat Mahanagara Palike, the payment for making the Khata transfer fee is charged at the rate of 2% on the value of the stamp duty of the sale deed. When you make a Khata transfer, you need to enclose the proof of paying the property tax up to date.

The betterment charges imposed by the BBMP are as follows: 0.5 percent (minimum amount of Rs 25 per sq m) for residential land. 1 percent (minimum amount of Rs 37.5 per sq m) for industrial land. 1.5 percent (minimum amount of Rs 62.5 per sq m) for commercial land.

Cabinet OKs B Khatas for illegal properties in Karnataka

Penalties for offenders will include jail sentence, fine of Rs 1 lakh, apart from freezing the sale and registration of such unauthorised layouts and constructions. The move aims to boost revenue collection and further expand the taxation base.

In , Bangalore, many properties have B Khata status, which means they do not have complete documents and are not eligible for loans from most banks and financial institutions. However, there are some lenders who offer B Khata Property Loans to help people purchase or renovate such properties.

Plots and buildings with this label lack legal approval from the BBMP due to certain violations. The defilement could be anything, ranging from disputed title to land use violation. In some cases, it can be pending property taxes. In 2023, BBMP reversed thousands of illegal A khata properties to B khata.

The stamp duty charges in Bangalore for properties priced between Rs 21 lakh and Rs 45 lakh are 3%, and for properties below Rs 20 lakh, it is 2%. Generally, the stamp duty in Bangalore ranges between 3% and 5% of the property's market value, while registration charges fall within 1% to 3%.

The khata transfer process can be done both Online and Offline. For the Online process, you need to have documents like Aadhar Card, Sales Deed, Tax payment receipts, Encumbrance certificate, khata certificate of the previous owner, Occupational certificate. The Process is: Visit www.sakala.kar.nic.in/online/bbmp.

How do I avoid Betterment fees? ›

We do not have fees for accounts with a $0 balance, so you can still keep your account open without penalty. If your total Betterment balance is below $20,000 and you do not have a recurring deposit of $250/mo or more, Betterment charges $4 per month.

The Bruhat Bengaluru Mahanagara Palike (BBMP) in the Mahadevapura zone may have been ordered to display approved building plans at the construction sites. But in reality, several buildings being constructed on 'B' khata sites do not have approval as the civic body issues approvals only for 'A' khata sites.

Conclusion: While it is technically possible to sell a property in Bangalore without a Khata, it is not advisable due to the numerous challenges and potential legal issues that can arise. A property's Khata status plays a crucial role in determining its legality, access to civic amenities, and resale value.

➢ Payment of Khatha Transfer fee at the rate of 2% on the value of stamp duty of the sale deed. ➢ Payment of Improvement charges at the rate of Rs. 250/- per Square Meter, if the property falls under new area & Rs. 200/- per Square Meter, in case of old area.

Is it safe to buy a gram panchayat land? Any plot is safe to be bought if it is sold legally and has been converted from an agricultural plot to a non-agricultural one. Just check out the legal documents of the plot especially the sale deed and owner details. How to check gram panchayat khata online?

Khata A properties are considered legal whereas Khata B properties are considered illegal even if the property owner has the proper ownership documents. Khata A property owners can transfer ownership or resell their properties easily while B Khata owners may not be able to do so.

Hence, an appropriate amendment had now been made to make it mandatory to obtain an electronic khata, which is validated through the Kaveri software of the Stamps and Registration Department, for registration of properties, Mr. Gowda noted.