Khata Transfer in Bangalore
Bbmp Khata Transfer in Bangalore
Bbmp khata transfer in bangalore is the process of transferring a bbmp property to another person. It is used to give the ownership of a property to someone else. The transfer can be done by using a deed, allowing another person to legally take over your property, or by simply giving the title deed to the new owner. There are two types of bbmp khata transfer: real estate transfers and personal property transfers.
A real estate transfer occurs when you sell your property and give the seller the title of ownership. A personal property transfer happens when you give someone the rights to use your stuff. With both types of transfers, there are a few things that you should keep in mind: The first thing is that you need to be sure that whoever you’re giving the title deed to has the money to buy your property or take care of it properly. You also need to make sure that they’re willing to take on all the responsibilities and liabilities associated with owning it.
Property Owners in Bangalore Must Know About Khata Transfer
Khata Transfer is the process of a property owner transferring an interest in a property to another party. The main purpose of khatas is to provide easy and quick access to property or commercial space.
In India, Khata is a commonly used term for transfer of ownership of immovable properties such as land, buildings, and houses. Khata can be done in various ways like transfer by deed, power of attorney etc.
In Bangalore, it is important for property owners to understand the basics of khatas. This is because the process of khatas can be complicated and need to be handled correctly.
One who wants to buy an apartment needs to have approval from the seller’s parents. If the seller’s parents refuse permission, this could delay the buying process. Therefore, it is important for property owners in Bangalore to know about khatas so that they can get their hands on property quickly and easily.
We provide a services for khata transfers which comes under BBMP limits, Panchyat limits, BDA limits.
- BBMP limits khata transfers are ‘A’- khata and ‘B’ – khata extract.
- Panchyat limits khata all E-khata & 9&11 khatas.
- BDA limits khata are E-khata
Khatha Registration and Khatha Transfer
Khatha of a property is when that property is recorded in the property register maintained in a Municipality or Corporation. When a property is registered with the Municipality or Corporation, it is assessed to tax, assigned a municipal number and records the person primarily responsible to pay the property tax.
In Bangalore
Generally, property-related work always triggers a sense of alarm, stress and worry. The thought of getting documents sorted with regard to any property is rendered as a laborious task by the general public. However, one way or another, minds are made up to get it done, considering its relevance and importance.
What is a Khatha?
In simple words, Khatha is nothing but an account. Khatha is the document that shows the account of the owner of the property registered in the property register with the Municipality or a Corporation. Since we are focusing on Bangalore here, the account has to be with BBMP (Bruhat Bangalore Mahanagara Palike). Once the property is registered with the Municipality or Corporation, the property will be assessed to tax, will have its own municipal number and the details of the person who is primarily responsible to pay the property tax will be registered.
Types of Khatha
A Khatha
- Considered as a legal property
- Falls under BBMP jurisdiction
- Transfer of ownership is possible
- Loans can be availed
- Building plan approval, building license, trade license can be obtained
- Permission for construction
- Water and electricity connections can be applied for
- Resale of property is possible
B Khatha
- Considered as an illegal or semi-legal property
- Falls under local jurisdiction
- Not possible
- Cannot avail loans
- Cannot obtain the same
- Cannot proceed with construction
- Cannot apply for the same
- Improvements to property/resale is not permitted
Contents of a Khatha
- Property owner’s name
- Size of the property/measurement of the property
- Location of the property
- Built-up area of the property
- Whether the property is vacant or occupied
- Purpose of utilisation of the property
- The annual value of the property
Registration and Transfer of Khatha
Step 1:- The copy of the sale deed of the property needs to be attested by a notary.
Step 2:- Obtaining an Encumbrance Certificate is the next step. The role of an Encumbrance Certificate is that it acts as an assurance that the property is free from any money or legal liability. Generally, it takes up to a week to obtain an Encumbrance Certificate.
Step 3:- Next, log onto the Sakala website – http://bbmp.gov.in/en/web/guest/Khatha-certificate Click on the option ‘Suvarna Khatha Application Form for Khatha Registration/Transfer’ and take a printout of the application form that is available on the website. Alternatively, one can also visit the BBMP Assistant Revenue Officer Office and obtain the Khatha application form on payment of Rs.10/-.
Step 4:- The application must then be filled accurately with the relevant documents attached as well.
Step 5:- On completion, the form must be submitted to the BBMP office. An acknowledgement for the same will be given for tracking purposes.
Step 6:- Track the application on a weekly basis. The time period for approval is subject to variation.
Step 7:- Where there is no response from the BBMP Office for two months, an RTI may be filed to seek information regarding the status of the application.
Step 8:- On successful processing of the application, the property assessment will be made by a revenue officer from the BBMP for verification purposes.
Step 9:- A Khatha registration fee of 2% of the property value as mentioned in the sale deed is to be paid to the BBMP. On payment of this registration fee, the notification regarding the payment of the pending property tax amount will be received. This is the indication that the property has been registered in your name. This tax amount has to be paid within 15 days.
Step 10:- On payment of the property tax, the Khatha extract will be issued in your name. Note:-
- Commercial properties are charged twice the amount of tax as compared to residential properties.
- For the transfer of Khatha, the formalities are significantly less. Additionally, the documents required are slightly varied.