Can I sell B Khata flat?
A Khata properties are legal in the eyes of the law while B Khata properties are effectively illegal even if the ownership documents for the property are in order. A Khata property holders can easily resell or transfer ownership of their property while this is not possible for people holding only the B Khata documents.
Can B Khata be converted to A khata?
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 it worth buy B Khata property in Bangalore?
B Khata will allow you to buy or sell a site, but you will face problems when you go for construction. It is advisable to go for properties having A Khatha as in case of B Khatha you cannot have building license, trade licence or loan from banks or any other financial transactions.
How much does Khata transfer cost?
The fee for BDA Khata transfer is approx 2% of your sale deed’s stamp duty. For example, The purchase value of the property is Rs. 30 Lakh.
Do we get loan for B Khata?
How to get loan for B Khata properties? Generally one cannot get Home loans/Site purchase loans / Composite loans for B Khata properties from nationalized banks. However, many private financial institutes offer loans for these properties at a much higher rate of interest when compared to a nationalized bank.
How do I know if a property is Khata A and Khata B?
If Khata certificate and extract exist, then it is A Khata property. B Khatas will have “Form B Property Registry Extract” clearly written on them.
What is e Khata property in Bangalore?
e-Khata or electronic Khata as the name suggests is a Khata that has been issued online. Anyone can file for it online by logging on to BBMP official website. e-Khata is a computerised version of a Khata and has the relevant details like name of property owner, location, area, property tax details etc.
What is DC conversion sites?
DC Conversion is a legal process to convert agricultural land for non-agricultural purposes in Karnataka. The converted non-agricultural land can be used for residential or commercial or industrial purposes. DC conversion means the District Commissioner authorizes the usage of land for non-agricultural purposes.
Can I sell property without Khata?
selling immovable property within the limits of BBMP or corporation must be accompanied by a revenue document, i.e., the Katha certificate and extract, if the property/house has not been assessed to property tax or does not fall within corporation limits, it will not have a Katha certificate registered in the present …
What does B Khata meaning?
‘B’ Khata is issued to properties that are in violation of building byelaws and government norms and have pending property tax dues to be cleared. This is a temporary certificate which needs to be converted to A Khata by paying betterment charges or conversion fees to the concerned authorities.
Is Khata required for registration?
The Khata document is required for the property registration process as it is one of the most important legal property related document. … During property sales, khata is required to register the property in the new owner&rsquos name in sub-registrar office.