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Understanding the concept of khata and difference between A Khata and B Khata
When you invest in property, you have to be extra careful. Whether you are taking on a home loan or making full cash payment, you need to check all the documents related to the property you are purchasing. This includes the sale deed, title deed, property agreement and so on. While these documents are common for property transactions everywhere, property owners in the city of Bengaluru, Karnataka, need one more, crucial document whenever they enter into any kind of property transactions to ensure their property is legal. Let’s find out more about what is Khata, the two types of Khata – Khata A and Khata B and its features and benefits.
‘Katha’ is a word that almost every Indian knows. When translated to English, the word means ‘account’, but in the context of property and property related transactions in the city of Bengaluru, Khata actually denotes a legal document that recognizes a specific property. It is a document comprising of the vital details regarding property ownership. Citizens of Bengaluru require this legal revenue document while entering into any property trade.
The Khata concept was introduced in 2007 when the Bruhat Bengaluru Mahanagar Palike (BBMP) was formed in order to simplify the process of tax collection in Bengaluru.
Khata is a legal document issued to property owners and it essentially consists of information such as the size, area and location of the property and if the property is residential or commercial. The system was introduced to help property owners file and pay property tax and these details are issued while paying taxes. The Khata document also helps people get trade and building licenses among other things. It also comes handy while applying for loans and credit cards from banks, NBFCs and Housing Finance companies. The BBMP maintains and manages Khata.
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Now that we know what is Khata let’s look at the differences between Khata A and Khata B. As mentioned above the concept of Khata was introduced in Bengaluru in 2007 to make the property tax collection process simple. The Khata A concept was introduced in order to reform this tax collection process. Khata A was the first register which listed all fully legal properties in Bengaluru. The BBMP also maintained a second register listing all semi-legal and illegal properties which was given the name Khata B. Let’s understand Khata A and B.
Khata A was introduced by BBMP to streamline property tax collection in Bengaluru. This document certifies that a property owner has paid all the required property taxes and owns a legal property. Individuals owning Khata A documents may apply for trade and building licenses and may avail home loans on their property. Khata A document essentially states that you have a legal property. It also makes the process of all future financial transactions related to the property easy.
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The BBMP maintains a separate register listing illegal properties that have ownership in Bengaluru, despite the fact that the property owner may have paid civic charges. Khata B enables BBMP to collect property taxes from illegally constructed buildings. It also includes properties in violations of certain bylaws, unauthorized layouts and construction in revenue land as well as properties that don’t have issuance or completion certificates among other things. Khata B properties can be upgraded to Khata A properties if the property owners pay off all property taxes.
Highlighting the main differences between Khata A and Khata B properties
Khata is currently applicable only to the residents of Bengaluru city in Karnataka. It features and benefits include:
Final word: Prior to the introduction of the Khata concept, property tax collection was a huge hassle for city authorities since tax was collected by three different bodies. Khata B owners need to complete certain formalities including the payment of all due property taxes to convert their property to Khata A after which they too can enjoy all benefits provided to Khata A owners.
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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.
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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
Best Khata Transfer office in Bengaluru
Best Khata Transfer office in Bengaluru With our Magnificent advisory for your passport Since 1999 ISO Certified with ™ and we are donor service all over Bengaluru.
Best Khata Transfer office in Bengaluru
Passport / All types of Pan Card / Aadhar Card / Marriage Certificate / Court Marriage Register Marriage / Visa / HRD & MEA Apostille Attestation / Birth Certificate & Death Certificate / Affidavits & Notary / Income Certificate / Caste Certificate & Domicile Certificate / GST License & Trade License / RTO / Voter ID / Driving License / international Driving Licence / Bus Train Flight Tickets / Money Transfer / IT Returns / Business Power of Attorney /
Best Khata Transfer office in Bengaluru
Best Khata Transfer office in Bengaluru
/ Gazetted Attestation / Construction Plan Sanction And Approval / Property Tax / Labour License / Food License / Trade License / Import Export licence / Website Design & Development / Police clearance certificate PCC & Job And Background PVC / Domicile Certificate / Rental & Lease Agreements / Shop licence / Medical License / Company Registration / Firm Registration / Deeds / Family Tree / Gift Deed / GPA Deed / Sale deed / A1 officer Gazetted Attestation / Business License / Single Status Certificate / Bachelor Certificate / ISO Certification Registration
Best Khata Transfer office in Bengaluru