Real Estate 101: Things To Know About Khatha Transfer In Bangalore
A khatha is an account maintained by the Bruhat Bangalore Mahanagara Palike (BBMP), which contains details of a property such as the owner’s name, property dimensions, and tax details. A khatha is a prerequisite for selling the property, applying for a bank loan or for obtaining a business/building license.
When do I need to make a khatha transfer in Bangalore?
The need to transfer a khatha arises when there is change of ownership of the property in case of the death of the owner, sale of property, execution of a will or gift deed.
Where and how do I get a khatha transfer done?
A filled-in “Application for Registration/Modification of Khatha” form needs to be submitted at the respective BBMP office along with the following documents- the title deed, tax paid receipts, khatha details, receipt of improvement charges paid, National Saving Certificate for Rs. 200, Death Certificate of owner of property (in case of death), and a legal heir affidavit .
What is the fee for khatha transfer?
Applicants are required to pay a 2% administration fee on stamp paper value, and also an improvement fee of Rs. 100 per sq. yard in new areas, and Rs. 50 per sq. yard in older areas.
The procedure for khatha transfer in Bangalore
The following guidelines should help you through the process of khatha transfer in Bangalore.
Get a copy of the sale deed attested/notarized: This can be done at any notary’s office in Bangalore for a nominal fee of Rs. 100.
Get an Encumbrance Certificate: You will be required to submit a copy of the sale deed along with the EC application form. The certificate is usually issued within seven days.
Get a khatha registration/transfer form: The form can be downloaded online from the BBMP website. Alternatively, it can be obtained from the BBMP office for a fee of Rs. 10.
Submit the filled-in application: The filled-in application form, along with all the required documents need to be submitted at the BBMP office. Make sure that you get back the duly stamped acknowledgement card that is part of the application form.
Status of your application: It normally takes about 15 days for your application to be processed. In case you do not receive any intimation from BBMP within two months, you can file an RTI regarding the status of your application.
Property Assessment by officials: Revenue officers from BBMP will visit your site for property assessment. They will measure the plot, and value the property.
Payment of registration fee: BBMP will issue a demand note indicating the registration fee to be paid, which is generally 2 % of the value reflected in the sale deed.
Final registration: Within 10-15 days of the payment of registration fee, you will receive a notification for payment of property tax as assessed by the revenue officers who visited your property. The khatha extract will be issued only on clearing the tax liabilities.
Make sure you have all the documents and applicable fee ready before you apply for a khatha transfer in Bangalore in order to save unnecessary delays, and hassles.
Have more information to share with us? Let us know in the comments below!
Get your Society on ApnaComplex – Today! ApnaComplex is India’s most comprehensive web based housing society accounting, management and communication software. It is designed to make the life of residents and owners a lot better by bringing in more transparency and accountability in managing a housing society. Check out the features of ApnaComplex and sign up your society today to get the benefits! We offer a free 30-day trial as well so that you can try before you buy!