Government nod to B-Khata deals: Fetch more revenue
The recent nod from the Karnataka State Government to B-Khata deals have brought in a wave of good news for property owners. Although, the number of property registrations in the city have taken a dip, the state government gave its consent for transaction and registration of properties of B-Khatas that fall under the Bruhat Bangalore Mahanagara Palike limits.
According to law and parliamentary officials, there are more than 90% of vacant and construction plots present in BBMP limits that fall under B-Khata. Properties under B-Khata experience change of owners quite often, resulting in registration every time and mopping up of revenue for the government.
B-Khata Properties
Presence of a B-Khata certificate testifies the fact that a particular property is not sanctioned by the BBMP, however it is liable to pay the taxes for using the civic amenities. A B-Khata is not a title deed and the tax paid by such unsanctioned properties are recorded in the register with the title ‘B’.
Houses and layouts which are built on properties that technically belong to revenue land and are legally not converted from the district deputy commissioners are known as B-Khata. Even if a plot is not being sanctioned by the local planning authority such as BMRDA, BBMP and BIAPPA, it is categorized under B-Khata. B-Khata registrations in the city have come to halt few months back.
How the decision will benefit?
According to government officials, BBMP will issue B-Khata certificates to buildings that are on revenue land and supply with basic amenities like water, electricity and drainage.Such a move by the government will mop up a revenue of Rs 1000 crore for the state exchequer. The move will aid re-sale of properties and give the real estate of the city a kick-start.
In 2007, when numerous villages came under BBMP limits, confusion prevailed regarding taxation, property registration and municipal charges. B-Khata will put an end so such a confusion and will allow buying and selling to restart. This will make significant contribution towards revenue accumulation.
