Will Akrama Sakrama regularize B-Khatha plots?

Q: I'm planning to buy a B-Khatha plot in Horamavu area. Looking at city development plan, this plot is in residential area and not reserved for park/road etc.
Will Akrama Sakrama regularize it? How is the date Oct, 19 2013 helps here?

Sathish, Apartment Resident

4th March 2015

Buying property in Bangalore

akrama sakrama

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Do I have to pay anything extra except the application form? If yes how much is the fee?

Omar Khureshi, Bangalore

11th March 2015

Comment

You have to pay regularization fees and scrutiny fee along with the application form. About the calculation of the fee, your respective engineer will guide you.

Hanif Laskar, Bangalore

11th March 2015

The much awaited " Akrama Sakrama" scheme will implemented from March 23 for a period of one year. Owners can submit applications to the urban local body concerned to regularize illegal constructions and construction of houses in revenue sites in ULBs.

Violations up to 50 percent and 25 percent would be regularized in case of residential and commercial properties, respectively.

Janak Desai, Bangalore

5th March 2015

Comment

Thats for constructed houses/buildings. What about plots/sites? Any idea on how much do they charge?

Sathish, Apartment Resident

5th March 2015

Thats correct Rakesh. Starting March 23 2015, government will accept applications to regularize the B-Khatha properties. The rule says the properties constructed before October 19th, 2013 are eligible to get A-Khatha.

I'm not sure about the plots/sites. the question I have is, If we buy a b-khata plot now, will it be eligible for the conversion?

Sathish, Apartment Resident

5th March 2015

Comment

As far as I know A Khata has got more value and is eligible for bank loans where as B Khata will not be eligible for obtaining any kind of bank loans as it will have lessor value. Recently the Karnataka Government has announced the Akrama and Sakrama Schemes in which all the B Khatas issued by BBMP will be regularized by collecting some penalty. Once these properties are regularized the value of those properties will increase automatically.

Rakesh, Bangalore

5th March 2015

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