What is ‘A’ Khata Property in Bangalore?
Every property owner in Bangalore should have a Khata to carry out further legal proceedings that will involve property details. Owning ‘A’ Khata will allow one to buy a property in Bangalore and undergo a construction on the site as well. The ‘A’ Khata property is liable for undergoing any commercial or domestic construction. This license can also be used to get a bank loan.
What is the Difference between A-Khata and B-Khata Properties?
The properties that fall under A-Khata are those that subsist in layout and have undergone any development only after obtaining all approvals and valid sanctions.
The properties that fall under B-Khata are those, which have undergone unauthorized construction in the urban areas and do not have any approvals and valid sanctions. B-Khata is not an authority to the property, but is just an acknowledgement about the tax that is being paid to the Government. However, it differs from the title deed and is registered under the category of ‘B’. This is why; it is simply known as B-Khata. This type of Khata is not registered as a legally binding Khata extract.
Information for Buyers:
One should always opt for owning an A-Khata property as the B-Khata is not entailing the possession of license for building or carrying out trade on the property. By availing the latter one, a person will not have the right to get loans from any bank or financial institution.
If a property is registered under the B-Khata, it will not be liable for obtaining loan from any nationalized bank. It is therefore recommended to invest in those properties that fall under A-Khata, as the person will be out of all sorts of financial ambiguities in the future.
Studies have shown that only 5% of all the available properties in Bangalore have the eligibility to apply for an A-Khata. This is because it has a minimum difference, which can be legalized as well. Constructions that are done with minimal deviation and have followed all the rules that are laid by the government bodies are eligible of obtaining the A-Khata. However, the parts, which have not been adhered to the rules laid by the law bodies, will be considered under the B-Khata.
Properties that have very little deviation will have a chance to convert from B-Khata to A-Khata. However, to do so, one may require the following things.
• A person should have a property that is DC converted.
• All the taxes must be duly paid as per the norms till date.
• The conversion charges will have to be paid to the BBMP.