What is Khata Property in Bangalore?
A Khata is a legal identification document that has all the details with regards to a particular property. A Khata property is the one that has all the legal documentation in the name of the owner. The size of the plot or building along with the exact location and the name of the owner will be mentioned in the document, which can be stored for further details. The document can be accessed for gaining all the details about the property and the owner.
A Khata is necessary for licensing a property or building and register for property tax as well. This document can also be used for obtaining loans from a financial institution or banks for any further use. One is able to own a Khata, as all the Indian citizens who own a property are liable to pay the property tax.
What is Title Deed?
An officially authorized document, which is used as a proof of ownership of an available property, is called a title deed. A title deed is authorized and executed under the vigilance of a notary who will stand as the evidence of owning the property when in need.
What is the Difference between Khata and Title Deed?
A Khata is an account of assessment of property, which is used by the owner to pay the property tax. It only illustrates the details of the owner but does not grant the ownership to any person. On the other hand, a title deed is an officially authorized document through which a person will be able to get a title for owning a particular property. The document can be used as a proof of ownership of the property for any future investments.
What Is The Commercial Purpose Of Getting a Khata?
Khata is needed for the following major reasons. They are
• For registering a new property
• For transferring any property
How to Apply for Khata?
For all those who own a property in Bangalore, they will have to buy an application form BBMP. E-Khata is also available online and one can fill it as well. The same has to be submitted in the Government office and the application takes 15 days for processing.
One will have to submit the following documents with the Khata application:
• Property sketch which will clearly display the location as well as a boundary.
• Flow chart of title deed.
• Title deed
• Charges of improvement
• Details of the tax paid
• Encumbrance certificate for the unoccupied sites