Khata Transfer - What and How?

All of us who have purchased an Apartment in Rank Residency, know that Khata Transfer is an important to-do to complete the set of official property documents. Khata Transfer is also important for paying the property tax and avoid incurring any fine for negligence. This article tries to compile more knowledge about Khata transfer in the context of Apartment bought from the builder.

What is a Khata / Khatha?

A Khata is an account of assessment of a property, recording details about the property such as size, location, built up area and so on for the purpose of payment of property tax. It is also a kind of identification of the person who is primarily liable for payment of property tax. It is one of the required documents in case you require a building license, trade license or loan from banks or any other financial institutions. (courtesy: propmart.com)

What is the process of Khata transfer?

BBMP (Bruhat Bangalore Mahanagara Palike) publishes a Khata Transfer Quick Reference guide at this link:

A friend who has pursued the Khata Transfer process successfully in the month of Dec-2008, reports the below:

The Khata Application form and the Khata Application Acknowledgment form can be downloaded from this link. Alternately, it can be purchased for Rs.20/- from the Citizen Service Centers.

Below are the property documents which must be attached along with the filled application form:

(i) Notarized Sale Deed

(ii) Paid up Betterment/Improvement Charges Receipt (collect this from the builder)

(iii) Latest paid up Property Tax Receipt (it is possible that you have been paying property tax after registration of your flat. In this case, you need two receipts (a) the latest receipt paid by you (b) the last receipt paid by the builder before registration)

(iv) Encumbrance Certificate (get this from the place where Sale Deed Registration took place)

(v) Occupancy Certificate (collect this from the builder)

(vi) Conversion Certificate (collect this from the builder)

In the Khata Transfer Reference BBMP mandates document number (i) - (iii) to be attached to the application form. However, certain panchayat offices require rest of the documents as well. It is advised that you collect all of them so as to have a complete set of your property documents.

The official Admin fee to be paid is 2% of the Stamp Duty payable by DD in favour of Commissioner, BBMP.

After the application is submitted you need to wait till a Khata Transfer Order arrives. You are informed once the order arrives, after which you need to make the payment of the property tax due and apply for the Khata Certificate and the Khata Extract.

Officially, the whole process should take 20 working days.

Note: Please do provide your inputs if you find the process significantly changed or if this article can be enriched further.

Memorandum Of Association - Rank Residency - Draft

A draft version of MOA has been placed under downloads section, which is mandatory for association formation (Someone’s MOA taken for reference). Basically it contains rules & regulations to be followed by in-mates and so on. I request all you to have a look and come up with any suggestions you have.

THE KARNATAKA SOCIETIES REGISTRATION ACT, 1960

Hi All,

 

Just to bring all of us onto one platform for all our communications further, I started a Google group to come out from yahoo. I will try to copy all the email-addresses of yahoo group to http://groups.google.com/group/rankresidency in some time.

 

Mean while I have uploaded THE_KARNATAKA_SOCIETIES_REGISTRATION_ACT.pdf to our Google groups file section, please refer to that for our Society formation. This gives a clear cut idea on what and how it should be done.

 

You can also find other Acts, Ordinance and Notification in Year wise @ http://dpal.kar.nic.in/acts&Ordinance.htm

 

Note: This has been posted from my official email. Just to show as an example.

Regards, 

Rajendra

C-0.

 

 

Hi Rankies, Let's Come together

It gives me immense pleasure to announce that we have come up with our own blog spot. Its really interesting to get registered at the blog... Hope we make it much more useful with we all contributing towards it.