BENGALURU: THE BBMP has cleared the decks for conversion of all B-Khata sites to A-Khata sites. This comes as a relief to about 3.80 lakh property owners. The government issued a notification in this regard recently which was signed by the Palike commissioner N Manjunatha Prasad on Tuesday.
Property owners who want to convert their sites will have to pay betterment and improvement tax to BBMP, and clear procedures under Akrama-Sakrama. With this, owners can avail bank loans and other civic benefits. They have been given time till 2010 for conversion of the properties.
Bruhat Bengaluru Mahanagara Palike (BBMP) Commissioner N Manjuntha Prasad on Tuesday signed a notification converting all B Khata sites to A Khata sites.
This comes as a relief to more than 3.80 lakh property owners in the city, who had been waiting to avail of the benefits of their land in the city, and will be eligible for home loans in the coming days.
However, the commissioner will still have to legalise conversion of B Register documents to A Register files, which is expected to take place in a week. According to BBMP, the entire procedure of conversion to A Khatha may take time.
BBMP Chief N Manjunatha Prasad told The New Indian Express, “The notification from the government has come and I have signed it today. But the conversion of all the properties to A Khata may not take place soon, as the property owners have to clear many procedures. It may take some time.”
However, property owners who want to convert their sites will have to pay betterment and improvement tax to BBMP, and clear procedures under Akrama-Sakrama. With this, the property owners can avail the benefits of bank loans and other civic benefits.
BBMP will soon increase its revenue generation through property taxes. It all started after the government included seven town municipalities into Bengaluru Mahanagara Palike to make it BBMP in 2007.
All the property owners had been given time till 2010 to convert their sites, in which around 3.80 lakh property owners had not converted by the deadline, and were deprived of many benefits. Now they can look forward to those, even if it takes a little time.
What it means
3.80 lakh property owners in the city will now be eligible for home loans