Documents required for registering a Site in Bangalore
By paying a certain portion of the property value, you will be able to register your property in your name. It is the legal procedure through which you own the land or site. The rights on the property will be transferred from the seller to the buyer through the sale deed. The sale deed should be executed at concerned authority by producing all the required documents.
Along with the below documents required for site registration in Bangalore, one has to also note that the presence of both parties Buyer and Seller is required in this process. If the buyer is not present, he or she can depute somebody in his or her absence and it is termed as power of attorney.
Registration of a site
Documents needed to register a site in Bangalore, you should approach authorities with required documents. The documents which are required in this context include Khata, title deed, tax paid receipts, the sketch of the property, encumbrance certificate and the flowchart of the title. The sketch should show the location along with the boundaries.
The registration should be done properly so that you will be able to fight legal battles (if any) without any issues. When you register a property, you will declare that you are the legal owner of the property. The documents for property registration in Bangalore will be done based on the guidance value given by the government.
Below are Documents required for Property Registration in Bangalore
The property registration process in Bangalore will be done by submitting various important documents. For registration of the site, both the seller and buyer should be present. They should be present with original identity certificates and two sets of Xerox copies.
The registration fees should be paid and two witnesses should be present at the time of registration. If there are any payment details made to the seller, the proof should be produced. The stamp duty should be paid and it should be done before or on the date of registration. You will want to pay 5.6% as stamp duty in Bangalore urban area and 5.65% in Bangalore rural area.
How to Calculate the Charges for Site Registration
The registration fee is 1% of the saleable value. The saleable value will be equivalent to the size of the property multiplied by the guideline value. Guideline value or circle rate is the minimum value at which the property can be registered. These values differ from one state to another state. The stamp duty charges will change from time to time. Hence, you should be prepared to purchase the property as per your budget by calculating all the costs involved in the process.
In simple terms, Khata is known as an account of property assessment. It is a statement which contains all the records of the property. It will include key details such as built-up area, location and other details. The property will be identified with the ‘Khata’ account. It is also possible to figure out if taxes are not paid by an account holder. The Khata is required so that you will be able to secure loan or trade license very easily.
You should have a Khata document before starting the construction in your site. Khata is issued by Bruhat Bengaluru Mahanagar Palike (BBMP) for registration of new property as well as the transfer of a property from the seller to the buyer. If you have a khata account, you are liable to pay property tax.
There are two types of Khata certifications. A Khata certificate is issued by BBMP where all building regulations and laws are followed without fail. ‘B’ Khata is issued by BBMP where a property does not follow the required Building Regulations and Laws.
Khata is different from the title deed. If you possess Khata, it may or may not indicate ownership of your property. The ownership is conferred through the document known as ‘title deed’. Instead of title deed, you might produce allotment order, possession certificate or sale document as per the case.
Tax paid receipts
Tax determination receipt will be issued by the BBMP or corporation. This document is required if you would like to register your property. You can pay property tax at 10 citizens service centres (CSCs). The payment can be done in respect of the ward or area of jurisdiction of BBMP. The payment can be done through online on the official website of BBMP. It can be done through the net banking facility.
The payment can be done at BBMP help centres and ARO offices as well. If you pay tax on or before 30th April of the assessment year, you will get 5% rebate.
The affidavit should be submitted to prove your blood relationship. It is required for khata registration. The applicant should declare that he or she is the legal heir of the deceased Khata holder.
Conversion Certificate (DC)or Sanction Plan / Approval plan
If the properties are on converted land, you should product conversion certificate. You can produce a conversion certificate from B Khata to A Khata. If you would like to apply for A Khata certification from B Khata, you should apply for applying for District Commissioner (DC) Conversion to convert the land from agricultural to non-agricultural use.
If you are purchasing new property, you can prefer to go for A Khata certified property as it will abide by all the rules and regulations laid down by BBMP.
If you would like to convert from B Khata to A Khata, you should go through a lot of bureaucratic hurdles.
All lands are assumed to be agricultural lands by default. If you are using agricultural lands for non-agricultural purpose, you should want to produce necessary permission from competent authorities. Thus, the status of the land from agriculture to non-agriculture will be done by concerned authorities without fail. You should produce many documents while applying for land conversion. The necessary fee should be paid and you should pay the penalty (if required).
PAN issued by Income Tax Department
Declaration in form 60 and 61 should be done if the value of the property is more than Rs. 5 lakh. You should submit a declaration in form 1 under the Karnataka Stamps (Prevention of Undervaluation of Properties) Rules, 1977.