Is it safe to buy B Khata site?

09/16/2019 Off By admin

Is it safe to buy B Khata site?

B Khata will allow you to buy or sell a site, but you will face problems when you go for construction. It is advisable to go for properties having A Khatha as in case of B Khatha you cannot have building license, trade licence or loan from banks or any other financial transactions.

Is B Khata illegal?

As of now, B Khata properties are categorized as illegal properties and have to be converted to A Khata properties to avoid complications in trading, construction and transferring of the property.

Can B Khata be transferred?

BENGALURU: With Bruhat Bengaluru Mahanagara Palike (BBMP) including khata transfer under Sakala, property owners can now obtain khata transfers online by applying for it through the Sakala service. There was a petition filed against BBMP for delay in transfer of khata.

Which is better A khata or B Khata?

Khata A properties are considered legal whereas Khata B properties are considered illegal even if the property owner has the proper ownership documents. Khata A property owners can transfer ownership or resell their properties easily while B Khata owners may not be able to do so.

Do we get loan for B Khata?

Generally, B khata properties get rejected by the lender when it comes to avail a Property Loan or a home loan. However, there are many financial institutions who offer loans for a B khata property. But to avail a Home loan for a B Khata property it is very important to approach in a right way.

How can I sell my B Khata property?

  1. wait for issue of OC . Without OC you cannot occupy the flat.
  2. OC would indicate that building has been completed as per sanctioned plans.
  3. if construction is unauthorised BBMP can demolish the unauthorised construction.
  4. obtain khata in your name then sell the flat.
  5. you would get better price of your flat.

How do I know if a property is Khata A and Khata B?

How to identify ‘A-Khata’ vs ‘B-Khata’? If Khata certificate and extract exist, then it is A Khata property. B Khatas will have “Form B Property Registry Extract” clearly written on them.

Is Panchayat Khata safe?

The panchayat khata or ekhata issued by panchayat is not valid and cannot be enforced.

Which is best for home loan?

10,000. Advantages: LIC HFL offers 90% of the property value as home loan….LIC Housing Finance home loan interest rate.

Rate of interest on home loans Best rate Highest rate
For salaried individuals 6.66%* 7.80%
For self-employed individuals 6.66%* 7.90%

Is e-Khata mandatory for registration?

Now, a Khata that is filed online is known as an e-Khata. This is a computerised version comprising of all the relevant details that have been recorded manually. It is not an additional requirement by the BBMP.