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This post gives you clear idea about A Khatha and B Katha. Also, about the Khatha registration and transfer process in Bangalore. It is also one of the important documents to be submitted to a bank when you are applying for a loan. He is keep on pushing the dates, so we are not sure what to do:. Things to know before buying land in Bangalore, documents to be verified before the dates on which payments are made, the mode of payments and details of The seller may have mortgaged this land as collateral for a loan. The record in the B Khata does not mean ownership of the land but merely. Nationalized Bank do not recognize B Khata Properties as a legitimate property to provide loan for constrcution/buying property. However, many NBFC (Non.
The two buildings which we wanted are also constructed on those plots side-by-side.
Actually there is court case on owner properties filed by owner family members Owner Sisters I heard. But his sisters filed case again in High court. Now we have applied property loan for Second building.How much can we fetch on selling B khata property?- Property Hotline
Bank asked us to provide several documents which owner has to give us. Now we got to know that this land is not converted from Agricultural to residential.
Things To Know Before Buying Land in Bangalore
Bank process for loan is done and only Lawyer legal opinion is pending. And he said that he will arrange us the latest certified copies from Sub-registrar office and he did.
But bank lawyer is not accepting these certified copies. The title deed of the plot of land needs to be clear and marketable. Seller should have the Sale deed A sale deed of the plot of land gives the seller the right to sell.
It transfers the ownership of the plot of land from the seller to you. Make sure that the seller of the plot of land has the sale deed The right to sell the land to you.
IndianMoney | Things To Know Before Buying Land in Bangalore
Make a draft sale deed between you buyer and the seller on a non-judicial stamp paper. The sale deed contains you buyers name and address as well as the sellers name and address. It also contains the details of the land such as its location, address identification number and the area of the land layout.
You and the seller need to agree on the payment amount, if any advance amount needs to be paid, the dates on which payments are made, the mode of payments and details of the banking transactions.
The sale deed mentions the date the seller hands over the land to you ownership is transferred to you along with all the relevant land records. After you and the seller of the plot of land have an agreement, the sale deed is registered in the sub-registrars office in the presence of a witness. You the buyer will have to pay the stamp duty and the registration charges. Check for the Encumbrance certificate You need to check if the plot of land has an encumbrance certificate.
The land you buy may have been mortgaged as a security debt to a bank or a third party. The seller may have mortgaged this land as collateral for a loan. On March 23rd,BBMP issues a circular directing the concerned officers to distribute and accept the applications under Akrama Sakrama.
The High Court Division Bench admits the batch of petitions and passes an interim order directing the State government not to process applications. However, it allows the receiving of applications. During the course of hearing, the government has pressed before the Court that they will give chance for regularisation only once. It has contended that the scheme will bring more revenue to BBMP.
The matter has been posted for further hearing on March 29th, After a lot of dilly-dallying, the Karnataka government introduced Akrama Sakrama scheme last year, by giving an opportunity for one-time regularisation of deviated buildings in urban local bodies across Karnataka.
The Rule aimed at regularising residential buildings with deviation upto 50 per cent and non-residential buildings with deviation up to 25 per cent. Soon after the government issued notification to implement the scheme, citizen groups led by Citizens Forum for Mangalore Development and JP Nagar 7th and 8th Residents Welfare Association moved to the High Court, claiming that the scheme made it easy for rule violators to let go things by paying a nominal fee.