Posts Tagged ‘Property Tax’

Bangalore Property Registration made easy

Most Aparegistrationrtment owners in Bangalore are a little too familiar with the pains of obtaining a BBMP Khata (Khatha). Without the Khata the apartment is difficult to sell. There are many complications, specific to each builder, in the process of getting a BBMP Khata for the individual apartment.  In cases, where the builder holds a CMC or other non-BBMP Khata, then the ball lies in his court to obtain the BBMP Khata. In most newly occupied apartment complexes, the Apartment Owners’ Association pursue the BBMP Khata conversion, in cooperation with the Builder.

There seems to be possibility of a relief with the Karnataka Government including Khatas other than BBMP in the list of acceptable documents for property registration! This means that an individual owner can proceed with the apartment sale if he has the CMC/TMC/Panchayat or other official Khata. The process of obtaining BBMP Khata can continue in parallel.

This information is in the newspapers but not on the BBMP website yet. Please see the news article here: http://timesofindia.indiatimes.com/news/city/bangalore/Register-property-with-alternative-documents/articleshow/4908692.cms

The BBMP Property Tax Calculator is live!

As the SAS (Self Assessment Scheme) Property Tax in Bangalore can be payed from tomorrow (February 10), the Property Tax calculator of BBMP (Bruhat Bengaluru Mahanagara Palike) is available for use from today.

The URL for the calculator is: http://164.100.80.124/rescal/

We just calculated the property tax for our zone, and found it very intuitive and simple to use. Thanks to BBMP for this effective tool!

Here is a nice article by Citizen Matters that gives a step by step guide for using the calculator:
http://bangalore.citizenmatters.in/articles/view/786-bangalore-property-tax

And if you are interested in the logic behind the calculator, check this article (logic at the end of the article):
http://www.deccanchronicle.com/bengaluru/pay-property-tax-under-sas-feb.-10-354

For all other questions on Property Tax in Bangalore, please refer to this useful handbook published on the BBMP site: http://www.bmponline.org/propertytax/Hand%20Book.shtml
Especially useful is the Frequently Asked Questions on Bangalore Property Tax, which is part of this handbook.