You must know that the BBMP started maintaining two separate registers, the BBMP A khata and B Khata. A list of allowed or partially authorised properties in Bangalore can be found in the first register, which includes "A Khata" properties. The second register, which provides for "B Khata" properties, contains information about unlicensed or partially licenced properties in Bangalore. If you want to know is B Khata legal property or not, continue reading..
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In terms of property ownership in Bangalore, even B khata property owners had a few rights up until 2014. All of the legal rights were withdrawn in December 2014 by a Karnataka High Court judgement. The conversion of B khata properties into A khata is now required to prevent any difficulties during sale, buying, or transferring.
If you have a B khata property, then it does not show any special safety risks. You can also sell your home with the support of a B khata. A B khata does not grant building rights, therefore you may run into problems if you wish to construct on or renovate your land.
Do you get loans secured by B Khata properties?
A B khata is not a valid or authorised document proving ownership, hence you cannot obtain a loan against one from a nationalised bank. You as a consumer can still apply for loans from private banks. But keep in mind that the interest rates are higher for loans secured by B khata properties than they are for A khata properties.
The majority of banking institutions don't permit housing loans secured by B Khata properties. When providing these financial solutions, few private lenders still favour B Khata properties over those without a legal Khata.
Probably less effective than an A Khata is a B Khata. But still, it remains a legitimate legal instrument that supports finishing some legal processes that are impractical for properties without Khata.
This is all you need to know about is B Khata legal document or not.
Read More: How to convert B Khata to A Khata? Can you get an LIC home loan for B Khata? Is it safe to buy B Khata property in Bangalore?Your Feedback Matters! How was this Answer?
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Is B khata legal?
sahil
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2 Year
2022-12-27T22:46:48+00:00 2022-12-27T22:46:48+00:00Comment
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