JHAMB ASSOCIATES

 Sahil Jhamb

 10 Years Exp

 Khata Extract (Show More)

 Mohali , Zirakpur

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Information

Overview
How to get Khata Extract?

In order to obtain a Khata Extract, the owner needs to follow the below procedure.

    Obtain a notarized copy of the sale deed. This can be obtained from a notary for a fees of Rs. 100/ or so.
    Obtain encumbrance certificate (EC) for the property in question. It takes about 7 days to get the EC. Sale deed is mandatorily required to obtain EC.
    Khata application submission can be done either online or at BBMP office. The application form costs about Rs. 10/-.Submit the filled application form with the documents at BBMP office. The buyer should ensure that he/she gets an acknowledgment form for the same. Note that based on information given based in an RTI, the application form available online cannot be used to file for Khata. The online form is just a sample form.
    It takes around 15 days to process an application. The buyer should keep enquiring till he/she is able to obtain a demand note issued in his/her favor. The amount of registration fees that needs to be paid is indicated in the demand note.
    BBMP revenue in-charge and assistant revenue officer will visit the property in order to assess the value of the property. In case of commercial property (that includes any property that might be rented-out), the property tax is twice the property tax of residential properties.
    After property assessment, BBMP will inform the owner of the size of the property, tax liability, etc. A notice informing the owner of the registration fees is issued within one or two weeks. The registration fee is around 2% of the value of the property in sale deed
    By this stage, Khata registration has been done.
    After paying the Khata registration fees, within a period of 1-2 weeks, BBMP will issue a notice to pay property tax. Only once you pay the property tax will the Khata extract be issued in the buyer’s name.
    The Khata extract, once issued, is valid only for 5 years and needs to be renewed after that. It is obtained by paying a fees of Rs 100/- per extract.
    When does the Owner name and his details Change ?

    The change in Owner name and his details will take place when one of the following transactions occurs :
        a. J-Slip - Sale transaction takes place at SRO.
        b. Inheritance - Death of the Owner.
        c. Division of Land within Family Members.
        d. Court Decree - Order of the court.
        e. Grant by the Government.
        f. Alienation for non-agricultural purposes.
        g. Acquisition by Government.
        h. Podi - Division of RTC into 2 or more.
        i. Pledge/Release of the Land with / from banks.


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Name : Sahil Jhamb

Law Firm Name : JHAMB ASSOCIATES

Country : India

City : Mohali

State : PUNJAB

Practicing Since: 2015

About Your Firm : JHAMB ASSOCIATES

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