+
BBMP to extend the OTS tax facility to khata-less properties
Real Estate

BBMP to extend the OTS tax facility to khata-less properties

The owners of more than 0.5 million khata-less homes in the city will soon have the chance to take advantage of Bruhat Bengaluru Mahanagara Palike's (BBMP) one-time settlement (OTS) initiative and pay their property tax debts in order to avoid fines and interest. According to BBMP officials, the rollout of the March OTS was delayed due to the Lok Sabha elections. It is anticipated that the scheme will generate between Rs 8 billion and Rs 10 billion annually. Munish Moudgil, special commissioner (revenue), stated that approximately 0.7 million properties in the city are currently outside the property tax net. Recently, Deputy Chief Minister DK Shivakumar issued an order to bring these properties into the tax net by offering them special incentives. Moudgil explained that some property owners who had not obtained khata from BBMP were not paying property tax. He mentioned that these owners could submit an online application and receive a provisional tax number. They would have the opportunity to pay their taxes by July 31, the deadline for the OTS scheme, thereby potentially saving significant amounts on penalties and interest. Subsequently, revenue officials would verify the documents and issue a khata within three months. Any excess amount paid by property owners would be adjusted against the following year's tax liabilities. Regarding the process, Moudgil outlined that property owners would log into BBMP's property tax SAS system using their mobile number and OTP. They would enter the registered sale deed or transfer deed number, and based on this information, details including property ownership and encumbrance certificates would be fetched from KAVERI-2. Property details such as photographs, GPS coordinates, and addresses would also need to be entered. Verification would compare owner details with Aadhaar data against purchaser names obtained from KAVERI-2. If a match was found, owners could proceed to pay their property taxes. In cases of mismatches, the matter would be referred to an authorised revenue officer (ARO) or designated officer for review and decision-making. Upon confirmation of details and matching criteria, a temporary SAS number would be generated for the property in the system. Owners would then complete Form 3 to provide property usage details and make payments covering applicable taxes, interest, and penalties under the OTS scheme.

The owners of more than 0.5 million khata-less homes in the city will soon have the chance to take advantage of Bruhat Bengaluru Mahanagara Palike's (BBMP) one-time settlement (OTS) initiative and pay their property tax debts in order to avoid fines and interest. According to BBMP officials, the rollout of the March OTS was delayed due to the Lok Sabha elections. It is anticipated that the scheme will generate between Rs 8 billion and Rs 10 billion annually. Munish Moudgil, special commissioner (revenue), stated that approximately 0.7 million properties in the city are currently outside the property tax net. Recently, Deputy Chief Minister DK Shivakumar issued an order to bring these properties into the tax net by offering them special incentives. Moudgil explained that some property owners who had not obtained khata from BBMP were not paying property tax. He mentioned that these owners could submit an online application and receive a provisional tax number. They would have the opportunity to pay their taxes by July 31, the deadline for the OTS scheme, thereby potentially saving significant amounts on penalties and interest. Subsequently, revenue officials would verify the documents and issue a khata within three months. Any excess amount paid by property owners would be adjusted against the following year's tax liabilities. Regarding the process, Moudgil outlined that property owners would log into BBMP's property tax SAS system using their mobile number and OTP. They would enter the registered sale deed or transfer deed number, and based on this information, details including property ownership and encumbrance certificates would be fetched from KAVERI-2. Property details such as photographs, GPS coordinates, and addresses would also need to be entered. Verification would compare owner details with Aadhaar data against purchaser names obtained from KAVERI-2. If a match was found, owners could proceed to pay their property taxes. In cases of mismatches, the matter would be referred to an authorised revenue officer (ARO) or designated officer for review and decision-making. Upon confirmation of details and matching criteria, a temporary SAS number would be generated for the property in the system. Owners would then complete Form 3 to provide property usage details and make payments covering applicable taxes, interest, and penalties under the OTS scheme.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?