Khata
A complete guide to what "Khata" means in real estate and how it applies to property transactions in India.
Definition
A Khata is a revenue document maintained by the municipal corporation (BBMP in Bangalore) that records details of a property including the owner's name, property dimensions, location, and the tax assessed on it. It is essentially an account of the property in the municipal records.
Use of Khata in Real Estate
In Bangalore, there are two types of Khata - "A Khata" (properties within BDA-approved layouts and BBMP limits) and "B Khata" (properties in unauthorised or revenue layouts). An A Khata is essential for obtaining building plan approvals, property loans, and trade licences. Buyers should always verify that the property has a valid A Khata, as B Khata properties may face legal and financing challenges.
Key Takeaway
Understanding "Khata" is essential for making informed real estate decisions. Always consult a qualified professional for advice specific to your situation.
Disclaimer: This glossary is for educational purposes only and does not constitute legal or financial advice. Definitions may not reflect the most current regulatory changes. Please consult a qualified professional for guidance specific to your transaction.