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Bangalore: BBMP’s Revenue officials asked to begin collection of betterment fee

No Comments Sub Category:Bangalore,Realty News Posted On: Jul 09, 2014

The Revenue officials of the Bruhat Bangalore Mahanagara Palike (BBMP) have been instructed to commence the process of collection of betterment charges in connection with the regularisation of sites formed under converted lands.

The directions to set the ‘betterment charges collection’ process in motion were issued to the BBMP’s Revenue officials in a circular released on Monday.

It has already been resolved by the BBMP council that, for converted land in 100 wards in core areas, the betterment fee will be fixed at Rs. 200 per sq m; while the betterment charges for land converted in 98 wards in newly added areas will be Rs. 250 per sq m.

As per the details shared by the BBMP, civic amenities are currently lacking in six categories of properties, which include residential buildings constructed by Karnataka Housing Board, Karnataka Industrial Areas Development Board, and Karnataka State Small Industries Development Corporation.

In addition, civic amenities are also lacking in a number of areas which the Bangalore Development Authority has reconveyed. The category also includes those properties which have been regularised under the Karnataka Land Revenue Act Section 94 (C).

The collection of betterment charges will yield estimated revenue of Rs. 500 crore for the BBMP; and will enable property owners to get their ‘A’ khata which will facilitate them in getting bank loans and sanctioned building plans.

Source – The Hindu

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