Property owner
Property owners, who are facing problems to get property registration (PR) cards, can now see a sign of relief. Approximately 20 percent of 35,000 property owners were supposed to get property registration cards, which allows ownership of a property in urban areas as per Karnataka Land Revenue Act (1964). The urban development department has allowed the [...] Continue Reading »
Any buyer of immovable property may soon be able to electronically check details regarding the property – whether the property concerned is free of encumbrances, i.e. outstanding mortgage or unpaid taxes. CERSAI, a Government company, plans to soon allow individuals to access the information recorded with the central registry. The central registry is a shared [...] Continue Reading »
It’s time to pay property tax! It is April and the time has come for all of us to pay property tax to namma BBMP. The property tax payment will have to be paid through the Self Assessment Scheme (SAS) and get 5 percent rebate. From April 1st BBMP has started collecting property tax for [...] Continue Reading »
Is your property deeded in your name along with your wife’s? If yes, here you have an exciting news, you can enjoy full exemption from long-term capital gain tax while selling your property. Delhi High Court discussed with the government to declare the same. Also High Court has implementing the same plan on the new [...] Continue Reading »
Property card is a new mantra from now on and it will no more be “Khata certificates“. According to the property holders in Bangalore city, the way government maintenance of property papers is turning situations from bad to worse. If any property buyer wants information on their property from the Bangalore Development Authority (BDA), its [...] Continue Reading »
