A khata is an essential legal document used in property transactions in India. A khata includes all the vital information about a property, such as the size of the property, the location, and whether the property is residential or commercial.
The primary purpose of a khata is to file and document property taxes. Property owners that clear all kinds of taxes and comply with standard property norms receive an A khata, which certifies the property as legal. An A khata also helps a property owner apply for housing loans.
Property owners who fail to comply with government taxation regulations receive a B khata from the local municipal corporation. The property owenrs are liable to convert this B khata into an A khata to legalize their property and indulge in any transactions.
They can do it simply by complying with government-regulated taxation laws and paying the pending taxes.
A Khata is a legal document used for filing and computing property tax. This document contains all kinds of details connected to a property, such as information about the owner, size, location of the property, carpet area, and so on.
The property identification number is one essential aspect of a khata. This document does not provide ownership to an individual but identifies that owners are liable to pay tax for a property.
There are two different types of khata in use- A khata and B Khata:
A khata is provided to a property that receives all kinds of approvals from the concerned authorities. The property must adhere to building regulations and taxation norms in this scenario. An A khata makes it easier for property owners to receive loans, building plans, and occupation certificates.
On the other hand, B Khata is issued to properties that violate all property regulations and fail to pay taxes. A B khata is a temporary document, and the property owner must convert it into an A khata by complying with the rules.
A khata is one essential legal documentation used in property transactions in India. Having an A khata allows a property owner to continue the development of a structure on a site. They can also utilize an A khata while applying for house loans from bans or non-banking financial organizations.
An A khata also enables the owner to resale ownership of a property. Property owners with a B khata must convert their document into an A khata to enjoy property ownership and lawfully utilize their property.
