With the introduction of E-Khata, the Khata Transfer process has also evolved. Here’s what you need to know about E-Khata Transfer and why it’s beneficial for property owners:
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Definition of E-Khata Transfer:
E-Khata Transfer is the process of digitally updating ownership records in the E-Khata system, which can be done online through the municipal authority’s portal. The E-Khata Transfer process is similar to the traditional Khata Transfer but is handled entirely online.
Advantages of E-Khata Transfer:
- Speed: E-Khata Transfer can be faster than traditional methods, reducing waiting times for new owners.
- Convenience: No need to visit the municipal office; the entire process can be done online.
- Transparency and Traceability: Digital records of ownership transfers are more accessible and secure, reducing the risk of loss or tampering.
Steps for E-Khata Transfer:
- Log on to the Municipal Portal: Begin the process by visiting the municipality’s website (like BBMP’s online portal) and selecting the E-Khata Transfer option.
- Submit Required Documents: Similar to traditional Khata Transfer, documents such as the sale deed, Encumbrance Certificate, property tax receipts, and identity proofs of both the buyer and seller are required in digital format.
- Pay Transfer Fees Online: A nominal fee, calculated as a percentage of the property’s value, must be paid online.
- Receive Updated E-Khata: Once verified, the updated E-Khata with the new owner’s name is available for download, completing the transfer process.
Eligibility for E-Khata Transfer:
Both A and B Khata properties can be transferred to new owners using the E-Khata system. However, the benefits of A Khata, like loan eligibility, remain unchanged, making it preferable for those seeking financial approvals.
Why Opt for E-Khata Transfer?
- Ease of Access: New owners can handle Khata Transfer remotely, saving time and reducing the need for paperwork.
- Record Transparency: Since records are updated online, future verification or adjustments are easier, making it simpler for property transactions, tax payments, and even resale.
Conclusion on E-Khata in Khata Transfers:
E-Khata is transforming how property documentation and transfers are managed, making the process more efficient for both buyers and sellers.