CMC Approved, Khatha & Occupancy Certificate
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Hi,
I am looking for an apartment to buy and trying to understand a few things –
1. If a property is approved by a CMC (in this case Bomanhalli) and not BBMP – is it a negative or a disadvantage? Any risk associated with this? Does it impact the property value and ease of resale?
2. What does an occupancy ceritificate signify? What is the risk in buying a resale property (5 yrs old) which does not have an OC?
3. Since which year does BBMP issue computerised khata and tax receipts? The property I am looking at has a hand-filled khata issued in 2005. Does this mean it is not an A-khata?
Thanks for all your help! It is very difficult to understand all these legal aspects for a first time buyer and your website is a fantastic resource for us!!
Regards
Sonali
Question received on E-Mail
2 Answers
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Please note I am not a legal expert. You should get in touch with a property lawyer for expert advice.
1. In early 2007 the areas coming under CMC were merged into the Bangalore Mahanagara Palike to form the Bruhat Bangalore Mahanagar Palike (BBMP). Please verify if the apartment owner has applied for a Khatha from the BBMP. The CMC approval should still hold good.
2. The Occupancy Cetificate is an important document which signifies that the authorities who approved the project have inspected the buildings within the project and certify that there are no deviations from the approved plan and in case of high rise buildings the OC also indicates a clearance from the fire safety department. All apartments coming under the BBMP should mandatorily have an OC issued as per BBMP rules. If the construction of the apartment was completed after the formation of BBMP then the OC is a must. The risk of not having an OC would be that portions of the property that are deviating from the original plan may be demolished or you will have to pay a fine to regularize the property.
3. I am not sure about this
@irs_b
‘A’ Khatha is the real identification document issued by civic authorities ex. BBMP which recognizes the ownership of a property by an individual. The ‘B’ Khatha is not really the Khatha certificate but just an entry made into the property register that recognizes that BBMP has received tax credits for this property. Banks generally will not extend loan to the so called B Khatha sites.
