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A sigh of relief to those people who own plots the rule for land use conversion is now approved by the Deputy Commissioner. The Bruhat Banaglore Mahanagara Palike which is known as the (BBMP) is probable to officially make a declaration soon about the slabs for the advancement charges for these properties to receive a A Khatas. The Palike is likely to fix Rupees 350 per sq. m. as the advancement fees and also for lands which are measuring up to around 1,000 sq. m. and Rs. 300 per sq. m. for such lands which are spread over more than approximately 1,000 sq. m. of the entire area.
Mr. BS Sathyanarayana who is the Mayor of Bangalore discussed that the authorities had submitted the details of fees to the high court which was conducting the hearing for a related case. They have recently received a green signal from the court. The announcements about tit as a model code of conduct could not be made due to the LS elections were in full swing. Thus, there are expectations of this notification to be soon issued.
This new strategy will definitely help the land owners and also the property owners to convert their property for agricultural use. In the present scenario the B Khatas which doesn’t permits them to apply for bank loans, but by the payment of this so introduced betterment charges will definitely let them get converted to the A Khata and hence, it will help them to apply and raise loans on their property. It will also help the cash trapped BBMP to generate adequate revenue of nearly Rs. 200 Crore by the payment of the advancement charges.
Doing so; the owners of land will receive the choice to pay the remuneration in four installments which is quite at the favor of the land and property owners. Those owners who wish to pay through more than the four installments will have to pay 1.5percent as interest per month along with the installment money.
During the year 2011 the BBMP affixed the custodies according to the different slabs. This same instance was interrogated in the high court, this situation directed the BBMP to formulate a committee to adjust and fix a uniform fee. Then during the year 2014, the Palike secured and fixed a common fee and permitted it in front of the council and then later surrendered an affirmation in the court about the new fee to come in to force as directed according to the regulations.
In 2011, the BBMP had fixed the charges in different slabs. This was questioned in the Karnataka high court, which directed the BBMP to constitute a committee to fix a uniform fee. In January 2014, the Palike fixed uniform fees and approved it in the council and later submitted an affidavit in court about the new fees to act as per its directions.
Mr. BS Sathyanarayana who is the Mayor of Bangalore discussed that the authorities had submitted the details of fees to the high court which was conducting the hearing for a related case. They have recently received a green signal from the court. The announcements about tit as a model code of conduct could not be made due to the LS elections were in full swing. Thus, there are expectations of this notification to be soon issued.
This new strategy will definitely help the land owners and also the property owners to convert their property for agricultural use. In the present scenario the B Khatas which doesn’t permits them to apply for bank loans, but by the payment of this so introduced betterment charges will definitely let them get converted to the A Khata and hence, it will help them to apply and raise loans on their property. It will also help the cash trapped BBMP to generate adequate revenue of nearly Rs. 200 Crore by the payment of the advancement charges.
Doing so; the owners of land will receive the choice to pay the remuneration in four installments which is quite at the favor of the land and property owners. Those owners who wish to pay through more than the four installments will have to pay 1.5percent as interest per month along with the installment money.
During the year 2011 the BBMP affixed the custodies according to the different slabs. This same instance was interrogated in the high court, this situation directed the BBMP to formulate a committee to adjust and fix a uniform fee. Then during the year 2014, the Palike secured and fixed a common fee and permitted it in front of the council and then later surrendered an affirmation in the court about the new fee to come in to force as directed according to the regulations.
In 2011, the BBMP had fixed the charges in different slabs. This was questioned in the Karnataka high court, which directed the BBMP to constitute a committee to fix a uniform fee. In January 2014, the Palike fixed uniform fees and approved it in the council and later submitted an affidavit in court about the new fees to act as per its directions.
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