Bengaluru local government would allow Rs 5 lakh in khata-less houses to use the OTS tax provision.

BENGALURU: The owners of more than 5 lakh khata-less homes in the city will soon get the chance to take advantage of Bruhat Bengaluru Mahanagara Palike’s (BBMP) one-time settlement (OTS) initiative and settle their property tax debts, avoiding fines and interest.

The Lok Sabha elections caused a delay in the March OTS launch, according to BBMP officials. Through the program, officials want to produce between Rs 800 crore and Rs 1,000 crore annually.

According to Special Commissioner for Revenue Munish Moudgil, about 5-7 lakh properties in the city are not subject to property taxes. DK Shivakumar, the deputy chief minister, has issued an order to make them subject to taxes by offering them incentives.

Owners without a Khata can use the OTS facility till July 31. BBMP

Certain property owners were not paying property tax since they had not received khata from BBMP. These owners can apply online. “They can make payments using the provisional tax number we will give them. If they pay it by July 31, the last day of the OTS program, they can save a significant sum of tax penalty and interest, according to Moudgil.

After confirming the paperwork, revenue officials will issue a khata in three months. Any excess amount paid will be deducted from the tax for the following year by BBMP officials.

How it works: Using a mobile device and an OTP, the property owner will be able to log onto the BBMP property tax SAS system. The encumbrance certificate will be retrieved from KAVERI-2 based on the owner’s entry of the registered sale deed or transfer deed number and the property’s data. The property’s GPS coordinates, address, and photo should all be entered by the owner.

The property owner will be permitted to proceed and pay tax if there is a match between the purchaser’s name in the information collected from KAVERI-2 and the owner details obtained through Aadhaar.

If there is a discrepancy, the matter will be sent to an ARO or a designated officer for review and determination.
A temporary SAS (self-assessment scheme) number will be generated for the property in the system once the name match and other details are verified. After that, the owner can fill out Form 3 with information on how the property is used and pay property tax, interest, and penalties by current OTS regulations.