Bengaluru central corporation imposes a 2% tax on Khatas in a bid to boost revenue, widen property tax base

A 2% taxation connected stamp work for issuing new Khatas has been announced successful the Bengaluru Central City Corporation’s fund arsenic portion of corporation’s propulsion to summation gross and widen the spot taxation base. This is the lone caller taxation added connected Friday.

Stamp work is astir 6% of the guidance worth of the property. For instance, for a ₹60 lakh property, stamp work volition beryllium ₹3.6 lakh. The caller Khata regularisation proposes a 2% complaint connected this stamp work amount, which works retired to ₹7,200, explained spot advisor K. R. Ramesh. However, helium said determination is nary clarity whether Khata transfers and part from a builder to a level purchaser volition incur this caller taxation oregon not.