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E-Stamp for Property Registration

Monday, June 15th, 2009

The Stamp and Registration Department will catch up and implement e-stamp project for registration of property. From this August onwards, you will not have to stand in long queue at sub registrar’s office or in bank to purchase stamp papers.

E-stamping is computer based application which enables you to pay for stamp duty using electronic device. It is safe, secure and easy process of paying stamp duty when comparing to traditional stamp duty payment. In short, “e-Stamp” means an electronically generated impression on paper to denote the payment of Stamp duty, by Central Record Keeping Agency or ASC.

At present government has authorized national banks to sell stamp paper and these bank will continue issuing stamp paper but not under e-stamping system. Government will take decision on whether to with draw the service or not depending on success of e-stamp paper. The system was launched with association of Stock Holding Corporation of India Ltd (SHCIL).

In future, payment of stamp duty will be collected by Authorized collection Centre (ACC) or Authorized Stamping Center (ASC). The ASC official will feed details of transaction after collecting stamp duty and will generate a stamp duty paid certificate. This will not take more than five minutes. The revenue department has framed separate rule under Karnataka Stamp Act for implementing e-stamping system The Karnataka Stamp (Payment of Duty by Means of e-stamping) Rules, 2009.

E-stamp certificate is temper proof with security features such as 2-dimensional barcode, watermark and micro-digiting. The agents have to register with SCHIL and need equipments such as computer with internet, printer and other related infrastructure. Agents could be post office, banks or charted accountant and they will get 0.15% from SCHIL on each transaction. E-stamping was launched by the state government in 2008 with a pilot at Gandhinagar sub-registrar office which spread to other four SR offices.

Applicants for e-stamp duty need to pay ASC official for stamp duty and they will feed the details or information provided by applicant and downloads the e-certificate. The print out of same is taken and sign with date and official seal. Non-washable permanent black ink is to be used by official to sign. Applicant can go to sub-registrar office with the certificate.

Links to Refer

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Pay Your Property Tax or Pay Double

Friday, June 12th, 2009

School admissions, reopening of school, school fees, paying property tax, filing returns…etc makes citizen busy in this June. Government has changed the last date for paying property tax for 2009-10 from June 30 to July 30. This gives relief to tax payers and advantage of tax rebate can be enjoyed by making prompt payment on or before July 30.

BBMP gets more time to examine the details of defaulters and advise them for paying property tax in time. This will enables property owners to avoid paying penalty or double amount. Property owners who has paid wrong tax amount can file returns without penalty on or before June 30, 2009. After June 30, BBMP will issue notice to defaulters of property tax 2008-09 and the tax has to be paid within 15 days from the receipt of notice. If property tax is not paid within 15 days, a distress warrant will be issued to attach movable properties in the house towards property tax payment.

Pay your 2nd installment for property tax 2008-09 on or before June 30 and avoid paying penalty. If you made any default in 1st installment, you will have to pay 2% interest per month.

Three factors considered by Government to change the deadline

In June property owners may find difficult to make prompt payment because of school admissions and paying school fees for the month. Also they won’t be able to get benefit of 5% rebate if they pay in July.
Second factor is that BBMP has more time to examine the list of defaulters and advise them in right time.
Finally, property owners who has paid wrong tax amount can file returns without penalty.

Online helpline against tax evaders

BBMP has come up with online helpline for people who are willing to partner against tax evaders. A brown link enables people to submit details of tax evaders. The service is available in BBMP’s official website http://www.bmponline.org/. The page contains details of Assistant Revenue Officer (ARO), Ward name and Street name. Once these are selected, click on report to see the details of property. Brown Link helps citizen to provide information of defaulters and will not enclose senders’ details. Senders’ detail will be kept confidential.

Revised tax calendar

  • June 30:

Last date for paying 2nd installment of property tax 2008-09
2% interest for each month if any default in first installment of property tax 2008-09
File returns for wrong amount paid by property owner without penalty.

  • July 30:

Last date for first installment of property tax for period 2009-10
Last date to avail rebate for tax paid full 2009-10

  • August 30:

Last date for whole period or paying property tax 2009-10 without penal 2% interest per month.
Links To Refer

http://www.bmponline.org/

Documents required for property Registration

karnataka-property-tax-2009

timesofindia.indiatimes.com

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Property Registration in New Areas Has Come Down

Thursday, June 4th, 2009

Residents of new areas is facing problem of property registration by merging of some urban local bodies with City Corporation by BBMP . As per rule when urban local bodies are elevated with city status, fresh Khatas to properties in CTC/TMC/ village panchayats should be issued by City Corporation. This is for proof or endorsement that the properties have been transferred to corporation limits.

However, merging of eight CMCs, one TMC and village panchayat with City Corporation seems not in smooth for property registration. Residents in new areas are facing problem for property registration as sub registrar insists BBMP must issue an endorsement stating that property comes under their jurisdiction for transfer or registration of property but BBMP has not streamlined khata of CMCs. This directly or indirectly leads to come down of property registration in new areas.

According to guidelines of state revenue department on registration of property or transfer of property, property owner must submit the endorsement or new khata extract along with other documents for registration. The endorsement will state that property belongs to jurisdiction of BBMP but BBMP is going slow in issue of new khata. Inspector general of registration and commissioner of stamps clarifies that though department has come out to help residents of new areas BBMP has not shown any co-operation till now.

BBMP states that new khata cannot be issued without verification of existing khata. If the khata is issued without any verification it will be like legalizing illegal or encroached property by putting seal of approval. They also states that if any discrepancy comes fingers will first point to BBMP.

In short, residents of new areas cannot register or transfer property unless they get endorsement from BBMP or BBMP issues fresh khata. Residents in new areas are upset with BBMP process and procedure.

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Changing Face of Playground in Bangalore

Wednesday, June 3rd, 2009

In Bangalore most of public playgrounds are used for parking vehicles of people working or living in and around the area. Well it is true that traffic and vehicles in Bangalore city is increasing day by day. Vehicle owners are struggling to park their vehicle when they go for shopping, office or even in their residential areas. BBMP is working for smooth movement of vehicles and make life better for citizen in Bangalore.

Akkithimanahalli playground is one of the public playground which BBMP claims is “developed” is changing its face from playground to parking lot. Now this ground is used most by vehicle owners than children. People in and around Richmond Town began to raise voice against using them as parking lot. One of the resident points that vehicle parked inside the playground is either of people working or residing in and around Richmond Town.

The fact is that playground is public space and cannot be encroached upon. BBMP has confirmed that the park is not sanctioned permission to park vehicle inside the playground. It also says that playground has no gate due to renovation and this made vehicle owners to park vehicle inside the playground and they will stop them using when the gate for playground is installed.

Residents of Richmond Town complaints that few months the ground is taken over by debris as a part of renovation and now new hindrance arise where playground is gradually changing its face from playground to parking lot. Residents hope ground will be soon renovated and children can use them as earlier.

Reference

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Revised Tax Calendar

Monday, June 1st, 2009

Previous deadline for collecting property tax for current block period (2008-09) was Saturday May 30. Revised date for current block period is June 30 without 2% penal interest. The revision will also be incorporated into online tax calculator on civic agency’s website starting on June 1, 2009. Interest for late payment of first half year will continue. BBMP said, there was significant tax collection as the previous deadline was last Saturday May 31, 2009.

Tax counter for new block period (2009-10) will open on July 1 and last date for paying tax for whole year on first half year without 2% penal interest will be on August 30. As per revised tax calendar, last date to avail rebate for tax paid in full will be on July 30. Property owners get one more time as previous deadline for property tax 2008-09 was moved to June 30.

Important Links to follow:

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BBMP Proposed To Extend Deadline for Property Tax 2009-10

Friday, May 29th, 2009

BBMP (Bruhat Bangalore Mahanagara Palike)  has proposed government to extend deadline for property tax for one month. If proposal is accepted property owners can pay property tax with rebate on or before July 31st. If this proposal is accepted property owner gets one more month relief in paying tax and paying tax without rebate will move one month further to August 31st. BBMP clarifies that there was high demand from property owners that they will not be able to make heavy payment on due date. The payment of second installment will continue to be November 30.  The forms can be obtained from help centers. The BBMP is also planning to make them available online.

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