Blog 2
Vital role of Khata in Property Documentation
The importance of having a Khata can be outlined as follows:
Property Ownership: Having a Khata signifies legal recognition of ownership by the municipal authority. It serves as proof of ownership of the property.
Property Tax Assessment: The Khata is essential for the assessment and payment of property taxes. Municipal authorities use the information in the Khata to determine the tax liability of the property owner.
Property Transactions: When buying or selling a property, having a Khata is crucial. It ensures that the property is legally recognized, making the transaction smoother and more transparent.
Access to Utilities: Some utility providers may require a Khata as proof of property ownership before providing services such as water and electricity connections.
Building Permissions: If you intend to make modifications or construct buildings on your property, having a Khata is often necessary to obtain the required permits and approvals from municipal authorities.
Legal Disputes: In case of any legal disputes related to property ownership or tax assessment, the Khata serves as an important document for resolving such issues.
Loan Application: Financial institutions often require a Khata as part of the documentation when applying for loans or mortgages against the property.
It serves as a legal document to identify the property owner. It is essentially a document maintained by municipal authorities that records details such as property size, location, and ownership for property tax assessment.