PGN Property Management in Bangalore

  Many people confuse CMC property tax with BBMP property tax payment. CMC property tax payment is different from BBMP property tax payment. We should pay CMC property tax in CMC office and not in BBMP office or BBMP website. Below is the step-by-step procedure to pay CMC property tax in Bangalore. Step 1:  We should have previous tax-paid receipt, receipt contains the details of property size and khata number Below is the image of previous tax-paid receipt, which we paid in 2019. Below image is another page of previous tax-paid receipt, we encircled the khata number and property size. Step 2:  Visit CMC office (in the jurisdiction where the property is located) Step 3:  Show your previous tax-paid receipt on tax counter. Officer provides tax challan. Callan looks like below image Step 4:  Visit the nearest Karur Vysya Bank, show the challan at cash counter and pay the property tax. Bank acknowledges the payment with seal in challan. Refer to the below image Ste...

  REGISTER THE “REVOCATION OF POWER OF ATTORNEY” Generally, Power of attorney (POA) is executed in two types, they are Local power of attorney (it means that POA executed and registered within India) Foreign power of attorney (It means that POA executed & attested in foreign country) Let me explain the revocation procedure for both types of POA. Below is the procedure to revoke local POA: Step 1:  Prepare the revocation draft in word format. The draft looks like the below image. Step 2:  Print the draft on document paper Step 3:  Pay the government charges through K2 challan. Below are the government charges Stamp duty: Rs. 200 Registration fee: Rs.200 Scanning fee: Rs. 30 per page (The above-mentioned rate and mode of payment are applies for Karnataka. Payment of stamp duty is state matter, the amount of stamp duty and payment method varies among states in India. ) K2 challan looks like the below image, Step 4:  Carry the following documents to sub-registra...

  No General power of attorney (GPA) is possible to anyone but there are few consequences for issuing GPA to non-blood relative NRI Buying: As an NRI, when you buy a property in India, you can give GPA to anyone that includes blood and non-blood relatives. Blood relatives:  Father, Mother, brother, sister, husband, wife, children, Non-blood relative:  cousin, friend, colleague, advocate, or broker The stamp duty for GPA adjudication in India is just Rs. 200/-(for buying property) NRI Selling: As an NRI, when you sell a property in india, you can give GPA to anyone that includes blood and non-blood relative The stamp duty for  blood relatives  is Rs. 200 The stamp duty for  non-blood  relatives is 5% of property value, which is very huge expense. For example: Every property in India has government value irrespective of property type (flat, land, independent house, factory, shop, etc..) Let's consider that you want to sell 3BHK flat in Bangalore India, t...

BBMP may not add the date for already processed Khata. You should reapply for Khata. Let me give my experience for the same situation you are facing now. I applied for my 1st khata on 4th April 2016. Below is the image of the payment receipt, khata certificate, and extract. In the below Khata, date is not mentioned. We encircled for your reference. Now I want to sell my flat. We found the buyer and submitted the photocopy of documents to buyer’s bank for verification. Including above khata certificate and extract The bank has rejected my khata certificate and extract, as the date was not mentioned in both my khata certificate and extract. We approached the BBMP office to incorporate the date in my old Khata certificate and extract but BBMP refused to incorporate the information in old document, instead BBMP official suggested us to apply for new Khata extract (reapplication). Following are the documents require for reapplication • Photocopy of old khata certificate and extract (refer a...

  Yes, but with few consequences As an NRI, when you buy a property, you can give POA to any of your trusted source in India that includes your father, mother, brother, sister, in-laws, friend, colleagues. The stamp duty for POA is just Rs. 200 (for buying a property) When you sell a property, you have to give POA to your blood relative, the blood relative includes your father, mother, brother, sister, husband and your own children. In-law doesn’t comes under blood relative category, that mean your father-in-law doesn’t come under blood relative category. Stamp duty for blood relative is Rs. 200 (for both buying and selling) For non-blood relative,  You can give POA to your father-in-law but you have to pay government charges (stamp duty, cess and registration cost) at the time of POA adjudication itself (instead at the time of deed registration) For example: Your property value is Rs. 50 Lakh. The stamp Duty is 5.1%X50 lakh = 2,55,000 Cess is Rs. 0.5%X 50 Lakh = 25,000 Regist...