Can I buy a flat if it is registered in the seller’s name but the Khata is not transferred to his name from the builder in Bangalore?
Yes, can buy a flat if seller has not obtained the khata certificate and khata extract yet. You will incur double the khata transfer fee when you apply for Khata transfer. For Example: Seller sold the property to you You apply for khata trasfer. You have to incur the khata fee of your seller and yours as well The approx khata fee is 2% of seller deed’s stamp duty + 2% of your deed’s stamp duty. it means you are covering the khata fee of your seller’s as well. khata is an important document that determines the valuation of a property. For example: A-khata values more than B- khata. A -Katha properties are approved and possession issued by a municipality, which complies with basic utilities like water, electricity, sewage. Though Khata is not mandatory for property registration but it's an important document to verify before you proceed with deed registration. If the property is in an apartment, can cross-verify the khata type from other residents in same apartment, as all the flat