78,000 property owners get Bruhat Bengaluru Mahanagara Palike notice | Bengaluru News – Times of India

BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) has issued notices to around 78,000 property owners for submitting wrong information about their properties under the self-assessment scheme.
The Palike identified 4.1 lakh properties, where data pertaining to location and dimension were not commensurate with the property tax being paid for the same.
The matter came to light when the civic agency undertook random physical inspection of its properties in the backdrop of low tax collection.
Properties are categorised under five-zones — A, B, C, D, E. The A, B and C zones are those which belong to the earlier municipal corporation and of higher tax value, while the ones in D and E zones are located on the city outskirts.
“There are many properties located in Central Bengaluru, but people have declared them in Rajarajeshwarinagar or Dasarahalli. The zonal officers are hand-in-glove with such property owners. It is saddening because such acts cause revenue loss to the exchequer,” said BBMP commissioner N Manjunatha Prasad.
Beginning April 1, BBMP will roll out an automated system, where property details will already be mentioned and owners will just need to pay tax accordingly.
Asked what would happen to the defaulters, Prasad said: “They will be asked to pay the difference in amount and also an added penalty of two per cent per month for a period of two years.”
10 years on, KR market to be ‘free’
The iconic KR Market, which had been mortgaged by BBMP 10 years ago to tide over its financial crisis, will finally be freed this year. With this, the Palike will become ‘debtfree’ and can raise more money from the market.
“We will be paying the loan’s last instalments to State Bank of India and get the mortgaged property released,” said commissioner Manjunatha Prasad. BBMP had mortgaged 12 properties in 2011-2012 to various banks to raise ?1,633 crore in loans to meet capital expenditure.
Over the past few years, it paid most of it and was left with ?463.6 crore to get back the five main mortgaged properties — KR Market, Dassappa Hospital Building, Public Utility Building, BBMP East office, and Kalasipalya Market. While other properties were released, KR Market was pending.
KR Market — the oldest and most expensive in the city — is worth over Rs 800 cr.
Civic agency raises a khata issue again
Like in its previous budgets, BBMP said it will convert all B khata sites into A khata ones this year. Manjunatha Prasad was confident it will be implemented this time, unlike in the past.
Work is on in collaboration with the revenue department; it will translate into a more transparent system and result in orderly growth of the city, he said.
In the past, the proposal was stuck as the issue is being heard in the Supreme Court along with the Akrama-Sakrama scheme. But Prasad said, “This has nothing to do with Akrama-Sakrama. Basically, B khata sites don’t need building plan approvals or any other permission from the agency, while A khata needs.” As per BBMP estimates, there are 5 lakh properties in the city under B khata.

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Sagar Biswas

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