`B` Forms are not B kathas as envisaged by many. There are many innocent buyers, who are in total confusion about it. It is not a khata. It is issued to the holder, by the virtue of the sale deed copy produced to the authorities. It will not confer the holder ANY, right, title and interest in the property. It is only a FORM under the Taxation rule of 2008. Do not confuse it with the original KATHA.
The B forms will be issued to any property, for which, the taxes had been remitted, but will not confer any titles. In most of the cases, it is not binding. Majority of property holders, are trying and have obtained it in different ways and means to sell their properties. Some Sub-Registrars are demanding the confirmation from the concerned revenue authorities before registering the property.
Be careful before buying a B katha property. You will never know the end.
Generally, Banks will not sanction the loans against such property and the municipal authorities might not sanction building plans.
The B forms will be issued to any property, for which, the taxes had been remitted, but will not confer any titles. In most of the cases, it is not binding. Majority of property holders, are trying and have obtained it in different ways and means to sell their properties. Some Sub-Registrars are demanding the confirmation from the concerned revenue authorities before registering the property.
Be careful before buying a B katha property. You will never know the end.
Generally, Banks will not sanction the loans against such property and the municipal authorities might not sanction building plans.
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