Category Archives: Bangalore

A record low in air and noise pollution on bandh

Bangalore: The opposition sponsored bandh may have made a strong political point and Bharat Bandh could have brought the City to a standstill inflicting major blow to trade and business, traffic police who usually have to deal with heavy pollution in the City on other days appeared quite happy.

Toxic gases like sulphur dioxide, oxides of nitrogen and suspended particles were much below the permissible levels in those areas which have earned notoriety in terms of pollution. Sound pollution was almost 30 per cent below the permissible level.

“It is great to work on such days when you do not have any vehicular movement.  The atmosphere with less pollution looks quite good,” said a traffic constable.”Some amazing figures in terms of less pollution have been recorded. The KSRTC Bus stand which normally records 90 decibels recorded just 57.4 with 36 percent less reduction,” said Sadashivaiah.

According to source, City Railway Station showed a steep reduction in oxides of nitrogen (NOx). It reduced to 34.02 microgram per cubic metre which is 148 micrograms onother days. The permissible standard for NOx is 80 micrograms per cubic metre.

The deserted road, less vehicular movement, children playing on an otherwise busy streets and people strolling leisurely on the roads reminded the grand-old folk their golden old days when Bangalore had earned the name of ‘Garden City’ and ‘Pensioners’ Paradise’.

Source: Deccan herald

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BBMP resumed its anti-encroachment drive after the Diwali holidays on Monday

Three properties that were encroaching upon a storm water drain have been demolished since last week.Half a kilometre of the drain was encroached by nearly 70 shops. Settled for years, they clogged the drain space, causing floods during the monsoon.

The BBMP on Monday resumed its anti-encroachment drive at Sultanpet after the Diwali holidays. These encroachments are along the stretch from Balepet circle to City Market.  Three properties have been demolished since last week. Another eight are expected to be demolished by this weekend. However, BBMP had halted the operation for the weekend, based on local MLA Gundu Rao’s suggestion to give the people time to vacate.The BBMP on Monday resumed its anti-encroachment drive  after the Diwali holidays.

Reference

The Times of India: Demolitions continue in Sultanpet

Apartments in Bangalore

Things an Apartment Owners Association Members should Know http://www.commonfloor.com/articles/

Property transaction in post office

From next month, property buyers can pay their registration fee and stamp duty in near by post office. Karnataka Stamps and Registration Department is considering to launch the facility in post office and public sector banks across the state for property registrations. On a pilot basis, the department is planning to launch the facility in 75 post offices in Bangalore by next month.

A public sector undertaking, Stock Holding Corporation of India Limited (SHCIL) would be in charge of keeping a centralized record of all e-stamping documents. The department in association with SHCIL, is implementing e-stamping to put an end to illegal benami registrations and for plugging revenue leaks.

The postal department wants to charge Rs 10 as fee from for e-stamping denominations up to Rs 100, and Rs 15 for e-stamping denominations above Rs 100. The post offices have expressed interest and are waiting for a final approval.

Reference:

Banks refuse to process loan applications without Khata

Banks and financial institutes refuse to process home loan for borrowers without Khata certificate. The government has stopped issuing new khatas. Even changing the khata from seller to buyer is not being done, citing administrative issues.

After a long impasse over registration of properties, which has now been solved, the vexed khata issue is hindering the home loan process and has left property buyers in the lurch. To facilitate sale of properties in former urban local bodies around the city, the government on August 14 suggested alternative documents for registration — copies of khata and assessment extracts issued by CMCs, TMC or village panchayats under whose jurisdiction the buildings/land belonged.

According to the inspector general of registration and commissioner of stamps, K R Niranjan, the government communication has been sent to all sub-registrars but not the banks.

Reference:

Buyers in new areas not getting home loans

Builder will pass benefit of tax holiday to consumers

Union Finance Minister has clarified that profits from housing projects, qualified under Section 80IB(10) of the Income Tax Act and approved by a local authority between April 01, 2007 and March 31, 2008, will be tax free, if they are completed before March 31, 2012. The project need to meet following criteria or conditions to get the benefit of tax holiday.

  • The project should be having at lease one acre land
  • The project should be within 25 km from local municipal limits
  • The built-up area of each residential unit should be less than 1,000 sq.ft. in metros and 1,500 sq.ft. in other places.

If you are planning to buy a property or apartment, it is likely that your property price will be affordable or much lesser price. If you are planning to buy a property from such projects, builders will pass benefit of tax holiday to your property price.

Reference:

Make full use of the home loan subsidy

Final Notification of 198 wards issued by BBMP-Bangalore

Final notification on BBMP wards issued

The number of wards in the final notification remains the same as in the draft, and the number of wards whose names have changed are over 45. The number of wards in which the areas have either been included or excluded are over 30. The draft notification, issued by the Urban Development Department on June 17, was subject to suggestions and recommendations before June 30. After looking into over 1,500 suggestions, the Urban Development Department finalised the delimitation.

Form IV and Form V for filing property tax 2009-10

Tax payers can pay property tax 2009-10 from July 1 at respective help center. BBMP accepts property tax from payers in two different forms. Form IV is property owners who made no change to their property. The property owners who made change from previous return can file their property tax in form V.

Form is available at Citizen Help center. Form IV is available in white and Form V in Blue. The change in property can be extend of built-up area, usage, occupancy or category.

Tax payers paying DD or Pay order will be issued the receipt on the spot and tax payers paying property tax by cheque will get receipt of return only on realization of cheque. They can get acknowledgement for receipt of return. The property tax payers paying tax for whole year on or before July 30 will get tax rebate of 5 per cent. Last date for paying tax for whole year or first half-year without penalty will be on August 30.

Link To Refer:

File your property tax return 2009-10