B-to-A Khata conversion rebate window ends with 80,412 applications; only 12% of total beneficiaries
Bengaluru North City Corporation received the highest number of applications at 23,354, generating ₹144.9 crore in revenue
The deadline for the B-to-A Khata conversion rebate ended on August 23, 2022, with only 12% of the estimated beneficiaries applying for the conversion. Across the Greater Bengaluru Area (GBA), 80,412 applications were received, and the scheme generated ₹525.7 crore in revenue. Bengaluru North City Corporation led the applications with 23,354, earning ₹144.9 crore.
The west and south corporations followed with 22,479 and 17,262 applications, respectively, generating ₹131.1 crore and ₹124.3 crore in revenue. The reduced conversion charge from 5% to 2% of the guidance value in the area prompted the initial surge in applications, but fewer than 14,000 were received in the first few months. Despite the rebate, the scheme did not attract much interest initially, but saw significant momentum in the last nine days of the discount window, with 32,000 applications received in a span of nine days.
Some beneficiaries have applied for conversion, assessed the charges, and eventually opted not to pay them. While the rebate scheme is not likely to be extended, properties receiving the most applications are in areas with relatively lower guidance values, indicating many still consider the scheme.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
