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Bengaluru: The Bangalore Development Authority (BDA) has halved the fee for regularising houses built on BDA-acquired land before July 10, 2008, to encourage more property owners to avail themselves of the facility under Section 38(D) of the BDA Act. it has received only 600 applications so far, chief minister DK Shivakumar said Monday Although the authority had estimated that nearly one lakh property owners would be eligible for regularisation. Under the revised fee structure, owners will have to pay a percentage of the current guidance value of the land, including the building, as follows: 5% for sites measuring up to 20 × 30 ft; 12.5% for sites above 20 × 30 ft and up to 30 × 40 ft; 20% for sites above 30 × 40 ft and up to 40 × 60 ft; and 25% for sites above 40 × 60 ft and up to 50 × 80 ft.
After a review meeting with BDA officials, Shivakumar launched a citizen portal through which property owners can apply for regularisation and access other BDA services. You Can Also Check: Gold Rate in Bengaluru | Silver Rate in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru | Bengaluru AQI | Weather in Bengaluru | Petrol Price in Bengaluru | Diesel Price in Bengaluru | CNG Price in Bengaluru | LPG Price in Bengaluru Stay updated with the latest Bengaluru news.
“I request owners of such properties to apply before Dec 17 and get their buildings regularised at the revised rates,” he said. Corner sites are excluded from the scheme. The provision will also not apply to buildings on land reserved for parks, playgrounds, open spaces or civic amenities; land required for roads or obstructing the alignment of a proposed Ring Road; and land connected with national highways, bypass roads or mass rapid transit projects. Other exclusions include stormwater drains, lakes and riverbeds; land beneath high-tension electricity lines; and acquired land affected by disputes or restrictions arising from interim court orders. Shivakumar, however, did not disclose the revenue BDA expects to generate from the scheme following the reduction in regularisation charges. Download the TOI App.