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The Karnataka government has proposed amendments to the BBMP Act, reducing the completion certificate fee for property owners in Bengaluru from up to 1% of a site's guidance value to just 0.1%. The move aims to provide financial relief and streamline approvals. Additionally, penalties for residential properties will be capped at two-thirds of BBMP fees to prevent excessive financial burdens. Alongside this, three key bills have been introduced: the Registration (Karnataka Amendment) Bill, which mandates registration for property-related power of attorney documents; the Karnataka Stamp (Amendment) Bill, which legalizes e-stamping and digital transactions; and the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Bill, extending property tax provisions to unauthorized settlements and strengthening accountability for officials.
The Karnataka government has introduced an amendment to the Bruhat Bengaluru Mahanagara Palike (BBMP) Act, proposing a significant reduction in the completion certificate fee for property owners in Bengaluru. The bill aims to decrease the fee from up to 1% of a vacant site's guidance value to just 0.1%, providing substantial financial relief to property owners and streamlining the approval process.
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Additionally, the amendment introduces a cap on penalties for residential properties, limiting them to two-thirds of the fees levied by the BBMP. This measure seeks to clarify penalty structures and prevent excessive financial burdens on homeowners. If implemented, these changes are expected to simplify regulatory approvals and reduce costs for property owners across Bengaluru.
The state government also introduced three key amendment bills in the assembly:
These legislative changes reflect the government's commitment to modernizing property-related processes, enhancing transparency, and reducing bureaucratic hurdles for citizens.
In comparison, other Indian cities have also undertaken reforms to simplify property-related procedures. For instance, Mumbai introduced the online issuance of Occupancy Certificates (OC) and Completion Certificates (CC) to expedite approvals and enhance transparency. The Brihanmumbai Municipal Corporation (BMC) implemented an online system where builders and developers can apply for OCs and CCs, reducing manual intervention and processing time.
Similarly, the Delhi Development Authority (DDA) launched an online portal for completion certificates, allowing applicants to track the status of their applications in real-time. This initiative aimed to reduce delays and curb corrupt practices by minimizing direct interactions between applicants and officials.
These examples highlight a nationwide trend towards leveraging technology to improve governance, enhance efficiency, and provide citizen-centric services in the real estate sector.
The proposed amendments in Karnataka, particularly the reduction in completion certificate fees and the push for digital transactions, align with these broader efforts to modernize property administration and make processes more accessible to the public.
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