Bengaluru: Deputy Chief Minister DK Shivakumar on Wednesday launched a new scheme that allows ‘B’ khata properties in Bengaluru to obtain an ‘A’ khata by paying 5% of the property’s guidance value.

The move is expected to benefit over 7.5 lakh properties and generate substantial revenue for the government.

While the Bengaluru Development Minister described the scheme — a long-awaited one — as “a Deepavali gift”, the conversion costs could be significant for property owners.

For instance, an individual owning a 30x40 sqft plot — where the guidance value is Rs 7,000 per sqft — will have to pay Rs 4.2 lakh to obtain an ‘A’ khata.

For now, the scheme applies to vacant plots and plots with a single-unit building (single ownership). It does not benefit individual flat owners who hold a ‘B’ k

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