BBMP property tax can be paid either manually or online.
Online mode
Go to BBMP property tax portal
Enter earlier SAS Application Number or PID (both available on last receipt) and click on ‘Fetch’ which will display property owner details
Click on ‘proceed’ if details displayed are correct and no changes in the property and this will take you to form
If there are any changes in the property such as property usage, built up area or its occupancy, check the box provided on the page and then click on ‘proceed’ which will take you to form V
Ensure details pre-filled in the form displayed including tax computation are correct and / or modify relevant details in case of change and proceed to pay either fully or in installments and either via online or via challan
Choosing online payment option will take you to payment page where you can choose to pay either through net banking or credit / debit card and complete the payment. Once the payment is completed, a receipt number will be generated and it takes 24 hours for E-receipt to be available on the portal. Receipt can be printed/downloaded here:
If you face any problem while paying online and payment is incomplete, you can resume the payment using current SAS Application number here:
Further, for any problems faced while using online mode, you can contact BBMP either at contactus@bbmp@gmail.com or raise complaint here:
Manual mode
Fill all the applicable forms take them to either of the following and pay either by card or a Demand Draft:
Bangalore 1 centre
Assistant Revenue Officer offices
Following banks also have been authorised to collect the tax:
Canara Bank
Axis Bank
HDFC Bank
ICICI Bank
Link to bank branches of authorised bank can be accessed here
Also interesting to note that BBMP has tied up with the following banks for property tax payment
IDBI
Corporation Bank
Indian Overseas Bank
YES Bank
Kotak Mahindra
Indian Bank
SBI
Maharashtra Bank
Indusind Ban
If you have chosen challan payment while filling the form online, you can pay the tax at any of the above centres or banks.
Tax Benefits
Property tax paid can be deducted from Gross Annual Value (GAV) of the property while computing income under house property in the FY in which it is paid if the following conditions are satisfied:
GAV of the property is not NIL (self occupied house property)
BBMP property tax can be paid either manually or online.
Online mode
Go to BBMP property tax portal
Enter earlier SAS Application Number or PID (both available on last receipt) and click on ‘Fetch’ which will display property owner details
Click on ‘proceed’ if details displayed are correct and no changes in the property and this will take you to form
If there are any changes in the property such as property usage, built up area or its occupancy, check the box provided on the page and then click on ‘proceed’ which will take you to form V
Ensure details pre-filled in the form displayed including tax computation are correct and / or modify relevant details in case of change and proceed to pay either fully or in installments and either via online or via challan
Choosing online payment option will take you to payment page where you can choose to pay either through net banking or credit / debit card and complete the payment. Once the payment is completed, a receipt number will be generated and it takes 24 hours for E-receipt to be available on the portal. Receipt can be printed/downloaded here:
If you face any problem while paying online and payment is incomplete, you can resume the payment using current SAS Application number here:
Further, for any problems faced while using online mode, you can contact BBMP either at contactus@bbmp@gmail.com or raise complaint here:
Manual mode
Fill all the applicable forms take them to either of the following and pay either by card or a Demand Draft:
Bangalore 1 centre
Assistant Revenue Officer offices
Following banks also have been authorised to collect the tax:
Canara Bank
Axis Bank
HDFC Bank
ICICI Bank
Link to bank branches of authorised bank can be accessed here
Also interesting to note that BBMP has tied up with the following banks for property tax payment
IDBI
Corporation Bank
Indian Overseas Bank
YES Bank
Kotak Mahindra
Indian Bank
SBI
Maharashtra Bank
Indusind Ban
If you have chosen challan payment while filling the form online, you can pay the tax at any of the above centres or banks.
Tax Benefits
Property tax paid can be deducted from Gross Annual Value (GAV) of the property while computing income under house property in the FY in which it is paid if the following conditions are satisfied:
GAV of the property is not NIL (self occupied house property)
1. The auction purchaser should be a Citizen of India.
2. Address proof: Any one of the following documents attested by a Gazetted Officer / Notary /Embassy Office (in the case of NRIs) shall be uploaded:
a) Voter ID, b) Driving License, c) Passport, d) Unique ID number (Aadhar).
3. PAN Card is compulsory and its copy should be uploaded on the e-Auction portal [to beattested by a Gazetted Officer/Notary/Embassy Office (in the case of NRIs)).
attested by a Gazetted Officer/Notary/Embassy Office (in the case of NRIs)).
4. Signature & Photo Identity should be uploaded on the e-Auction portal [Attested by a Gazetted Officer /Notary/Embassy Office in the case of NRIS)]. Please download the prescribed format.
5. The auction purchaser shall mention correct eMail address, mobile number and landlinenumber while participating in the e-Auction.
number while participating in the e-Auction.
6. Minors / persons without computer knowledge are eligible to participate in the auction through their guardians or friends. While doing so, the name and related documents of only the person purchasing the property must be submitted/ uploaded on the e-Auction portal while participating in the e-Auction.
7. The auction purchaser who desire to have the sites jointly registered should upload the details of the persons concerned on the e-Portal. Only blood relations, viz., spouse, sons or unmarried daughters are eligible for joint registration along with the auction purchaser.
The relationship of such person should be clearly mentioned.
8. Partnership firm may participate in the auction. However, the partnership firm should have been registered in India before participating in the auction.
9. EMD amount is fixed at Rs.4.00 lakh (Rupees Four Lakh only) per site and this amountalong with the e-Auction fee should be remitted as mentioned on thee-Procurement portal. This amount should not be remitted to the BDA's account.
10. All legal proceedings in respect of the auction sites are subject to the jurisdiction of Courts in Bengaluru only.
along with the e-Auction fee should be remitted as mentioned on the e-Procurement portal. This amount should not be remitted to the BDA's account. EMD amount is fixed at Rs.4.00 lakh (Rupees Four Lakh only) per site and this amount
11. Five minutes of delta time shall be extended to the last moment bids in the e-Auction.
12. BDA reserves the right to withdraw the sites notified for auction at any time during auction period without assigning any reason,
13. BDA reserves the right to accept or reject the bid made by the successful bidder without assigning any reasons.
14. Advice letters will be sent by e-Mail to successful bidders (highest bidders) to remit 25% of the total cost after deducting EMD amount of Rs.4.00 lakh within 72 hours from the closing time of e-Auction to the below-mentioned BDA's Bank Account; and the challan for remittance should be submitted to the Accounts Officer, Finance Department ('D' Block, 2 Floor, Room No.308).
If the advice letter has not been received, the auction purchaser has to calculate 25% value and remit it as per the fixed time or receive the advice letter by visiting the head office of BDA and remit it as per the fixed time.
Bank Name:- Corporation Bank, BDA Branch, Kumara Park West, Bengaluru-560020.
Current Account Name:-Bangalore Development Authority, Bengaluru.
Current Account Number:- 5201410XX6XXXX
IFSC Code No.:- CORP00XXXX Mode of Payment:- RTGS/NEFT
15. Where 25% of the total cost is not remitted within 72 hours by the successful bidders (highest bidders) or where 25% of the total cost is remitted after the prescribed time, the EMD amount of Rs.4.00 lakh shall be forfeited by the Authority.
16. As per IT Act, 1961 Sec. 194 1A, where the sale consideration exceeds Rs.50.00 lakh, the auction purchaser should deduct 1% of the total amount payable and remit the same to the IT Department.
17. In case there is a difference in the dimension of the site (Less / More), the full amount (less TDS) as per the dimensions in the e-Auction notification / letter of confirmation of auction site has to be remitted within the prescribed time. If the remittance is not made within the prescribed time, action will be taken as per the Disposal of Corner Sites and Commercial Sites Rules, 1984 of BDA. In case there is a difference in actual dimensions of the site (less/more), the excess amount, if any, remitted by the auction purchaser due to lower dimensions shall be refunded by BDA without interest. Similarly, any incremental amount due to higher dimension of the site shall be remitted by the auction purchaser as advised by BDA.
18. Bidder / auction purchaser shall abide by the Disposal of Corner Sites and Commercial Sites Rules, 1984 of BDA(Document is attached as part of the e-Auction documents.).
19. For demonstration of live bidding & learning the process of bidding, visit BDA Head Office during office hours. Bidding by BDA on behalf of a bidder shall not be undertaken during the Demonstration
For e-bidding clarification, queries or any other information please contact (e-Procurement Help Desk) No. 080-23010900/23010901
Q&A
1. How do we bid? Is it online like eBay (login every day and increase bid till the auction end date) or by going to the location on a particular day (like they show in movies)?
==> It's entirely online.
2. I see there are 2 fees mentioned on the site: Rs. 100 as auction fees, Rs. 1 lakh as caution deposit (or something similar). If I don't win the auction, will I get the caution deposit? How will I get the money back? Are there are any terms here?
==> The caution deposit (EMD) can be paid online (credit/debit card) or offline (Bangalore One or at few Axis Bank branches). I did it online as it's very convenient. This should be done while submitting "Interest of Participation" for a particular site. You can choose to bid for more than one site (but make sure you don't end up as a highest bidder (unintentionally) for more than one site ) - in that case you need to pay the EMD separately for each site that you want to bid.
==> I think BDA has increased the EMD to 4 Lacs now.
==> All unsuccessful bidders will get their EMD back once the e-auction is complete. I got my EMD back via NEFT after a week.
3. I have read that 25% of the auction amount should be deposited within 72 hours of the auction closure. Should this be paid on BDA's e-procurement website or throgh cheque? Will BDA sign a sale agreement upon payment?
==> If you are the successful bidder, then you will have to pay 25% - EMD within 72 hours to the specified Account no. - this can be done either via RTGS/NEFT. I think you can also pay it via Demand draft (but I think they won't accept cheque).
==> no, there won't be any sale agreement. You need to visit BDA office and get the challan. You also need to produce one passport size photo at that time.
4. What about the rest 75% of the auction amount? By when should this be paid?
==> They will send you a letter via post which will contain the details like - the site no. you have bid, amount you have already paid, remaining amount yet to be paid and by when you need to pay that amount. Normally you will have 45 days "after receiving this letter". But note that the letter itself may come to you after 1 or 2 months after the bidding (you will need to keep enquiring the status every week by calling them). So, effectively you will have more than 2 months time to pay the remaining 75%.
5. What if I want to apply for a plot+construction loan? Will I have to arrange for the 25% amount by myself (within 3 days), and apply for the loan later? Will BDA give enough time for the loan processing?
==> You will have to arrange the 25% within 3 days from your own source. Later you can apply for plot loan (may be plot+construction loan as well) - in fact, the bank (HDFC/Axis) agents only will start calling you - so, getting a loan won't be difficult.
You can go through this document for the e-auction procedure -->
Bengaluru Development Authority |
Town Planning Member; Fees, Tax and Fines; Budget; Flats/Layout; Notification; Tender; E- Auction; Important Links; Act and Rules
http://bdabangalore.org/eng/
Plots for sale in Bangalore through BDA e-auction. Bid & Buy! - ReLakhs.com
Own a site hassle-free by participating in BDA's e-auction. How to participate in BDA online auction? Know the entire bidding
