Could you briefly explain me about the difference between the Khata Certificate and Khata Extract and the importance of Encumbrance Certificate?
- by K.S. Sheela Prasad, Gangenahalli
Katha Certificate is a certificate issued by the Municipal Office confirming that the Katha (account) of a particular property stands in the name of particular person/s as per their records. Katha Extract is the extract from the Tax Assessment register maintened at Municipal Office giving complete details of the property like area of the site, building, property tax, levies, cess and total tax payable, the name of the previous owner, and present owner, and present owner.
Encumbrance certificate is one of the documents which would throw some light on the valid and marketable title of the vendor. Encumbrance certificates are issued by sub-registrar offices for a specific period as required by the applicant. They contain details of the property like survey no, house no, boundaries, and encumbrances like sale, gift, mortgage etc., if any created over the property under a written document which is registered at the concerned Sub-registrar’s office. However, the Encumbrance Certificartes do not reflect the charges/encumbarances created which are not registered.