India, May 15 -- The Karnataka government rolled out a one-time settlement (OTS) scheme starting May 16 to regularise nearly 7 lakh b-Khata properties across the state, particularly in Bengaluru's urban and peri-urban areas. Eligible property owners can convert their properties to a-Khata status by paying 2% of the guidance value. This move is expected to provide legal clarity and ease long-standing issues related to property registration, bank loans, resale transactions and civic approvals faced by homeowners due to b-Khata classification.

Officials said the earlier 5% conversion fee based on the guidance value discouraged many property owners from opting for regularisation.

Deputy Chief Minister D K Shivakumar said the revised rate wo...