Real Estate Glossary
Confused by the jargon? Browse our comprehensive guide to real estate, legal, and local terminology to buy with confidence.
# Khata
An account or document issued by the local municipality to a property owner for the assessment of property tax.
# A Khata
A valid Khata indicating the property has all necessary legal approvals and complies with building bylaws.
# B Khata
A temporary register for properties that are unauthorized or lack proper approvals, allowing the municipality to collect tax without granting full legal status.
# RTC (Pahani)
Record of Rights, Tenancy, and Crops. A crucial land record in Karnataka containing details of land ownership, area, and crop history.
# Encumbrance Certificate (EC)
A legal document that provides evidence that the property in question is free from any monetary or legal liabilities (like a mortgage or pending loan).
# Carpet Area
The actual usable area within the walls of a house or apartment where one can lay a carpet.
# Super Built-Up Area
The built-up area of a property plus a proportionate share of common areas such as lobbies, staircases, and elevators.
# FSI (Floor Space Index)
The ratio of the total built-up area of a building to the total area of the plot on which it stands.
# NA Land
Non-Agricultural Land. Land that has been legally converted from agricultural use to residential, commercial, or industrial use.
# Stamp Duty
A tax levied by the state government on the legal recognition of documents related to the transfer of property ownership.
# Mutation
The process of updating or changing the title ownership details in local municipal revenue records.
# Guidance Value
The minimum value of a property set by the state government below which a property cannot be registered.
This glossary is for informational purposes only. Always consult with a legal professional before signing property documents.