In India, land area conversion table shows a discrepancy from one state to another. Across the country, different terms are used to symbolise a land property according to the state. Individual buying property will need to compute land value before purchase. Hence, an Indian resident must possess some knowledge about land measurement units and the way of converting it.
Conversion units for the land area convertor
A land area converter is involved in calculating the following units. They are as follows:
- Square feet
An area of square measuring one foot on each side is equal to one square feet or sq. feet. It is the most common measurement unit of the following countries apart from India. They are the USA, U.K., Pakistan, Bangladesh, Nepal, Hong Kong, Canada, Singapore, Malaysia and Ghana.
- Square metre
A square metre or sq. metre is quite similar to square feet. But the sides measured here are equal to one meter each. The S.I. unit for length is one metre, which is equal to 3.28084 feet.
- Square yards
At present, square metre is the new replacement of square yards. But this measurement unit is still prevalent in some countries like India, the U.K., USA and Canada. A square yard or sq. yd. is a square area that measures 1 yard or 3 feet.
- Hectare
Hectare or ha is a non-SI unit that denotes a square area with sides that measures 100 metres. Mainly the European countries applies hectare for the measurements of agricultural lands, forests etc.
- Bigha
Bigha was formerly used to measure land. The size of bigha varies from place to place across India. It ranges from 1500 to 6771 sq. metres. Biswa and Katha are the sub-units of bigha.
Also Read: All You Need to Know About A Square Meter to Acre Conversion
What is land area measurement calculator?
The land area measurement calculator or area conversion table converts one particular unit into another. In India, many land measurement units are available, including Bigha, Biswa, Katha, Dhur, Chatak, Lecha, Killa, Decimal, etc. As a result, the involvement of an area measurement calculator makes it much easier for not only computing these units but also converting them into other common units like square metres, square feet and square yards.
In these days, plenty of lenders offer loan against property of land to the individuals owning a piece of land and desiring to use it as collateral for obtaining a loan. Amount of loan available depends on the land’s value, which borrowers can calculate using an area conversion table. A loan against property can be used to construct homes, develop commercial projects on the pledged plot of land, and even for personal use.
Documents required for applying for a loan against land property
Individuals have to check the list of documents needed to apply for a loan against property. The various documents that need to be submitted include:
- Voter ID, Passport, Aadhaar card, PAN card, Driving License
- Current salary slip
- Bank account statements
- Income tax returns
- Documents of the property to be mortgaged
Things to keep in mind before applying for a loan against property
Here are some things to consider before applying for a loan against property:
- Determine the property value
- Check the eligibility criteria
- Compare lenders and interest rates
- Take an estimation of loan amount
- Stay away from fraudulent lenders
Benefits of using the land area conversion table
There are several benefits of using the land area measurement calculator. They are:
- An area unit converter is applicable for converting the value of land area to various units of land measurement as per the user’s choice. This measurement converter becomes highly favourable while buying a property of land in various sections of India.
- Since the measurement units change from place to place across the country, the task of land area calculation becomes much more hectic if it is carried on manually. For example, ‘Guntha’ is the measurement unit of states like Maharashtra, Karnataka, Andhra Pradesh, etc. Similarly, Pucca is another unit applicable to the states of Uttar Pradesh, Punjab, Haryana, Bihar etc.
Reputed financial institutions provide pre-approved offers that quicken a lending process and make it efficient. These offers are given on various financial products like home loans, loan against property and more. Applicants can check their pre-approved offer by entering details like their names and contact numbers.