Land Area Conversion: What You Need to Know

0
75
EMI calculator

Land area measurement and how it works has changed with time. Today, land is measured in terms of units that are a part of the International metric system. This international metric system was created to create uniformity in land area measurement and avoid confusion. Here, we try and understand the concept of land area conversion as well as the importance of area conversion calculators. 

For the longest time, land was measured using local land measurement units. In fact, in many parts of the country, the use of these local units is quite frequent. However, in 1958, to bring uniformity to how land is measured in India, the Government of India adopted the International System of Units. The adoption of this system introduced us to units, such as Acre, Hectare and Metre, that have been used across the world for years now. Thus, when it comes to property transactions and loans against property, all paperwork mentions the actual dimension of a property in the form of units that are a part of the International System of Units. Thus, if you apply for a loan against property in India, in your loan application that you fill out and the loan offer letter that your lender creates, the area of land cannot be written in units, such as Ground, Katha, Bigha, Marla, etc. These units are still locally used in various parts of India. However, their use is not considered appropriate in formal paperwork. 

If you are planning to apply for a loan against property, also often referred to as property loans or mortgage loans, you must know the exact measurement of the property that you plan to pledge as collateral in units that are a part of the International System of Units. However, most people do not have this information at hand. Different units are used in different parts of India and remembering the conversion formula to convert these units into internationally-accepted units is not easy. This is where a land area conversion calculator comes in handy. 

What is a Land Area Conversion Calculator? 

A land area conversion calculator is an online tool that loan applicants can use to transfer the area of their land from a unit they understand and know to a unit that is a part of the International System of Units. A land area conversion calculator has all the different conversion formulas fed into it and thus, individuals can use the land area conversion calculator to transfer land area measurement from a unit in which they know the measurement of their land to a unit that is internationally accepted. Let us look at some of the benefits of area convertors and why should loan applicants make these handy tools a part of their loan application journey. 

Benefits of Area Convertors 

  1. In different parts of India, different land measurement units are used. Remembering conversion formulas for different units is a near-impossible task. A land area conversion calculator has all the formulas fit into it and thus, it completely eliminates the need to remember any of the conversion formulas. 
  2. While land measurement units can be converted from one to another manually, manual calculations are prone to errors. A land area conversion calculator eliminates the need for manual calculations and any type of errors.  
  3. Lastly, area conversion calculators are quick and accurate. They deliver results within a fraction of a second and help borrowers save time and energy. 
  4. By helping borrowers calculate the area of their land in units that are a part of the International System of Units, land area converters allow borrowers to get the right loan value against their property.
  5. Land area converters are quite easy to use. Anyone who knows how to use a smartphone or a laptop can use these calculators to convert land area from one unit to another. Further, one need not pay any fee to use these calculators. These calculators are readily available and are free to use. 

In short, if you are planning to avail yourself of a loan against property, make a land area conversion calculator a part of your loan application journey. Follow these simple steps to convert the area of your land from one unit to another. 

  1. From the drop-down menu, select the unit in which you know the area of your land. 
  2. Enter the area of land in these units. 
  3. Select the unit in which you wish to know the area of your land. 
  4. Click on calculate and the area conversion calculator will do the rest for you.

Leave a reply

More News