Understanding 7/12 Extract for Land Information
Investing in land or property is an excellent way to secure your financial future. However, for your investment to be successful, you need to have a clear understanding of the property you are buying. One of the critical documents that property buyers should be aware of is the ‘7/12 extract.’ This article will explain everything you need to know about the 7/12 extract and how to understand it.
What is 7/12 Extract?
In India, land records are maintained by the government. The 7/12 extract is an extract or record of land that provides information on the owner of the land, type of land, the area of the land, water sources, crops grown on the land, and tenancy details. The 7/12 extract gets its name from the figure ‘7/12’ that represents the page number in the land records. It is also known as a ‘Satbara Utara’ in some states.
Importance of 7/12 Extract
The 7/12 extract is essential for anyone who wants to buy or sell land. It provides all the necessary information about the property, including the history of ownership, land use, and crops grown. It also helps to verify the authenticity of the seller and prevent any fraudulent activities surrounding the land deal.
How to Read the 7/12 Extract?
The 7/12 extract consists of several columns that contain information about the land. The first column provides details of the land survey number, the name of the village, and the taluka or district. The second column contains the name of the landowner and other details such as the gender, age, and occupation of the owner. The third column contains information about the type of land, such as whether it is irrigated or non-irrigated. The fourth and fifth columns provide details on the area and boundaries of the land.
Understanding the Codes in the 7/12 Extract
The 7/12 extract uses specific codes to represent different types of land. Here are some of the most common codes:
- M – Mulgeni: Land that is owned by an individual.
- N – Non-Agricultural: Land that is not meant for farming.
- G – Gairan: Land that belongs to the government.
- R – Riaya: Land that is cultivated by tenants.
Common Mistakes to Avoid During Property Purchase
When purchasing property, it’s crucial to avoid common mistakes that can lead to financial losses. One of the most significant mistakes is not verifying the authenticity of the property documents, including the 7/12 extract. It’s also vital to check the zoning and land use regulations to ensure that the property can be used for the intended purpose.
Conclusion
The 7/12 extract is an essential document that provides crucial information about land or property. Understanding how to read and interpret it can help property buyers make informed decisions and avoid financial losses. Always verify the authenticity of the 7/12 extract before investing in property.
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