Whether you are planning to buy a property or take a loan against one you already own, it is crucial that you know the exact area of the land or flat you are investing in. This will help you pay or get the right value for your property. However, many times, sellers and lenders calculate the area in terms of units that we do not understand.
Most borrowers only understand units that are a part of the imperial or metric system. However, in different regional parts of the country, different land measurement units are used. Some of these units are units that have been used locally for centuries now but are not a part of any standard area measurement unit systems. This makes calculating the area of a property while buying or selling it a little difficult at times. This is where an area conversion calculator comes handy.
An area conversion calculator is a simple online tool available easily these days. Using this online area converter tool, borrowers can convert one unit of area measurement to another. If you are wondering why you should use an area conversion calculator, read on.
Benefits of Using an Area Conversion Calculator
Land area converter comes with several benefits. Here are 5 benefits of an online area converter:
1. Using an Area Conversion Calculator, You Can Convert All Kinds of Units
As mentioned before, different land measurement units are used in different parts of India. For instance, most people use units, such as Bigha and Kattha, in Northern India to measure land, the use of area measurement units, such as Guntha and Ground, is common in Southern India. These units are not a part of the metric or imperial system of area measurement and therefore, most people are not aware of how to convert any of these units into units that they understand, such as square metre or square yard.
Further, remembering the conversion formula for converting various units used in various parts of India into units recognized by common people is nearly impossible. An area conversion calculator is an online tool that also contains information on all units and has the formula to convert all units into desired units. Thus, while facilitating any property transaction, you can simply use an area conversion calculator to convert property area from the unit in which it has been quoted to you into a unit you understand.
2. It Removes the Need for Manual Calculations
These days, all the information you may need is available on the internet. Thus, if you have been told the area of a property in terms of units you do not understand, you can simply search the internet for the formula to convert this unit into a unit you prefer. However, manual calculations are not only time consuming, they are also often prone to errors and when it comes to property deals, even a small mistake can prove to be quite costly. This is another reason why users should use an area conversion calculator - it saves you from errors that often creep into manual calculations.
3. It is Quick, Easy and Free to Use
Lastly, you should use an area conversion calculator because it's quick and will help you save a lot of time. Further, the area conversion calculator is also free - you don't have to pay any fees to use it. Simply go to a website that hosts this tool and use it for free. Lastly, this tool is also quite easy to use - anyone who knows how to navigate through the internet can use it. All it requires you to do is enter some basic information and it does the rest. Further, whatever information you feed into the calculator will remain safe and never be disclosed. So, security is also not an issue.
4. It Helps You Change Different Units of Area Measurement
You can use a special tool called an area conversion calculator to change different units of area measurement. It doesn't matter if the units are in metric or imperial systems, the calculator can handle both.
5. It Keeps Track of the Values of Different Units
The calculator does the math for you and keeps track of the values of different units, so you don't have to do it yourself or remember them. It makes things easier for you.
Whether you are planning to buy a property or take a loan against one you already own, it is crucial that you know the exact area of the land or flat you are investing in.
Frequently Ask Questions
The SI unit of area is square meter, which is considered as the derived unit. There are different units of area. Square kilometer is the largest unit of area.
Different equipment are used to measure land area. A surveying rod, tripod, levels, GPS, electronic distance measurer, and laser detector are some of the equipment used.
There are different methods used to measure property. Some of them are Gross Building Area (GBA), Gross Living Area (GLA), and the American National Standard Institute (ANSI).
DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.
Content with tag .
Trending Articles
loan+against+property Loan Against Property
[N][T][T][N][T]
What Are the Eligibility Criteria for Obtaining a Loan Against Property?2023-03-28 | 4 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Top Benefits of a Loan Against Property Over Collateral-Free Loans2024-01-09 | 4 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding the Fees and Charges on Your Loan Against Property2024-02-16 | 8 min
loan+against+property Loan Against Property
[N][T][T][N][T]
3 Different Loan Against Property Types You Should Know About2024-02-13 | 5 Min
loan+against+property Loan Against Property
[N][T][T][N][T]
Things to Do If Your Loan Against Property Application Gets Rejected2023-02-14 | 5 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Pay-off Your Debt with Bajaj Housing Finance Loan Against Property2024-02-14 | 5 min
loan+against+property Loan Against Property
[N][T][T][N][T]
A Guide to Loan Against Property for Doctors2022-06-27 | 5 Min
loan+against+property Loan Against Property
[N][T][T][N][T]
Loan Against Property for Doctors: Interest Rates and Charges2023-11-24 | 6 Min
loan+against+property Loan Against Property
[N][T][T][N][T]
Why Loan Against Property Can be a Good Credit Option for a Startup Business?2023-12-22 | 5 Min
loan+against+property Loan Against Property
[N][T][T][N][T]
Short vs. Long Loan Against Property Tenor - Which Is Better?2024-05-07 | 4 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding the Fees and Charges on Your Loan Against Property2024-04-10 | 6 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Easy Ways to Pick the Right Loan Against Property Tenor2024-05-14 | 3 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Top 5 Issues Regarding Loan Against Property Application Rejection that You Might Face2023-02-14 | 5 min
loan+against+property Loan Against Property
[N][T][T][N][T]
What Is the Difference Between Gold Loan and Loan Against Property?2023-03-02 | 6 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Why Professional Loans Against Property Are Financially Beneficial?2023-03-03 | 5 min
loan+against+property Loan Against Property
[N][T][T][N][T]
5 Important Reasons to Opt for a Loan Against Property to Start Your Own Business2023-02-10 | 2 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Personal Loan vs Loan Against Property: Which is Better?2023-10-23 | 2 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Step-by-Step Process How to Apply for a Loan Against Property2023-09-29 | 4 Min
loan+against+property Loan Against Property
[N][T][T][N][T]
Everything You Wanted to Know About Loan Against Property2023-12-16 | 5 Min
loan+against+property Loan Against Property
[N][T][T][N][T]
6 Reasons Why Collateral Matters When Applying for a Loan Against Property2023-02-27 | 5 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Common Mistakes You Must Avoid Making When Applying for a Loan Against Property2023-02-09 | 5 min
loan+against+property Loan Against Property
[N][T][T][N][T]
Top Benefits of Loan Against Property Over Collateral-free Loans