A Comprehensive Guide on 7/12 Extract in India | Bajaj Finance

Explore the significance of the 7/12 extract in property ownership in India, especially in Maharashtra.
Home Loan
2 min
23 April 2024

In the realm of property ownership and documentation in India, the 7/12 Utara holds significant importance, particularly in rural and semi-urban areas. This extract, also known as the 7/12 extract, serves as a vital record of land ownership and cultivation details. Understanding its nuances is crucial for anyone dealing with property transactions or seeking clarity on land titles.

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What is 7/12 extract and its importance?

The 7/12 extract is a land record maintained by the revenue department in Maharashtra, India. It primarily serves as a record of rights for agricultural land. This document contains crucial details such as land survey numbers, names of the current landholder(s), type of cultivation, crop details, and other related information. Essentially, it provides legal proof of ownership and rights associated with agricultural properties.

Importance of 7/12 extract

The 7/12 extract is crucial due to:

  1. Ownership verification: Confirms land ownership details.
  2. Legal proof: Provides evidence of land rights and cultivation.
  3. Transaction Facilitation: Essential for property buying, selling, or mortgaging.
  4. Dispute resolution: Helps in settling land-related disputes.
  5. Transparency: ensures transparency in land records for stakeholders.

Details mentioned in the 7/12 extract

Key information found in the 7/12 extract includes:

  1. Landholder details: Names of the landholders or owners.
  2. Survey number: A unique number assigned to each surveyed piece of land.
  3. Land usage: Details regarding the type of cultivation or land use (e.g., agriculture, non-agriculture).
  4. Crop details: Information about crops grown on the land.
  5. Rights and encumbrances: Any existing rights, encumbrances, or mortgages on the land.

How do I get 7/12 extract online?

To obtain the 7/12 extract online, follow these steps:

  1. Visit the Maharashtra Land Records website (Mahabhulekh).
  2. Select the district, taluka, and village where the land is located.
  3. Enter either the survey number or the landholder's name.
  4. View and download the 7/12 extract digitally from the website.

How do I obtain the 7/12 extract offline?

To obtain the 7/12 extract offline, take these steps:

  1. Visit the local Tehsildar's office or Revenue Department in your area.
  2. Provide details such as the survey number or the landholder's name.
  3. Fill out the required application form provided by the office.
  4. Pay the applicable fees for obtaining the extract.
  5. Receive a physical copy of the 7/12 extract from the respective office after verification.

How do I update the 7/12 extract?

To update the 7/12 extract, follow these procedures:

  1. Prepare the necessary documents, such as a sale deed or inheritance documents supporting the update.
  2. Visit the local Tehsildar's office or Revenue Department where the land is registered.
  3. Submit the documents along with a formal application requesting the update.
  4. Pay the required fees for the update process.
  5. Await verification and approval from the authorities.
  6. Once approved, receive the updated 7/12 extract from the office.

Exploring financing solutions with Bajaj Finance

Having delved into the details of the 7/12 extract, let's turn our attention to financial solutions. If you own a residential or commercial property, Bajaj Finserv Loan Against Property allows you to tap into your property's value. Whether it's business growth, educational funding, or other financial goals, our loan provides generous amounts at competitive rates. Benefit from long repayment tenures and quick approvals for easy fund access.

On the other hand, if home buying is on your mind, Bajaj Housing Finance Home Loan is the perfect choice. Offering attractive interest rates, adaptable repayment terms, straightforward eligibility criteria, and prompt approvals, our home loans simplify the path to homeownership. Enjoy a seamless home buying experience with minimal documentation and dedicated customer assistance. Opt for Bajaj Housing Finance for a hassle-free journey towards your dream home.

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Frequently asked questions

What does 7/12 extract mean?
The 7/12 extract is a land record that provides details of land ownership and cultivation in Maharashtra, India.
Why is 7/12 extract important?
The 7/12 extract is important as it serves as legal proof of land ownership, verifies land rights, facilitates property transactions, resolves disputes, and ensures transparency in land records.
Who issues the 7/12 extract?
The 7/12 extract is issued by the revenue department in Maharashtra, India.
What is the meaning of 7/12 Utara?
The term "7/12 Utara" is the Marathi name for the 7/12 extract, representing its significance in land documentation in Maharashtra.
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