Land measurement units in India play a crucial role in property transactions, taxation, land valuation, agriculture, urban and rural planning, and legal compliance. They are used to determine the size and value of land, allocate land for different purposes, resolve boundary disputes, and maintain accurate land records. They are also useful when you are planning to avail of Loan Against Property. One such conversion used is Bigha to Acre. Read on to understand the Bigha to Acre conversion, the conversion process, and it comes handy while opting for a Loan Against Property.
Convert Bigha to Acre
Bigha and Acre are units used for measuring land area, but they have different values based on the location. The conversion factor from Bigha to Acre varies from region to region. To perform this conversion, you need to know the local conversion factor in your area.
What is Bigha?
A ‘Bigha’ is a traditional unit of land measurement primarily used in India. The value of a Bigha is not standardised across India and can vary significantly from state to state and even within different regions of the same state.
For instance, in states like Bihar and Uttar Pradesh, Bigha is often referred to as ‘Biswa Bigha’ or ‘Kachcha Bigha’ and is approximately equivalent to 13,450 square feet or 1,488.89 square yards (Gaj). In contrast, in states like Punjab and Haryana, one Bigha consists of 20 Bishwa and is equivalent to approximately 9,000 square feet.
The specific measurement of a Bigha can change from one region to another, making it crucial to understand the local standards when dealing with land transactions or property-related matters. Due to these variations, Bigha is considered a non-standardised unit of land measurement in India.
What is an Acre?
An ‘Acre’ is a widely accepted unit of land measurement in various countries, including the United States and the United Kingdom. In India, the term ‘Acre’ is also used as a unit of land measurement. The value of an Acre in India is typically consistent with the international standard, where 1 Acre is equal to 4,046.86 square metres.
Steps to convert Bigha to Acre
To convert Bigha to Acre, follow the below steps:
- Determine the local conversion factor: Find out the local Bigha to Acre conversion factor in your region. The conversion factor may differ from state to state or even within different areas of the same state.
- Multiply Bighas by the conversion factor: Once you have the conversion factor, multiply the number of Bighas by this factor to obtain the equivalent in Acres.
For example, if the local conversion factor is 0.4, and you have 5 Bighas of land, the calculation would be: 5 Bighas × 0.4 = 2 Acres.
Bigha to Acre conversion for Loan Against Property
The conversion from Bigha to Acre is relevant in various situations, including Loan Against Property. In a Loan Against Property, the property valuation is a critical factor in determining the loan amount. Accurate valuation depends on knowing the land area in terms of the unit preferred by the lender, which may be in Acres.
Here's how Bigha to Acre conversion is useful in Loan Against Property:
- Property valuation: In Loan Against Property, your property's value is assessed to determine the loan amount you can obtain. Lenders often use the Acre as their preferred unit for land measurement. Accurate Bigha to Acre conversion ensures your property's value is assessed correctly.
- Land assessment: Lenders evaluate the land's value when assessing your property. If the lender uses Acre as the unit for valuation, knowing the conversion ensures that the assessment is done accurately.
- Documentation: When applying for Loan Against Property, you will need to provide property-related documents. These documents may include land records with measurements, which could be in Bigha. Converting these measurements into Acres simplifies the documentation process and aligns it with the lender's preference.
- Cross-regional transactions: If your property is located in an area where Bigha is the standard measurement unit, but the lender operates in an area where Acre is commonly used, conversions are essential for facilitating transactions across regions.
