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Guide

Understanding Guntha and its Conversion to Square Feet

Are you planning to buy a piece of land in India? If so, you may have encountered the term "guntha" in your search. Guntha is a unit of measurement commonly used in India to measure land. However, if you are not familiar with this unit, it can be confusing to understand the size of the land you are looking to purchase. In this blog, we will explain what a guntha is and how to convert it to square feet using a land calculator. What is a Guntha? A guntha is a unit of measurement used in India to measure land. It is primarily used in the states of Maharashtra, Karnataka, and Gujarat. One guntha is equal to 1,089 square feet. This unit is commonly used in rural areas and is often used to measure agricultural land. However, it can also be used to measure residential and commercial land. Guntha to Square Feet Conversion Guntha to Square Feet Conversion by Nathan Dumlao. If you are not familiar with the guntha unit, it can be challenging to understand the size of the land you are looking to purchase. To make things easier, you can use a land calculator to convert guntha to square feet. A land calculator is a simple tool that allows you to convert different units of land measurement. To convert guntha to square feet, follow these steps: Multiply the number of gunthas by 1,089. The resulting number is the equivalent in square feet. For example, if you have 5 gunthas of land, the conversion would be: 5 x 1,089 = 5,445 square feet Why Use a Land Calculator? Using a land calculator can save you time and effort in converting different units of land measurement. It is also a more accurate way to convert units, as manual calculations can lead to errors. Additionally, a land calculator can convert various units, making it easier to compare different land sizes. Other Common Land Measurement Units in India: Apart from guntha, there are other units of land measurement commonly used in India. These include: · Bigha: This unit is used in the states of Uttar Pradesh, Haryana, and Punjab. One bigha is equal to 27,225 square feet. · Acre: This unit is used in most parts of India and is equal to 43,560 square feet. · Hectare: This unit is used in the metric system and is equal to 10,000 square meters or 2.47 acres. Conclusion In conclusion, a guntha is a unit of land measurement commonly used in India. It is equal to 1,089 square feet and is primarily used in rural areas to measure agricultural land. To convert guntha to square feet, you can use a land calculator, which is a simple and accurate tool. It is also essential to be familiar with other common land measurement units in India to make informed decisions when purchasing land or while applying for a loan against property.

27-05-2024

Bigha to Hectare Conversion

If you're a farmer or a landowner, you may have encountered the term "bigha" when discussing land measurements. But if you are unfamiliar with the metric system, you may wonder how to convert bighas to hectares. In this article, we'll explore the conversion from bigha to hectare and provide a comprehensive guide to help you understand and calculate this conversion. What is a Bigha? The bigha is a traditional unit of measurement used in South Asia, particularly in India, Nepal, and Bangladesh. It is commonly used to measure land area, and its size varies depending on the region. In India, a bigha typically equals 1,600 square yards or 0.1338 hectares. In Nepal, a bigha equals 6,772 square meters or 0.06772 hectares. In Bangladesh, a bigha equals 0.3306 acres or 0.1338 hectares. What is a Hectare? A hectare is a unit of measurement used in the metric system to measure land area. It is equal to 10,000 square meters or 2.471 acres. The word "hectare" comes from the Greek word "hecto," meaning hundred, and the Latin word "area," meaning a field. Why Convert Bigha to Hectare? As the world becomes more globalized, it is essential to understand and use the metric system for accurate and consistent measurements. Converting bighas to hectares is necessary when dealing with international land transactions or communicating with individuals or organizations using the metric system. Additionally, converting bighas to hectares can help you compare land sizes more easily. For example, if you're looking to purchase land in India but are more familiar with hectares, converting the bigha measurement to hectares can help you better understand the land's size. Bigha to Hectare Conversion Formula To convert bighas to hectares, you can use the following formula: 1 bigha = 0.1338 hectares This formula is based on the standard bigha measurement used in India. You may need to use a different conversion factor if you're converting from a different region. For example, if you're converting from Nepal, you would use the following formula: 1 bigha = 0.06772 hectares How to Convert Bigha to Hectare Converting bighas to hectares is a simple process that involves multiplying the number of bighas by the conversion factor. Let's look at an example: If you have 5 bighas of land in India, you would multiply 5 by 0.1338 to get the equivalent in hectares. 5 bighas x 0.1338 hectares = 0.669 hectares Therefore, 5 bighas is equal to 0.669 hectares. Converting Acre to Hectare If you're more familiar with the imperial system, you may wonder how to convert acres to hectares. The formula for converting acres to hectares is: 1 acre = 0.4047 hectares To convert from acres to hectares, multiply the number of acres by 0.4047. For example, if you have 10 acres of land, multiply 10 by 0.4047 to get the equivalent in hectares. 10 acres x 0.4047 hectares = 4.047 hectares Therefore, 10 acres is equal to 4.047 hectares. Real-World Examples of Bigha to Hectare Conversion Let's look at some real-world examples of bigha-to-hectare conversion to understand better how this conversion is used. Example 1: Land Purchase in India You're looking to purchase 2 bighas of land in India, but you're more familiar with hectares. To determine the land's size in hectares, you would use the following calculation: 2 bighas x 0.1338 hectares = 0.2676 hectares Therefore, 2 bighas is equal to 0.2676 hectares. Example 2: Land Sale in Nepal You're selling 3 bighas of land in Nepal, and the buyer wants to know the size in hectares. To convert the land size to hectares, you would use the following calculation: 3 bighas x 0.06772 hectares = 0.20316 hectares Therefore, 3 bighas is equal to 0.20316 hectares. Example 3: International Land Transaction You're purchasing 10 bighas of land in India, but the seller wants to know the size in hectares. To convert the land size to hectares, you would use the following calculation: 10 bighas x 0.1338 hectares = 1.338 hectares Therefore, 10 bighas is equal to 1.338 hectares. Conclusion Converting bighas to hectares is a simple process that involves multiplying the number of bighas by the conversion factor. It is essential to understand this conversion to communicate effectively with individuals or organisations using the metric system and accurately compare land sizes. Remember, the conversion factor may vary depending on the region, so using the correct factor is essential for accurate results. With this comprehensive guide, you can easily convert bighas to hectares and confidently navigate land transactions and discussions involving land measurements. Adequately equipped with the response for your next loan against property application.

24-05-2024

How to Convert Square Feet to Acre

Many types of units can be used to measure land. One of the most common is square feet, which is used to measure smaller plots of land. However, acres are often used when dealing with larger areas. If you need to convert square feet to acres, here are some simple steps. Understanding the Conversion Before we proceed, it's important to understand the conversion between square feet and acres. One acre is equal to 43,560 square feet. To convert square feet to acres, you need to divide the square feet by 43,560. Keep this in mind as you follow the steps below. Step 1: Determine the Number of Square Feet The first step is determining the number of square feet you need to convert, which can be achieved by measuring the length and width of the land in feet and multiplying the two numbers together. For example, if the length is 100 feet and the width is 50 feet, the total square feet would be 5,000. Step 2: Divide by 43,560 Next, take the total number of square feet and divide it by 43,560. In our example, 5,000 divided by 43,560 would give us 0.1148 acres. This is the equivalent of 5,000 square feet. Step 3: Round the Number In most cases, the number you get after dividing by 43,560 will have several decimal places. To make it easier to work with, round the number to the nearest hundredth. In our example, 0.1148 would become 0.11 acres. Step 4: Convert Back to Square Feet (Optional) If you need to convert the number back to square feet, multiply the number of acres by 43,560. In our example, 0.11 acres multiplied by 43,560 would give us 4,791.6 square feet. Other Conversion Methods If you want to do something other than the math yourself, various online conversion calculators can do the work. Input the number of square feet; the calculator will give you the equivalent in acres. You can also use conversion charts or tables to find the conversion quickly. Tips for Accurate Measurements When measuring land, it's important to be as accurate as possible to ensure the conversion is correct. Here are some tips to help you get accurate measurements: You can start by measuring the length and width of the land using a measuring tape or ruler. Make sure to measure in feet, not inches or yards. If the land is not a perfect square or rectangle, break it down into smaller sections and measure each separately. Double-check your calculations to ensure accuracy. Conclusion Converting square feet to acres may seem daunting at first, but by following these steps, you can make the conversion. Remember to double-check your calculations and use accurate measurements for the best results. With this information, you can confidently convert between square feet and acres for any land measurement needs. You will also be equipped with the right answer for your next loan application against the property.

24-05-2024

Square Meter to Acre Convert (m² and ac)

When it comes to land measurement, two main systems are used: the metric system and the imperial system. The metric system, the International System of Units (SI), is used in most countries worldwide. In contrast, the imperial system is used mainly in the United States and a few other countries. As a result, it is common for people to need to convert between the two systems, especially when it comes to land measurement. Let's learn about converting square meters to acres and provide a helpful tool. Understanding the Conversion Before we dive into the conversion process, it is important to understand the difference between square meters and acres. A square meter (m²) is a unit of area in the metric system, equal to the area of a square with sides of one meter. On the other hand, an acre (ac) is a unit of area in the imperial system, equivalent to 43,560 square feet or about 4,047 square meters. This means that one acre is significantly larger than one square meter. Conversion Formula To convert square meters to acres, check the below formula: To use this formula, multiply the number of square meters by 0.00024711. If you have 500 square meters, the conversion would be 500 x 0.00024711 = 0.123555 acres. Square Meter to Acre Converter We have created a square meter to-acre converter tool to simplify the conversion process. Enter the number of square meters you wish to convert, and the tool will auto-calculate the equivalent in acres. This tool is perfect for quick and accurate conversions, saving time and effort. Benefits of Using a Converter Using a converter tool has several benefits, including: Accuracy: A converter tool eliminates the risk of human error in calculations, ensuring accurate results every time. Time-saving: Converting manually can be time-consuming, especially when dealing with large numbers. A converter tool can do the job in seconds. Convenience: A converter tool makes it easy to convert between different units without memorizing formulas or performing manual calculations. Acre Calculator If you need to calculate the area of an acre, we also have an acre calculator tool. Enter the length and width of the area in feet, and the tool will calculate the area in acres. This tool is perfect for measuring land for farming, construction, or other purposes. Conclusion Converting between square meters and acres is a common task, and with the help of our converter and calculator tools, it can be done quickly and accurately. Whether working with metric or imperial units, these tools will make your life easier. You are equipped with the correct response for your next loan against property application.

24-05-2024

Other

Here are some tips to help you avoid OTP fraud

One of the biggest threats to the fintech industry is OTP fraud. The term itself might be new, but the problems it causes have been around for quite some time. Online transactions are a huge boon for the financial services industry. There’s a growing number of fintech startups that are thriving because of this growing trend. But there is one type of fraud that these companies face more than ever—OTP fraud. In this article, you will learn about OTP fraud, how it happens, and how to avoid falling victim to it. Read on to learn more. [B-01] What is OTP fraud, and how does it happen? The first step in avoiding OTP fraud is knowing what it is. OTP fraud occurs when a person uses an OTP or a one-time password for an OTP-enabled application to get access to another individual’s bank account. OTP fraud can happen in many forms, such as text message phishing, fake emails, and phone call spoofing, in which the person fakes a trusted party to get access to their account. OTP fraudsters may use an existing relationship or personal connection with their targets, such as a family member or friend. To be successful, the imposter must convince the victim to click on a link or type in their username and password. Once logged in, they can see useful details in the victim’s bank account, including credit card numbers and other personal information. When they get into the account, they can access online devices that are connected to it and use them to cheat, relying on the device that was compromised. The most common way OTP fraud occurs is through text OTP or an email phishing scam. Let’s see what they mean in depth: The Text OTP Scam These scams involve sending a link by text message that directs the victim to a website. The website might look legitimate but contains fraudulent content. Once installed on the victim’s device, this malware allows hackers to access account information from any web browser on the device. Email phishing scams In these scams, hackers send emails that appear legitimate but contain malicious links that direct users to fake websites. Once there, users enter their usernames and passwords into forms that grant the hacker access to their accounts. There are also telephone scams in which attackers call victims, pretending to be someone trustworthy. How to prevent OTP fraud? OTP scams come in different forms but always come from the same cause: a lack of knowledge of the technology used for one-time password creation. Here are some tips that will help you stay safe from OTP scams and other similar threats: Do not reveal your OTP to anyone. Any financial institution or authority will never ask you to share your OTP over the phone. The OTP is a confidential number, which means that even the employees of the bank or any monetary establishment or their client support people will never ask you to pass it along. It is always advisable to keep the OTP to yourself. When installing a screen-sharing programme or apps such as AnyDesk or TeamViewer, be very alert when clicking on links in emails or text messages. Always use your bank’s official net banking portal. Don’t fall for this OTP fraud by visiting the wrong bank’s website through a phoney address bar. It is important to check the web address of the page you are visiting against the official bank portal. Also, to make sure the site is safe and real, you can click on the URL address bar to see if it has a valid certificate of authenticity. Avoid downloading apps from suspicious sources. Do not download any third-party app, no matter what the caller says. Do not download it even if the caller says you need a KYC update or a grievance redressal app. Avoid clicking suspicious links. Avoid clicking on any suspicious link emailed to you or sent via SMS. Clicking on these links may grant your phone access to your financial information or give you the OTP. Apps can corrupt and compromise your phone and the OTP without you knowing. Some apps may even phish for your personal information by initiating fake transactions. Double-verify your transaction amount. When you make a payment through an online payment portal like PayPal or VISA Checkout, while entering OTP, make sure to re-verify the amount that you are paying and the name of the vendor accepting the payment. If the amount on the screen is different or the source looks suspicious, cancel the transaction immediately. [B-02] Conclusion With the increased presence of mobile devices and the heightened number of risks surrounding mobile devices, OTP fraud is on the rise. There are ways to stay safe from this potential threat, but individuals need to know how OTP fraud can occur and how the industry is trying to combat it. Hackers can compromise any OTP-enabled service and use it in fraud attempts. That’s why you must take the right precautions to protect your mobile device and other accounts. OTP fraud and experiencing account breaches are not new concepts. But the scope of OTP phishing has started to expand. This is because it is now possible for fraudsters to steal someone’s identity and use it to access another person’s bank account. To avoid becoming a victim of OTP fraud, it is crucial to take a few precautions. Avoid sharing your OTP over the phone; do not share it with anyone who swears that it will help you get a better job, and double-check the amount of money you are accepting and to whom you are giving it. With these precautions, you can avoid falling victim to an OTP fraud scam. If you need further consultation on online payments, you can contact Piramal Finance. This online platform is what you need to learn everything about relevant developments in the world of finance.

22-05-2024

Tips & Advice

A Detailed Guide to Help You Navigate the Acre-to-Cent Conversion

If you are a landowner or a real estate agent in India, you may often need to convert land measurements from acres to cents. While acres are commonly used in the United States and other countries, cents are the preferred unit of measurement for land in India. This blog will discuss the conversion process from acre to cent and provide a simple formula to make the calculation easier. Understanding the Measurements Before we dive into the conversion process, it is important to understand the measurements of acre and cent. An acre is a unit of measurement commonly used for land in the United States and is equivalent to 43,560 square feet. On the other hand, a cent is a unit of measurement used in India and is equal to 1/100th of an acre, or approximately 435.6 square feet. The Conversion Formula To convert from acre to cent, you can use the following formula: 1 acre = 100 cents This means that for every acre of land, there are 100 cents. To convert from acres to cents, multiply the number of acres by 100. For example, if you have 2 acres of land, the conversion would be: 2 acres x 100 = 200 cents Similarly, if you have 0.5 acres of land, the conversion would be: 0.5 acres x 100 = 50 cents Converting from Square Feet to Cents Sometimes, you may need to convert from square feet to cents before converting from acres to cents. To do this, you can use the following formula: 1 acre = 43,560 square feet 1 cent = 435.6 square feet To convert from square feet to cents, divide the square feet by 435.6. For example, if you have 10,000 square feet of land, the conversion would be: 10,000 square feet / 435.6 = 22.94 cents Why is it Important to Know the Conversion? Knowing how to convert from acre to cent is important for landowners and real estate agents in India as it allows for easier communication and understanding of land measurements. It also helps in accurately determining the value of a piece of land and making informed decisions when buying or selling property. Other Common Land Measurements in India Apart from acres and cents, other common land measurements are used in India. These include: Bigha: A bigha is a unit of measurement used in North India and is equal to 1/4th of an acre. Guntha: A guntha is a unit of measurement used in Maharashtra and is equal to 1/40th of an acre. Katha: A katha is a unit of measurement used in West Bengal and is equal to 1/20th of an acre. Conclusion Converting from acre to cent is simple and can be done using a basic formula. This conversion can be useful for landowners and real estate agents in India, as well as anyone looking to apply for a loan against property or anyone ready to buy or sell property. Understanding the different land measurements and their conversions allows you to make informed decisions and accurately communicate land measurements.

17-05-2024

Tips & Advice

Mastering Hectare to Bigha – A Conversion Guide

If you are a landowner or a farmer, you may have come across different units of measurement for land. One of the most used units is the hectare - a metric unit of measurement for land. However, in some parts of India, the bigha is still used as a unit of measurement for land. If you want to convert hectare to bigha, this blog will guide you through the process. Understanding the Units Before we dive into the conversion process, let's first understand what hectare and bigha mean. What is Hectare? The hectare is known to be a metric unit of measurement for land, equal to 10,000 square meters or 2.47 acres. It is used in nations that have embraced the metric system, predominantly in most European and Asian countries. What is Bigha? A traditional unit of measurement, the bigha is used to measure land in South Asia, particularly in India, Nepal, and Bangladesh. It is particularly used to measure agricultural land and is equivalent to 1/3 acre or 1,600 square yards. Converting Hectare to Bigha Now that we have a basic understanding of the units let's look at how we can convert hectare to bigha. - Using a Conversion Factor The easiest way to convert hectare to bigha is by using a conversion factor. The conversion factor for hectare to bigha is 1 hectare = 6.18 bigha. This means that for every 1 hectare, there are 6.18 bigha. To convert, simply multiply the number of hectares by 6.18. For example, if you have 2 hectares of land, the conversion would be 2 x 6.18 = 12.36 bigha. - Using an Online Converter If you are not a fan of manual calculations, you can also use an online converter to convert hectare to bigha. Numerous online converters are accessible for free, providing swift and precise conversions between various units of measurement. Simply search for "hectare to bigha converter" on a search engine, and you will be able to find multiple options to choose from. Enter the number of hectares you wish to convert, and the online converter will give you the equal value in bigha. - Using a Conversion Table Another way to convert hectare to bigha is by using a conversion table. This method is useful if you have multiple values to convert and don't want to do the calculations manually. Why Convert Hectare to Bigha? You may be wondering why it is necessary to convert hectare to bigha. The answer is simple – it depends on where you are located and the units of measurement used in that area. In some areas of India, especially in rural areas, bigha is still the preferred unit of measurement for land. So, if you are buying or selling land in these areas, it is essential to know how to convert between different units. Conclusion Converting hectare to bigha is a simple process. It can be done using a conversion factor, an online converter, or a conversion table. It is important to know how to convert between different units of measurement, particularly if you are dealing with land transactions or applying for a loan against property.

17-05-2024

Personal Loan

Loan Against Shares FAQ (Frequently Asked Question)

Obtaining a loan against shares (LAS) is viable when time is of the essence. This helps when you need rapid capitalization. You can use shares, mutual funds, LIC insurance, and postal savings certificates as collateral to obtain fast cash. There has been a flurry of fundraising efforts as of late, perhaps due to global uncertainty. For example, you need to send your kid to college in another country. So, it’s wise to take out a loan against shares. This is good even if you don’t need the money immediately. If you have a substantial investment portfolio, especially one with equities, you may be qualified for a loan against shares. This investing leverage might help you out financially. [B-01] Explain how it works The vast majority of new Demat account holders have yet to determine whether they will eventually be able to take advantage of the account’s many features. If you have stock assets that you plan to hold for the foreseeable future, you should consider getting a loan against your equity investment. These loans against securities let investors meet deficit funding needs while keeping significant capital for long-term goals. 1) What steps do I take to get a stock-backed loan? A Loan Against Shares from several financial institutions may be obtained in just three minutes and three easy procedures. Applying for a loan is a completely digital experience. It means you can do it from the comfort of your home or office. How to Apply for a Loan Using Shares Step 1: Choose the securities you want to pledge in NetBanking. Step 2: Confirm your agreement with an OTP. Step 3: Verify an OTP. Pledge stocks and mutual funds online. Withdrawals from your LAS account happen instantly. Following the application for the digital loan against shares Combination of many financial institutions Demat account with a checking or savings account Trades of stocks and equity mutual funds held in Demat format Method of operation for a single Demat account bank-approved stock with a value greater than Rs. 2 lakh 2) “How much money can I borrow against my shares?” You might receive anywhere between INR 1 lakh and INR 20 lakh. It’s possible to take out a loan for up to half of your stock’s worth. It has a fixed interest rate of 9.90%. Get the funds right away. Interest should only be added to the funds that are being utilized. 3) Loans against securities are available to whom? Anyone with legally recognised securities can apply for a loan against shares, regardless of whether they live in India. You must be a financial institution customer to complete the transaction digitally. Several financial institutions provide loans against securities interest rates to proprietors, partners in enterprises, corporations, and limited liability partnerships. 4) How much interest do I pay on loans secured by collateral? Financial institutions have low-interest rates for loans secured by collateral. Interest rates are influenced by the MCLR rate, which measures the marginal cost of providing new funds for lending. Get in touch with the bank to determine the current rate. The great thing about this loan against shares is that it is an overdraft on your account, so you only have to pay interest on the money you spend. 5) What kinds of documentation are required to borrow money against stock? Financial institutions’ customers know that the process takes little time and requires little documentation. It is not sufficient to submit the certificates for the securities you wish to pledge; you will also need proof of your identity, residency, and income. 6) Can I use any property I own as collateral to secure a loan? Nonconvertible debentures, life insurance policies, stock, mutual fund shares (both equity and debt), National Savings Certificates, Kisan Vikas Patras, and National Savings Certificates are all acceptable forms of collateral. 7) What kinds of stocks may be used as security? Pledgeable assets include fully paid-for shares of publicly traded companies. These stocks must be easily transacted and have a high degree of liquidity. When will I hear back from financial institutions about my loan application? The time it takes to approve and handle the loan against shares depends on how long it takes to verify the borrower’s income and other financial information. How long can I expect this loan to last? The loan tenure ranges from 6 to 36 months. How does one decide which repayment option to use? It is contingent upon the loan arrangement (overdraft vs. demand). The latter has yet to have a predetermined repayment plan in place. With an overdraft agreement, you have less access to funds during the life of the loan. I would like to know if I can apply for a loan at any local SBI bank. The loan could be secured in a variety of ways. How do financial institutions’ offerings differ from loans against shares provided by other financial institutions? Interest rates at financial institutions are among the lowest in the industry. There are new regulations for loans backed by stocks and bonds issued by financial institutions in India. 8) Consider getting a loan by using your shares as collateral. Stocks are a popular investment option because of the potential for high returns over the long term. An initial public offering (IPO) is a way to buy company shares and profit from their future success. As a result, the potential for future capital growth and financing has increased. More reasons to take out a loan against shares are as follows. It makes sense to get a loan backed by shares while the market is doing well. A share-secured loan can be used for any purpose. As an overdraft, you can get one of these loans. If you put up shares as collateral for a loan against shares, the lender will authorise a certain amount for you to borrow. Borrowers may use the approved total in any way they see fit. Payback of the loan can be done whenever the borrower likes, up until the overdraft limit is reached. Interest is calculated solely on the borrowed sum until the loan is repaid. [B-02] Conclusion: A loan against shares is comparable to any other loan in that you can borrow up to the value of the assets you already hold as collateral. Additionally, the borrower retains all rights to earnings (such as share appreciation, dividends, incentive payments, etc.) during the loan term. Visit Piramal Housing Finance for more queries.

24-04-2024

How To?

How To Allow Camera Permission In Your Browser

How To Allow Camera Permission In Your Browser Apne browser mein camera permission kaise allow karein? Upar daayin taraf ki teen binduon ko select karke menu kholein. ‘Settings’ select karein. ‘Site Settings’ select karein. ‘Camera’ option select karein. Camera toggle ko ‘on’ karein.

22-04-2024