7/12 Extract Document is essential for property transactions such as buying and selling, availing financial loans, and transferring property ownership. "SaatBara Utara" is another popular name for the extract in Maharashtra.
7/12 Extract document is the coupling of Form No 7 and Form No-12. Form-7 reveals the property's current and previous owners' names and also the details of the ownership tree pertaining to the property. Whereas form 12 provides the agricultural history of the property.
The 7/12 extract is managed by the revenue department of Maharashtra and Gujarat. Generally, the 7/12 Extract Documents can be obtained in the Thashidar office issued by the Talathi and signed by the Thashidar.
Following are some of the significances of the 7/12 extract document:
Proof of Ownership:
In the real estate industry, the 7/12 extract document is accepted as proof of the ownership of the properties. It is also used as evidence of property ownership in the court during property disputes.
Required for Legal and Financial Transactions:
The 7/12 extract document is essential for financial and legal transactions relating to the property, such as - Buying, Selling, taking a loan on the property, and also transferring the ownership of the property.
Furnishes Revenue and Assessment Details:
The 7/12 extract document furnishes the revenue and assessment details of a property, which can be used to determine the property value and calculate the property taxes to be paid to the Maharashtra Government.
Shows Liabilities and Encumbrances:
Using the 7/12 Extract document, also identify encumbrances or liabilities associated with the land, for instance -mortgage or liens, which help determine the actual property value.
We can find the following details in the 7/12 Extract Document:
Type of Occupancy - Commercial, residential, or Farming land, etc...
Owner's Name - Current and previous owners' tree
Survey Number - This is a unique identification number assigned to a property
The Size of the Property - We can determine the property's dimension using the Extract
Village and District the property belongs to
Cultivable Land - Determine if land is Cultivable or Uncultivable
Determine the Sub-Division of the survey number belongs to
Unique Khata Number
Details of the agricultural history of a property
The Maharashtra Government with the intent to help the public easily extract the 7/12 Extract Document of a property to analyse it's details, has enabled an online portal where people can extract the 7/12 Extract Document of a property using the property's survey number easily; below mentioned is the step by step process to extract the 7/12 extract document online:
Visit Bulekh.mahabhumi.gov.in and choose a suitable city from Anurangabad, Konakan, Nashik, and Nagpur and Select the "Go" Button.
You will be diverted to a relevant page where you can take the required action
Choose 7/12 extract options like the village, taluka, and District.
Search the property Extract using the survey number, First Name, Middle name, last name, and full name. Fill in other details relevant to the property and then click on search.
The search results will be populated with the complete property details relating to the entered survey number.
To obtain a 7/12 extract offline, Visit the Revenue Department in your jurisdiction and carry out the following procedure:
Approach the help desk in the revenue department and get a hard copy of the 7/12 form.
Fill out the form with the necessary property details, including the revenue number
Pay the extraction fees
Collect the 7/12 extract from the revenue department of Gujarat or Maharashtra.
As a part of property purchasing processes, the change of ownership, and other details of the property, carry out the below-mentioned procedure to update your 7/12 extract:
Write a letter to the revenue department in your jurisdiction of the area or the location of the property
furnish required information with supporting documents necessary for updating the property
The officials will update the information after a thorough verification
Points to consider when one purchasing a property in Women's Name:
Women must be individual earners and must have a source of income -Banks don't provide home loans to women without an income source.
In the case of divorce, property alimony is based on the sales deed.
In case of a property dispute between husband and wife, the husband will be jointly responsible, even if the property is in the woman's name.
In recent times, 7/12 Extract plays a vital role during property buying, selling, property ownership transferring, taking loans, etc.
SaatBara Utara is the popular Maharashtra term for 7/12 Extract containing current owners' details, their rights and details of the plot, if the property is cultivable or uncultivable, and the katha details.
This extract is available online and offline. One can download the extract or visit the revenue department and get a hard copy of the 7/12 extract using the survey number.
When purchasing properties, use this 7/12 extract to analyse the property's owners' history, encumbrance, and liabilities. Property is wise for purchase with zero liabilities and litigations.
A. 7/12 Extract is an essential document required for property transactions such as buying, selling, ownership transferring, and availing property loans.
A. Yes, it is possible to extract 7/12 extract of a property online.
A. Visit the revenue department in your jurisdiction and get a copy of the 7/12 of a property after completing the necessary formalities.
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