differientate between 7/12 extract and property card
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The two important laws on this reference are 7/12 extract and property cards. The 7/12 extract is a law framed for the peoples of Maharashtra and Gujarat people. ... While the Property Card is the card which is given to the owners of the flats or the land, which makes them the legal buyer or owner of the property.
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Both 7/12 extract and property card are used to get the required information about the registered land. 7/12 Extract is the extract from the land records registers held by the public revenue department. It contains important details of the ownership rights of the family, the status of debts and loans, transfer of ownership and the area under different crops. This document is an important indicator of the legal status of property (agriculture land). When the land property is located in an urban area the details of the ownership of such property, survey number, plot number etc, are recorded in the property card, available from urban land records.
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