Acre is a widely accepted measurement unit used to measure plots and vast land areas. It is among the oldest units remaining in use, and both the US and the British imperial systems of units accept it.
On the other hand, Guntha is one of India’s most recognised land measurement units locally. Regardless, for conversion of area into units like this from other standard units, users can opt for a area conversion calculator for error-free and effortless calculations.
How to convert Acre to Guntha?
In general, one Acre is approximately 40 Gunthas. So, to convert a given numerical to Guntha from Acre, individuals have to multiply it with the given figure. For instance, 2 Acres = (2 x 40) Guntha = 80 Gunthas. Likewise, individuals can replace “2” with any number, as shown in the example, to convert the required amount.
Additionally, as the conversion of complex numbers involves challenging calculations, individuals can opt for an area conversion calculator that greatly simplifies the procedure.
Steps to use land area calculator
Step 1: Visit a trusted website to access an area conversion calculator.
Step 2: Then, enter the property unit value.
Step 3: After that, select the area unit to initiate the conversion.
The online calculator will convert the value from Acre to Guntha and display the result.
What is Acre?
Acre is one of the earliest measurement units and has experienced numerous variations over the years. The modern Acre is equivalent to 4,840 square yards, 4,047 square metres, 43,560 square feet, and 0.4047 hectares and is used in both the imperial and US measurement systems.
Also, Acre is a common land measurement unit used throughout the world, notably in Canada, the US, Germany, Spain, Jamaica, France, and the majority of South Asia, including India, Sri Lanka, Bangladesh, and Pakistan. Apart from these, Acre is also frequently used in the UK.
What is Guntha?
In various regions of India, the Guntha or Gunta is one of the traditional land measurement units. In the states such as Gujarat, Maharashtra, Karnataka, Telangana, Andhra Pradesh, and Odisha, Guntha is frequently used to measure plots of land.
Officially, Guntha equals 121 square yards (sq yd), 101.17 square meters (sq m), or 1,089 square feet (sq ft). But, in Maharashtra, 1 Guntha is sometimes calculated at 1,076.4 sq ft. or 100 sq m.
Lenders frequently demand the area unit of the property into standardised measures to achieve consistency in calculations. Therefore, it may be necessary to convert Acre to Guntha and vice versa if someone chooses to apply for loan against property online.
Benefits of loan against property
Getting a loan against property can provide multiple benefits. Nevertheless, a few of the perks to avail of a loan against property from leading financial institutions include:
- Substantial loan amount
Compared to personal loans, mortgage loans provide higher loan amounts. Therefore, individuals can meet their diverse financial requirements with this generous fund.
- Less documentation
Prospective borrowers must submit a few essential documents to apply for a loan against property. Apart from it, potential borrowers can also benefit from doorstep document verification.
- Extended tenor
In LAP, the property is kept as collateral; hence, the risk for a lending institution is comparatively less. As a result, compared to other loan types, the repayment tenor is longer, which eases the monthly financial liability.
- Lenient eligibilities
Leading financial institutions also have lenient eligibility criteria for loan against property that prospective borrowers can meet easily. This also allows them to get the maximum valuation for a property.
- Zero end-use restrictions
In case of a loan against property, funds are disbursed with zero end-use restrictions. This means that borrowers can use those for any purpose they need to, and financial institutions have no guidelines concerning them.
Also, to streamline an applicant’s loan availing process, leading financial institutions in India extend pre-approved offers to customers. These offers are available on various financial products like home loan, loan against property and others. Prospective borrowers can enter their personal details to check their pre-approved loan offers.
Hence, opting for a land area calculator is one of the easiest ways to convert Acre to Guntha. This is because converting it manually can involve the risk of errors which can affect the loan against property application.