The real estate sector of India is highly unorganized and lacks standardization. This is primarily visible in the case of land measurement. The units used here change from one state or region to another.
However, it is essential to remember that meeting lender-specific requirements are necessary because they have specific measuring units for calculations. So, if an applicant measured their property in a square meter and required it in gaj, they have to convert it from square meters to gaj.
Steps to convert square meters to gaj
Using an online calculator for unit conversion is a straightforward task. Also, for the ease of understanding prospective loan borrowers, here are the steps for using it.
Step 1: Visit the official website of your preferred lender.
Step 2: Navigate to the area conversion calculator.
Step 3: Then, enter the square meter and the conversion value in their respective tabs. After that, provide the desired conversion unit, which is gaj in this case.
Step 4: After that, this online device will compute and present the required result instantly.
Also, applicants must know the values related to converting it manually. The value of 1 square meter to gaj converts to 1.207584. Hence, for getting a specific square meter value, they multiply it by 1.207584 with the required value. So, for example, if one is willing to convert 5 square meters to gaj, they have to multiply 5 with 1.207584, which brings the value to 6.037918.
What is a square meter?
A square meter, often abbreviated as sq. mt., is a standard measuring unit used worldwide and widely regarded as a customary international measuring unit. Apart from its conversion to gaj, it equals 10.76 square feet, 0.0001 hectares, and 0.0004 bigha.
What is gaj?
Gaj is a measuring unit of property usually used for properties in northern India. It also equals 9 square feet, and this unit is often used in Hindi for a square yard. For calculations, gaj is also used as square gaj.
Knowing these units before applying for a LAP and calculating the charges of a loan against property is highly beneficial. This will help get an accurate amount for a concerned property.
Benefits of using an online square meter to gaj calculator
Although there are multiple benefits of using an online area conversion calculator, a few of those are provided below –
1. Helps in a faster loan application
Getting lender-specific requirements before application correctly makes the whole process hassle-free. Hence, applicants can apply for a loan faster and can use the LAP amount for myriad requirements.
2. Makes calculations error-free
This is one of the prime benefits of using a square meter to gaj converter. As mentioned earlier, calculating manually involves daunting numbers, making them highly error-prone. Additionally, the results are available instantly after a user provides all the required information.
Thus, this calculator provides accurate results that result in faster loan approval with precise information, increasing the chances of loan request approval.
3. Free to use
Besides these benefits mentioned above, leading financial institutions provide this area conversion calculator free to applicants. Moreover, individuals can use them as many times as they want without worrying about paying charges.
Nevertheless, to avail of a LAP in India, leading financial institutions also offer pre-approved offers that simplify and expedite loan processing. Such offers are available on various secured and unsecured financial products. Individuals can provide their name and contact number to check their pre-approved offers.
Hence, to convert square meters to gaj, it is always recommended to use this online calculator as it will provide prompt and accurate results.
