Describe The Property Card. By using property cards, the government has digitalized the department of land records. These digital cards give the precise information about the property owner as well as the ownership and transaction history related to it. By fulfilling the registration requirements on the state-owned land record website, one can obtain their property cards. An electronic document with 16 MB of capacity called a "Property card" is used to hold important property-related data. This comprises, among other things, information on all previous transactions for a piece of land, prior owners, the survey number, the name of the community, and the lease rate. The smart card was introduced in order to increase transparency in land administration in general and to make the ownership title of a specific parcel of land more clear.
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The innovative measure is anticipated to reduce fraud in real estate transactions and stop property encroachment. Additionally, it is viewed as a tool for reducing the amount of paperwork required for real estate transactions, which encourages individuals to spend generously in homes and land. Continue reading to learn more about the Property card and its importance.
What is a Property card? An individual's land holdings are listed on a Property card, an electronic card that is provided by the government. It was once known as ownership certificates, and only the particular magistrate office can issue them. The individuals may now, however, access the document via the relevant State government's land record online.