Home > Income Tax > Help Center > Area Calculator Last Updated: Dec 08th 2024
Based on the shape of the land, the Area Calculator can figure out how big a piece of land is in square feet, yards, acres, and other units.
It's useful if you want to buy or sell a house, land, or plot that is in the shape of a rectangle, triangle, trapezoid, or parallelogram. Also helps you figure out the fair market value so you can report capital gains or losses on your income tax return and see if you made or lost money.
In India, land or area are measured based on the shape of the property and collect various length, width, height, and bases
While the area calculation for the most common type of land / plot shapes is easier with the calculator from EZTax, official records should be filled with the help of officers such as Tehsildars, Revenue Inspectors, Certified Surveyors, and Patwaris.
In real estate, square metres, square feet, acres, or hectares are used, based on local practices. The size of a piece of land is measured within defined parameters.
You may also use the records in arriving at the land area estimation using:
On your own, you can use certain methods to estimate the area of a piece of land with an odd shape. You could also use eztax calculator based on the shape of the land or area.
For official records, it is advised to get it done by a Certified Surveyor who is available at the local registration office.
Floor spaces on each level or floor make up a building's overall floor area. Several elements determine a building's floor area. Consider these key points:
The terms "carpeted area" and "built-up area" relate to inner building surface. A quick glance at each term:
Before the RERA Act, (Real Estate Regulatory Authority) most builders and developers in India sold homes based on the "Super Built-up Area". This made it hard for buyers to know how much carpet area they would actually get.
The circle rates, unit rates, or guideline rates give you an idea of how much something costs in a certain place. These rates are set by the government in each area.
"Circle Rates for Property Valuation by State" has more details.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.