1070+ property terms explained in plain words: RERA, land records (Fard, Jamabandi, 7/12, Patta), documents, law, tax, finance and state-specific vocabulary. Each term has its legal basis, an Indian example and a tip for agents.
Reviewed 16 October 2026 · 1073 terms · 14 topics
The authority that plans and develops Jaipur, including layouts and approvals.
Example: A Jaipur plot buyer checks that the colony has JDA approval.
Agent tip: Do not confuse this JDA with a joint development agreement.
Related: Development Authority Joint Development Agreement (JDA)
The main record of rights in Punjab, Haryana and Himachal Pradesh. It lists owners, area, field numbers (khasra) and any possession details, and is updated periodically by the revenue department.
Example: A buyer in Kharar asks for the latest Jamabandi and sees the seller's name along with two co-owners. Unless only the seller's own recorded share is being sold, all three must sign.
Agent tip: Ask for a certified or online copy of the latest Jamabandi. Look for co-owners, mortgages and entries on possession.
Related: Fard Khasra Number Khewat and Khatoni Intkal
The Hindi and Punjabi word for land. It is used in conversation with owners and in local records.
Example: A farmer says "meri jameen" for his own land.
Agent tip: Always confirm the exact record details (khasra, Jamabandi) behind such informal terms.
Related: Agricultural Land Jamabandi
The name for the state-fixed minimum property value in Gujarat, used to compute stamp duty.
Example: A buyer in Ahmedabad pays stamp duty on the higher of the jantri value and the sale price.
Agent tip: Check the latest jantri for the survey number and zone.
Related: Circle Rate Stamp Duty
The Jharkhand Real Estate Regulatory Authority, which regulates projects and agents in Jharkhand, including Ranchi.
Example: A Ranchi buyer looks for the project on the Jharkhand RERA portal.
Agent tip: Check the authority's portal for current forms and fees before advising a client.
Related: RERA Authority Decimal
The Jammu and Kashmir Real Estate Regulatory Authority. Its online portal was reported to have launched in July 2024.
Example: A buyer in Jammu checks whether a project is listed on the J&K RERA portal.
Agent tip: Confirm the current registration process on the official portal.
Related: RERA Authority
Also called: JDA
An agreement between a landowner and a developer in which the owner provides land and the developer builds, with both sharing the built area or revenue.
Example: A landowner in Bengaluru receives 35% of the built apartments in return for the land.
Agent tip: Check the registration of the JDA, the sharing ratio and the date of completion.
Also called: Co-Owner Tax Benefit
When two or more people buy a house and are co-borrowers, each may claim home loan deductions separately, based on their share in the property and the EMI they actually pay. Each claims within the usual limits.
Example: Husband and wife in Zirakpur are joint owners and co-borrowers, so each claims the interest deduction on their own share in the same year.
Agent tip: The co-borrower must also be a co-owner and must actually repay the loan. Keep the bank statements that show it.
Related: Home Loan Interest Deduction Co-borrower Joint Ownership
Ownership of the same property by two or more persons together. Co-owners may hold it as tenants in common, with defined shares, as a rule. Whether any right of survivorship exists depends on the document and the law, so take legal advice.
Example: A husband and wife buy a flat together and both sign the sale agreement.
Agent tip: In a sale by joint owners, every co-owner must sign. A sale by one co-owner can bind only his share.
Related: Co-borrower Partition Deed Release Deed
Also called: জমি, Jami
The Bengali word for land. In West Bengal, property talk often uses it with other words such as "jomi-jama" for land and property, and "bastu jomi" for land recorded for homestead use.
Example: A buyer in Hooghly checks whether the jomi is recorded as bastu or as agricultural before agreeing on a price.
Agent tip: In West Bengal, check the record of rights and land classification for any jomi, as conversion is needed for non-agricultural use.
Related: Record of Rights (RoR) Agricultural Land Change of Land Use (CLU) Plot
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