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 Uttarakhand Real Estate Regulatory Authority, which regulates projects and agents in Uttarakhand, including Dehradun.
Example: A Dehradun buyer verifies a project on the UKRERA portal.
Agent tip: Check the state's land purchase rules for outsiders.
Related: RERA Authority
Unique Land Parcel Identification Number: a 14-digit alphanumeric ID assigned to each land parcel, to link land records and maps across the country.
Example: A parcel in a village receives a ULPIN that appears on its digital record.
Agent tip: Ask whether a parcel has a ULPIN. It reduces confusion between survey numbers.
Related: DILRMP Survey Number Revenue Record
A building put up without approval or in violation of the sanctioned plan, zone or rules. It can face penalty, sealing or demolition and is hard to sell or finance.
Example: An extra floor added to a builder floor without sanction is declared unauthorised and cannot be mortgaged.
Agent tip: Always compare the building with the sanctioned plan before recommending a purchase.
Related: Sanctioned Plan Regularisation Compounding
A project whose building is not yet complete. It usually costs less than a ready flat but carries delay and quality risks.
Example: A buyer books in a tower due for possession in 2028 and pays in stages.
Agent tip: Check RERA registration, the possession date, the escrow account and the builder's record.
Related: Ready-to-Move (RTM) RERA Registration Number Escrow Account
A written promise by a person to do or not do something, often given to a builder, bank or authority. In property work it may confirm that a seller will clear dues or that a buyer accepts a condition, but its legal effect depends on how it is drafted.
Example: A seller in Mohali gives a signed undertaking that he will clear the society dues before the sale deed is registered.
Agent tip: Ask for a clear undertaking on stamp paper, with a date. A vague one is hard to enforce.
Related: Affidavit Indemnity Bond Stamp Paper No Dues Certificate
Also called: Undivided Interest
The buyer's proportionate share in the land under an apartment building, which is jointly owned by all flat owners and cannot be separated. It matters in redevelopment and compensation.
Example: A 1,000 sq ft flat in a tower with a 20,000 sq ft plot and 40 similar flats might have a UDS of 500 sq ft.
Agent tip: Ask for the UDS area and see that it is stated in the sale deed.
Related: Apartment Patta Redevelopment
In a project, a single apartment, shop, office or plot offered for sale to an allottee.
Example: Unit 1204 in Tower B is a 3 BHK apartment.
Agent tip: Always write the unit number, tower and floor in your notes.
Related: Apartment Allotment Letter
Also called: UAV System, Unit Area Method
A way to calculate property tax by multiplying the area of the property by a rate per unit area. The rate depends on location, use, age, structure and floor, with multipliers applied. Delhi's municipal corporation and Bengaluru use versions of it.
Example: A shopkeeper in Delhi calculates property tax from the covered area, the colony category, the type of use and the age of the building.
Agent tip: Always check the category of the colony and the use factor. A wrong entry can raise the bill.
Related: Property Tax Annual Rental Value (ARV) Method Capital Value System
Completed or under-construction units that are on the market but not sold. Months to sell is the number of unsold units divided by the monthly sales rate.
Example: A city has 20,000 unsold flats and sells 1,000 per month, so it holds 20 months of inventory.
Agent tip: High unsold inventory can lead to discounts or offers.
Related: Absorption Rate Inventory
The Uttar Pradesh Real Estate Regulatory Authority, the regulator for projects and agents in Uttar Pradesh, including Noida, Greater Noida, Lucknow and Ghaziabad.
Example: A buyer in Greater Noida checks the project number on the UP-RERA portal.
Agent tip: Uttar Pradesh has additional requirements for agents. Read our state guide.
Related: RERA Authority NOIDA
A law, the Urban Land (Ceiling and Regulation) Act, 1976, that limited the urban land one person could hold. A central repeal in 1999 has been adopted by many states, though pending cases continue.
Example: A seller's old land has a ceiling proceeding pending from the 1980s that is still not closed.
Agent tip: Ask for confirmation that no ceiling proceedings are pending on old plots.
Related: Title Litigation Check
A city or town government such as a municipal corporation, council or nagar panchayat that provides local services and approves buildings.
Example: A town's municipal council approves building plans for homes in the town.
Agent tip: Know the ULB for the project area.
Related: Municipal Corporation Sanctioned Plan
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