Surat property glossary

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7

7/12 extract (satbara utara)

Gujarat's basic land record for a survey number: owner, area and land use. Check it for the project land before booking. Read more

8

8A extract

The holding (khata) extract that lists every survey number held by one owner; read it with the 7/12. Read more

A

Agreement for sale (banakhat)

The contract between buyer and builder fixing the unit, price, payment plan and possession date. Under RERA it must be written and registered before the builder takes more than 10% of the cost. Read more

B

BU permission

Building Use permission — Gujarat's occupancy certificate, issued by the planning authority when a building is complete. Occupation, utilities and the bank's last disbursement typically depend on it. Read more

Built-up area

Carpet area plus external walls and exclusive balconies or terraces. It has no statutory definition. Read more

C

Carpet area

The net usable floor area of a home, including internal walls and excluding external walls, shafts, exclusive balconies and terraces (RERA section 2(k)). Read more

Completion certificate

The authority's certificate that construction is complete. GST does not apply when the entire price is paid after it is issued. Read more

Construction-linked plan

A payment schedule where each instalment falls due at a construction stage — foundation, slabs, brickwork, finishing. Read more

Conveyance deed

The registered document that transfers title to the buyer. RERA requires it within three months of the occupancy certificate where local law is silent. Read more

Corpus fund

A one-time amount collected at possession for major future repairs of the building. Read more

D

Dastavej

A registered document, such as the sale deed, recorded at the Sub-Registrar's office. Read more

Duplex / triplex

A home spread over two or three floors joined by a private staircase or lift, usually at the top of a tower. Read more

E

Encumbrance certificate (EC)

A record showing registered transactions on a property, used to check that the title is clear. Certified copies are available online from GARVI. Read more

Escrow account (70%)

RERA requires 70% of buyer payments to be kept in a separate bank account and withdrawn only in proportion to certified construction progress. Read more

F

Final plot (FP)

The numbered plot allotted to a landowner under a town planning scheme; project addresses in Surat often cite it (for example FP 44, TPS 6). Read more

Floor rise

An extra charge per floor above a base level, added to the price of higher homes. Read more

Form 132

The TDS certificate the buyer gives the seller after depositing property TDS on Form 141 — it replaced Form 16B from 1 April 2026. Read more

Form 141

The Income Tax form used from tax year 2026-27 to deposit 1% TDS on property purchases (formerly Form 26QB). Read more

G

GARVI

The Government of Gujarat's registration portal for stamp duty, registration fees, jantri, appointments and certified copies. Read more

GujRERA

The Gujarat Real Estate Regulatory Authority, which registers projects and hears buyer complaints. Read more

H

Hakk patrak (village form 6)

The mutation register that records each change of land ownership, such as a sale or inheritance. Read more

I

Index-2

The registration extract recording a property transaction — parties, value and property details — issued after registration and available as a certified copy. Read more

J

Jantri

Gujarat's Annual Statement of Rates: the government minimum value per value zone. Stamp duty is charged on jantri or the agreement value, whichever is higher. Read more

L

Loading factor

The percentage added to carpet area to reach super built-up area: (super built-up − carpet) ÷ carpet. Read more

LTV (loan-to-value)

The maximum share of a home's value a lender may finance — 75% for loans above ₹75 lakh under RBI rules. Read more

M

Maintenance deposit

An amount collected at possession to fund upkeep until the society takes over; usually with one or two years of advance maintenance. Read more

N

NA permission

Non-agricultural permission — the order that lets agricultural land be used for building. Housing land must have it. Read more

O

Occupancy certificate (OC)

The certificate permitting a building to be occupied; in Gujarat it is issued as BU permission. RERA requires buyers to take possession within two months of it. Read more

P

PDEN / CIN

Reference numbers on Gujarat's stamp duty e-challan, paid through the state Cyber Treasury via GARVI; the challan is proof of payment. Read more

Penthouse

A top-floor home, often a duplex with a private terrace. Read more

PLC (preferential location charge)

An extra charge for a better view, corner or garden-facing unit. When paid with the price before completion, it carries the flat's GST rate. Read more

Pre-EMI

Interest-only payments on the amount of a home loan disbursed so far, until the final disbursement. Read more

Q

Quarterly progress report (QPR)

The update a RERA-registered promoter posts every quarter on bookings, approvals and construction status. Read more

R

Registration fee

1% of the property value in Gujarat, paid with stamp duty; waived for a woman buying alone or women-only co-owners. Read more

RERA completion date

The date by which the promoter has told RERA the project will be complete — the date the law holds them to, as opposed to a marketing possession date. Read more

S

Satakhat

Another Gujarati term for the agreement for sale (banakhat). Read more

Sky villa

A marketing term for a large upper-floor home; it has no legal definition. Read more

Stamp duty

The state tax on a property document — 4.9% in Gujarat (3.5% plus 1.4% surcharge). Read more

Super built-up area

Built-up area plus a share of common areas such as lobbies, lifts and the clubhouse. Read more

T

TDS on property

1% of the price, deducted by the buyer when the consideration is ₹50 lakh or more, under section 393(1) of the Income-tax Act 2025 (formerly 194-IA). Read more

TP scheme

Town Planning scheme — Gujarat's method of reorganising land into final plots with roads and amenities; Surat projects are identified by TPS and FP numbers. Read more

V

Vaar

A local unit of land area: 1 vaar = 1 square yard = 9 sq ft (about 0.836 m²). Read more

Last reviewed 29 Sep 2026 by the Surat Niwas research desk under our editorial policy. This guide is general information, not legal, tax or investment advice — confirm figures with the official portal, your bank or your advocate before you act.