Land Purchase Alert: 7/12 Extract's 'Condition' & 'Tenure Type' Crucial for Ownership

• The 7/12 extract is vital for land transactions, detailing ownership, legal status, use, and government conditions.
• Overlooking 'condition' (shart) and 'tenure type' (dharanprakar) entries can lead to illegal ownership.
• Maharashtra classifies land into Old Conditional (private, easy transaction), New Conditional (government permission needed), and Government Leasehold (use only, strict conditions).
• Absence of clear 'condition' and 'tenure type' can result in transaction cancellation, penalties, or legal disputes.
• Always verify these entries, ensure government approvals for conditional lands, and consult a lawyer before purchase.