Real-estate glossary.

A hill-region land unit. 16 Aana = 1 Ropani; 1 Aana ≈ 342.25 sq.ft (≈31.8 m²). Further divided into Paisa and Daam.

The schedule by which a loan is paid off through regular EMIs, with each payment splitting between interest and principal until the balance reaches zero.

A written sale agreement (token/earnest-money deed) between buyer and seller that records the agreed price and terms before final registration at the Malpot.

A Terai-region land unit. 1 Bigha = 20 Kattha = 400 Dhur ≈ 72,900 sq.ft (≈6,772.6 m²).

Tax levied on the profit when land or property is sold above its acquisition cost. In Nepal it is typically withheld at the Malpot at the time of registration.

The dispatch/registration number recorded in a land office's outgoing register when a document is processed.

The 'four boundaries' of a parcel — the descriptions of who/what lies to the east, west, north and south. Used to identify and verify a plot on the ground.

An asset (usually the property itself) pledged to a lender to secure a loan. The lender can claim it if the borrower defaults. See Dhito.

The smallest traditional hill land unit. 4 Daam = 1 Paisa; 16 Paisa = 1 Aana, so 1 Daam ≈ 1.99 m².

Collateral or mortgage — property pledged to a bank or lender against a loan. A 'Dhito' entry is recorded against the land record until the loan is cleared.

The smallest Terai land unit. 20 Dhur = 1 Kattha; 1 Dhur ≈ 182.25 sq.ft (≈16.93 m²).

The portion of a property's price the buyer pays upfront from their own funds; the rest is financed by a loan. Higher down payments lower the loan and EMI.

The fixed monthly amount a borrower pays to repay a home loan, covering both interest and principal over the loan tenure.

Any claim, lien, mortgage or legal liability attached to a property (e.g. an existing Dhito or court case) that can restrict its sale or transfer.

A neutral third-party arrangement that holds funds or documents until both buyer and seller meet the agreed conditions, reducing transaction risk.

A home-loan rate that stays constant for the whole (or a set part) of the tenure, keeping the EMI predictable regardless of market changes.

A loan rate that moves with a benchmark (e.g. the base rate), so the EMI or tenure can rise or fall over time.

Ownership of land/property outright and indefinitely, as opposed to leasehold. Most private land in Nepal is held freehold under a Lalpurja.

Land held under a trust (often religious or community), historically tied to temples or social institutions. Guthi land has special transfer restrictions.

The general Nepali word for 'land' or 'plot'.

The formal name of the land-ownership certificate, commonly known as Lalpurja.

A Terai land unit. 20 Kattha = 1 Bigha; 1 Kattha ≈ 3,645 sq.ft (≈338.6 m²).

A land parcel or plot number. Each registered plot has a unique Kitta number used in the official cadastral records.

The red land-ownership certificate (formally Jagga Dhani Purja) issued by the Malpot. It is the primary proof that a person owns a specific parcel of land.

A contract granting the use of property for a fixed period in exchange for rent, without transferring ownership.

A unique national identification number being assigned to each parcel under Nepal's digital land records system, complementing the older Kitta number.

The ratio of the loan amount to the property's appraised value, expressed as a percentage. Lenders cap LTV (e.g. up to ~70–80%) to limit risk.

The Land Revenue Office — the government body that registers land transactions, issues Lalpurja, collects land tax (Tiro) and maintains ownership records.

A month in the Bikram Sambat calendar (the 8th month), often referenced in land documents and registration dates.

A registered tenant farmer with cultivation rights over agricultural land under Nepal's tenancy laws — a right that can complicate sale or transfer.

A loan secured against real property, where the property acts as collateral until the debt is repaid. See Dhito.

A map or blueprint — either the cadastral parcel map (Napi Naksa) showing plot boundaries, or an approved building plan/blueprint.

Land survey, or the Survey Office that measures parcels and produces the cadastral map (Naksa) used to define boundaries and area.

A clearance document confirming a relevant authority or party has no objection to a transaction — sometimes required for transfers involving NRNs or specific land categories.

A hill land unit. 4 Paisa = 1 Aana; 4 Daam = 1 Paisa; 1 Paisa ≈ 85.56 sq.ft (≈7.95 m²).

Municipal approval (naksa pass) certifying that a building's plan meets local bylaws — Nepal's equivalent of a development/RERA-style approval issued by the local government.

Physical control and occupation of a property. Legal ownership (title) and possession should match — verify that the seller actually holds the land they are selling.

Paying off part or all of a home loan ahead of schedule to reduce interest. Some lenders charge a pre-payment penalty.

The original loan amount borrowed, excluding interest. Each EMI reduces the outstanding principal over time.

A deed of sale/transfer registered at the Malpot that legally conveys ownership of land from seller to buyer.

The principal hill-region land unit. 1 Ropani = 16 Aana = 64 Paisa = 256 Daam ≈ 5,476 sq.ft (≈508.7 m²).

A recommendation letter from a ward or local body, often required to support land transactions, valuations or boundary confirmations.

The total length of time over which a home loan is repaid, commonly 10–25 years. Longer tenure lowers the EMI but raises total interest.

Annual land tax/revenue paid to the Malpot. A clear Tiro receipt shows the land's dues are settled — important before any sale.

The legal right of ownership of a property, evidenced in Nepal by the Lalpurja and the Malpot's records. A 'clean title' is free of disputes and encumbrances.

Verifying ownership history, boundaries (Char Killa), encumbrances and Tiro status at the Malpot and Survey Office before buying.

A professional estimate of a property's market value, used by banks to set the loan amount (LTV) and by buyers to judge a fair price.

Local government rules that classify land use (residential, commercial, agricultural) and set building limits — check zoning before buying or building.