In all honesty this is not a good idea because land is not fixed.
Think about it, this is year2016 and we have really good GPS systems yet we never define land in terms of coordinates but relative to nearby geographical features. Even developed countries don't, why so?
Because the geography constantly changes. Rivers shift course, mountain ranges shrinking, himalyas getting higher each year consuming in the land on colliding tectonic plates, continents move metres in a decade, new land is always being created, old land i destroyed, etc.
Ownership of land is relative. Not absolute. Mapping it to an absolute entity like a blockchain token would cause conflicts.
We do have digital land records. I don't see why we cannot use the blockchain to replicate it.
If indeed we need relative marking, can't that be achieved through the blockchain as well?
Since complicated assets can be stored on the blockchain as well, relative coordinates shouldn't be a problem.