A method for correcting errors in location data. The method provides a planned route of travel of vehicle to server system. The vehicle uses planned route to travel on a route of travel. The vehicle records location measurement raw data of vehicle using location measurement system in vehicle during travel. Moreover, the vehicle determines a relative location of each object of a plurality of objects present in a vicinity of the route of travel. The vehicle acquires a portion of a first set of location correction data streams from the server system. The vehicle utilizes the acquired portion of the first set to determine errors in the location measurement raw data to derive correct location data of the vehicle. A correct location of each object is derived based on the derived correct location data of vehicle for georeferencing plurality of objects.