Step 1: Factorize the first pair of straight lines.
Given,
\[
12x^2+7xy-12y^2=0
\]
We factorize it as
\[
(3x+4y)(4x-3y)=0
\]
Therefore, the two lines are
\[
3x+4y=0
\]
and
\[
4x-3y=0
\]
Step 2: Factorize the second pair of straight lines.
Now consider
\[
12x^2+7xy-12y^2-x+7y-1=0
\]
Using the same linear factors, write it as
\[
(3x+4y+a)(4x-3y+b)=0
\]
Expanding,
\[
(3x+4y+a)(4x-3y+b)
\]
\[
=12x^2+7xy-12y^2+(3b+4a)x+(4b-3a)y+ab
\]
Comparing with
\[
12x^2+7xy-12y^2-x+7y-1,
\]
we get
\[
3b+4a=-1
\]
\[
4b-3a=7
\]
\[
ab=-1
\]
Solving gives
\[
a=-1,\quad b=1
\]
Hence, the second pair is
\[
(3x+4y-1)(4x-3y+1)=0
\]
So the two lines are
\[
3x+4y-1=0
\]
and
\[
4x-3y+1=0
\]
Step 3: Observe the four lines.
The four lines are
\[
3x+4y=0,\quad 3x+4y-1=0
\]
and
\[
4x-3y=0,\quad 4x-3y+1=0
\]
The first two lines are parallel.
The last two lines are also parallel.
Step 4: Check the angle between the two directions.
The slopes of
\[
3x+4y=0
\]
and
\[
4x-3y=0
\]
are respectively
\[
-\frac{3}{4}
\]
and
\[
\frac{4}{3}
\]
Their product is
\[
-\frac{3}{4}\cdot \frac{4}{3}=-1
\]
Thus, the two directions are perpendicular.
So, the figure formed is a rectangle with perpendicular adjacent sides, that is, a square.
Step 5: Find the distance between the parallel lines.
Distance between
\[
3x+4y=0
\]
and
\[
3x+4y-1=0
\]
is
\[
\frac{|0-(-1)|}{\sqrt{3^2+4^2}}
\]
\[
=\frac{1}{5}
\]
Similarly, distance between
\[
4x-3y=0
\]
and
\[
4x-3y+1=0
\]
is
\[
\frac{|0-1|}{\sqrt{4^2+(-3)^2}}
\]
\[
=\frac{1}{5}
\]
Step 6: Find the area.
Since both perpendicular distances are equal, the figure is a square of side
\[
\frac{1}{5}
\]
Therefore, area is
\[
\left(\frac{1}{5}\right)^2
\]
\[
=\frac{1}{25}
\]
Step 7: Final conclusion.
Hence, the two pairs of straight lines constitute a
\[
\boxed{\text{square of area } \frac{1}{25}\text{ sq. units}}
\]