Benefits of choosing Notice of Intimation
Choosing a Notice of Intimation can be beneficial for various reasons, depending on the individual's circumstances and needs.
E-filing of notice of intimation in case of mortgage by way of deposit of title deed came into effect on April 1, 2013. E-filing means online or electronic filing of notices of intimation of mortgage of property specified in Section 89B of the Registration Act, 1908.
These amendments have been carried out in order to safeguard the interests of banks and society. Earlier, the agreement / intimation relating to mortgage by the way of deposit of title deed was out of the public domain.
Due to this, there was scope for fraudulent practices like availing loans from multiple banks on same property or disposing of the property which is already mortgaged. Therefore, these amendments have been brought with the objective of preventing such frauds.
Yes, e-Filing of Notice of Intimation just in case of mortgage by the method of Deposit of deed of conveyance came into impact from 1st April 2013. E-filing suggests that on-line or electronic filing of notices of intimation of mortgage of property under Section 89B of the Registration Act, 1908.
The notice should be filed within 30 days from the date of mortgage.
The non-registration of agreement / non-filing of notice of intimation may defeat the legality of the mortgage and cause injury to the interests of parties involved. Any person who fails to file such notice within the prescribed time limit shall be liable for punishment under section 89C of the Registration Act, 1908.
Registration Act, 1908 Section 89C- Any person who failed to file a notice under section 89B to the registering officer along with fees, within the period specified in that section, shall be punished with imprisonment for a term which shall not be less than one year but which may be for a term which may extend to three years and shall also be liable to fine.
No. As it is a legal provision and not an administrative order; the time limit can not be extended.
It provides facility of online registration of Notice of Intimation to citizen,
1• Property Details
2• Bank Name, Branch Location, Address
3• MICR No.
4• In Details of the Branch where documents have been deposited, Branch?
5• Loan Amount and Interest Rate.
6• All Party Details and information
• Driving License
• Election Card
• Ration Card
• Passport
• Company Card
• Service Identity Card State and Central Gov. Employee.
The notice has to be filed to the Sub Registrar office, within whose jurisdiction the property (of which the title deeds are deposited) is situated.
1) If all the properties are situated within the same Registration Jurisdiction, then a single notice containing information of all properties and their title deeds is sufficient.
2) If the properties are situated within the different Registration Jurisdiction, then the separate notices have to be filed to the every Sub Registrar of whose jurisdiction the property (of which the title deeds are deposited) is situated. For such notices, the filing fees and document handling charges have to be paid separately.
No. you get email or whatsapp through.
a) The Stamp Duty is chargeable as per Article 6 of the Maharashtra Stamp Act 1958has to be paid on the Notice 0.3% on Loan amount.
b) If the stamp duty as above is paid on any other document like Memorandum or agreement for same loan transaction then Stamp Duty of ₹ 100/- has to be paid on the notice.
a) The filing Registration fee is 0.5% or Maximum Rs 15,000/- (fix) irrespective of the Loan amount.
b) The document handling charges (DLC)of ₹ 300/-(fix).
c) Shivay Service Charges - Extra
In case of e-filing: the Stamp Duty and Filing Charges have to be pay online through the GRAS
Gras-https://gras.mahakosh.gov.in/igr/
DHC -https://igrdhc.maharashtra.gov.in/dhc/
a) Get the notice prepared in the prescribed format.
b) Pay the proper Stamp Duty
c) Affix the photographs and put the signature/s thumb impression/s of the mortgagor/s
d) Get it verified from the bank (the proper officer of a bank has to put the signature with his seal)
e) The mortgagor has to submit it to the Sub Registrar along with a photocopy of the notice.
f) If Stamp Duty as per Article 6 is paid on another document and ₹ 100/- is paid on the notice, then the attested true copy of another document has to be submitted along with the notice.
g) Sub Registrar after verification of Stamp Duty, shall pass receipt of the filing fee and document handling charges, and shall give an acknowledgment on the photocopy of the notice.
h) Following documents are not required:
1) Covering letter from the bank,
2) Receipt of the Stamp Duty paid on the notice,
(if it is of ₹ 100/ or franking is done by the concerned bank )
3) Copy/s of the title deeds deposited with the banks
In case of preparation of notices Shivay Service legal Team and related doubts,Grievances please contact to your bank only.
After Submission Document to SR office take time 5 Day. for Registration. More then Extra 5 days If Gov. Holiday and haveli SRO, Technical and official Problem (ex. Server Off, upgrade) time be extend to resolve problem time
The Citizen should not claim to be the Shivay Services or Government officer or Government appointed officer to register the documents. The decision on Registration will be taken by Sub Registrar only. Shivay Services is only the facilitator for e-Registration. Therefore Shivay Services Not involved in any of such activities in which he/she/it is portrayed as an (Govt. or Govt. authorized agent) responsible for doing Registration of documents.
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Legal professionals, also known as legal practitioners or legal practitioners, are individuals who specialize in matters relating to law and the legal system.
When considering "value for money" in the context of a Notice of Intimation, several factors come into play:Clarity and Effectiveness, Timeliness,Cost-Efficiency etc.
Ensuring security of information is essential to protect the confidentiality, integrity and authenticity of the information submitted.