Why choosing a Notice of Intimation?
Choosing a Notice of Intimation can be beneficial for various reasons, depending on the individual's circumstances and needs.
- Legal Experts:
Legal professionals, also known as legal practitioners or legal practitioners, are individuals who specialize in matters relating to law and the legal system. - Value for Money:
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. - Security:
Ensuring security of information is essential to protect the confidentiality, integrity and authenticity of the information submitted.
Ensuring security of information is essential to protect the confidentiality, integrity and authenticity of the information submitted
| Sr.No. | Types of Property Transfer | Necessary Documents |
|---|---|---|
| 1 | Type of Flat / Property Purchase | (1) Purchase agreement, (2) Index II, (3) Share certificate of society if a society, (4) Non-Objection certificate of society, (5) Property Tax non-Objection certificate |
| 2 | Open Property | (1) Extract of 7/12, (2) Property Tax No-Objection Certificate |
| 3 | Juna Wada, Bungalow, Peth | (1) Copy of Property Card, (2) Property Tax Non-Objection Certificate |
| 4 | Register Heirs | (1) Death Certificate, (2) Will, (3) Deed of Partition, (4) Non-Objection certificate of society, (5) Gift Deed, (6) Affidavit (Regarding Inheritance), (7) Property Tax Non-Objection Certificate |
| 5 | Flood Affected Settlements | Hon. Copy of Field Register from Collector's Office and Hon. Standing Committee Resolution / Letter no. Nasja/5144, dt. 4-2-2010 Affidavit to name original owner as recovery, Income-tax no-obligation certificate |
Why Choose Shivay Services for Your Rental Agreement 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.
Frequently Asked Questions
Yes, e-Filing of Notice of Intimation in case of mortgage by the method of Deposit of deed of conveyance came into effect from 1st April 2013. E-filing means online 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 cannot be extended.
It provides facility of online registration of Notice of Intimation to citizens:
- 1) Prepare the Notice
- 2) Pay Stamp Duty, Registration Fee & DHC
- 3) Execute it
- 4) Aadhar Authentication (Verification)
- 5) View & Download the draft Notice. Verify Bank Officer.
- 6) Modify if required
- 7) Sign it and after attesting by the concerned bank officer with his name, seal, and signature, date.
- 8) Upload NOI file and Submit it
- 9) Get it registered
- 10) Registered Notice Copy, Receipt, Index-2 Send file through Email.
All these activities can be performed from anywhere anytime, without going physically to Sub Registrar Office.
- 1) Memorandum Agreement
- 2) 0.3% of the Loan Amount E-challan/eSBTR / Stamp Papers / Franked
- 3) Sanction Letter OR Bank Letter
- 4) List of Documents Deposited
- 5) Agreement Draft Copy Builder and Customer
- 6) All Borrowers Pan Card & Aadhar Card (Compulsory)
- 7) All Borrowers Mobile No & Email id (Compulsory)
- 8) All Borrowers any one id card below (Compulsory):
- 9) Self Attested Identity proof of Banks Representative signing the "Notice of Intimation" (For Offline)
- 10) All Documents signed and stamped by the Banks & customer.
• 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 different Registration Jurisdictions, then separate notices have to be filed to 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 will receive the documents via email or WhatsApp.
a) The Stamp Duty is chargeable as per Article 6 of the Maharashtra Stamp Act 1958 and has to be paid on the Notice at 0.3% of the Loan amount.
b) If the stamp duty as above is paid on any other document like Memorandum or agreement for the 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/- (fixed) irrespective of the Loan amount.
b) The document handling charges (DHC) of ₹ 300/- (fixed).
c) Shivay Service Charges - Extra
In case of e-filing: the Stamp Duty and Filing Charges have to be paid online through the GRAS.
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.
No.
No.
In case of preparation of notices Shivay Service legal Team and related doubts, grievances please contact your bank only.