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Form No. 9: Record of Mortgage by Deposit of Title - Deeds

A mortgagor deposited title deeds of their immovable property, including land measuring a certain area and a building, with a mortgagee to create security for repayment of a loan of a certain amount along with interest. The mortgagor signed a letter to the mortgagee on a certain date acknowledging the deposit of title deeds and terms of the loan to create a mortgage by deposit of title deeds, which does not require stamp duty under national law but may require it under state law and does not need registration.

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73 views1 page

Form No. 9: Record of Mortgage by Deposit of Title - Deeds

A mortgagor deposited title deeds of their immovable property, including land measuring a certain area and a building, with a mortgagee to create security for repayment of a loan of a certain amount along with interest. The mortgagor signed a letter to the mortgagee on a certain date acknowledging the deposit of title deeds and terms of the loan to create a mortgage by deposit of title deeds, which does not require stamp duty under national law but may require it under state law and does not need registration.

Uploaded by

MayurRawool
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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307

Form No. 9
Record of Mortgage by Deposit of
Title - Deeds
To,
(Name of Mortgagee)
(Address)
Sir,
I have to record that I have this day deposited with you the title-deeds
(as per List hereto attached) relating to my immoveable property situate at
... and consisting of land admeasuring about ... Sq.Metres and bearing
S.No. ... with a building thereon being Municipal No. ... with intent to create
a security thereof for repayment of the loan of Rs. ... lent and advanced by
you to me, this day, with interest @ . . . . . p. c. per annum.
Dated this ... day of ...
Yours faithfully,
(Mortgagor)

Note : This will not require any Stamp Duty under the Indian Samp Act 1958 but will
attract Stamp Duty under the Bombay Stamp Act in Maharahstra under Article 6. No
Registration also will be required.

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