The notice should be filed within 30 days from the date of mortgage.
No. As it is a legal provision and not an administrative order; the time limit can not be
1. For the convenience, of citizens department has introduced online e-filing system which is presently available to Banks/Non Banking Financial Institutes; Citizens can file the notice on line from the banks. The details regarding the process are available on department’s website www.igrmaharshtra.gov.in
2. Apart from the e-filing, as a temporary arrangement, citizens can file the notice physically. The format of notice is enclosed herewith.
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.
In such jurisdiction, the notice has to be filed in the designated offices only. The list of designated offices is enclosed herewith.
The designated offices can accept the notice for filing on any working day in the working hours.
The Stamp Duty is chargeable as per Article 6 of the Maharashtra Stamp Act 1958, i.e. @ 0.1% if the Loan amount is ₹ 500000/- or below, and @ 0.2% if the Loan amount is Rupees above ₹ 500000/-. 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.
The filing fee is ₹ 1000/- irrespective of the Loan amount. In case of physical filing only (and not in the case of on line filing), the document handling charges of ₹ 300/- has to be paid in cash.
In case of e-filing: the Stamp Duty and Filing Charges have to be pay online through the GRAS (www.gras.mahakosh.gov.in)
In case of physical filing: the Stamp Duty and filing charges can be paid through any permissible mode including the GRAS (www.gras.mahakosh.gov.in). If the filing fee has to be paid through DD, then it should be in favor of the respective Sub Registrar office and payable in the respective City. The document handling charges have to be paid in cash.
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
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.
1) In case of preparation of notices and related doubts please contact to your bank
2) In case of grievances, if any, regarding Sub Registrar office, please contact the following offices;