DEPOSIT OF TITLE DEPOSIT OF TITLE DEEDSDEEDS

EQUITABLE MORTGAGEEQUITABLE MORTGAGE

PREPARATION OF DEED PREPARATION OF DEED

ALWAYS NOT NECESSARY MERE ALWAYS NOT NECESSARY MERE DEPOSITINGDEPOSITING

TITLE DEEDS WILL CREATE A EQUITABLE TITLE DEEDS WILL CREATE A EQUITABLE MORTGAGEMORTGAGE

IF WRITTEN DEED IS PREPARED IT MUST BE IF WRITTEN DEED IS PREPARED IT MUST BE EXECUTED AND REGISTEREDEXECUTED AND REGISTERED

MERE PREPARATION OF MOMORANDUM MERE PREPARATION OF MOMORANDUM OF DEPOSIT OF TITLE DEED NEED NOT OF DEPOSIT OF TITLE DEED NEED NOT

BE REGISTEDBE REGISTED

NEW LAW - MaharashtraNEW LAW - Maharashtra

IF DEED OF DEPOSIT OF TITLE DEED IF DEED OF DEPOSIT OF TITLE DEED REGISTERED NOTING IS NOT NECESSARY REGISTERED NOTING IS NOT NECESSARY

OTHERWISE NOTING IS MANDATORY UNDER OTHERWISE NOTING IS MANDATORY UNDER SECTION 88B OF THE REGISTRATION ACT, 1908SECTION 88B OF THE REGISTRATION ACT, 1908

STAMP DUTYSTAMP DUTY

0.2% of the Security amount0.2% of the Security amount

Only in Notified Towns to facilitate the Only in Notified Towns to facilitate the easy process of financial facility easy process of financial facility arrangementsarrangements

Applicability Applicability

This PPT is not a legal advice it is This PPT is not a legal advice it is only for the information purposeonly for the information purpose

DISCLAIMERDISCLAIMER

In the public interestIn the public interest

PREPARED BYPREPARED BY

MYLAWHOUSE.INMYLAWHOUSE.INmylawhouse@gmail.commylawhouse@yahoo.comMob:9833843250Mob:9833843250