stamp duty paid on mortgage deed

This query is : Resolved 
 

(Querist)
11 August 2009

sir

pl. tell me the stamp duty payable on mortgage deed in maharashtra when bank does equitable mortgage


A V Vishal (Expert)
11 August 2009

Mortgage Deed



a)Where possession is given:
Same duty as on conveyance on the
amount secured by the deed


b)Where possession is not given:
Rs. 5 for every Rs. 1,000 or part thereof (approx. 0.5%); subject to a Maximum of Rs. 10,00,000 and a Minimum of Rs. 100


PRACHI (Querist)
11 August 2009

sir i haven't understood sir I want to know the stamp duty payabe on mortgage deed of Co-operative banks

A V Vishal (Expert)
12 August 2009

for how much is the property being mortgaged. Assume the property is mortgaged for Rs.1.00 Lac, in such case the stamp duty payable will be Rs.500 viz.0.5% of the amount

PRACHI (Querist)
12 August 2009

sir stamp duty payable on mortgage deed in maharashtra while granting loan by credit society and in case of equitable mortgage



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