Faliure to intimate mortgage by way of deopsit of title deed
ajit oswal
(Querist) 20 January 2014
This query is : Resolved
respected expert,
I am ajit oswal. I have purchased a property in kalyan,thane district, Maharashtra state, I have taken loan from state bank of Bikaner and Jaipur in month of November my loan was passed and the payment has been made to builder. But I have failed to register the notice of intimation regarding mortgage by way of deposit of title deed within 30 days. Although I have visited subregestors office in January 2014 they told me that the demand draft of rs 1000 is no more acceptable and I have to make on line payment.Scince the new law was applicable from 1st of January 2014 no body in office exactly knew where I have to do online payment,by the time I made payment online the 30 days were over.now when I visit the subregistors office they say I have to pay a penalty of rs 33000 (1% of the loan amount)I want to know wether this kind of panelty is payable if no suggest me what can I do
thanking you
regards
ajit oswal
Rajendra K Goyal
(Expert) 20 January 2014
Find out if any authority is empowered to wave this penalty on justified grounds and if so approach the same and show him all the particulars.
