Stemp duty on mortgage deed

ketan Chandrani (Querist) 12 January 2015 This query is : Resolved
In Gujarat state registration of mortgage is compalsary. What is stamp duty on equitable mortgage deed?

Follow Query

Report Abuse

Sailesh Kumar Shah (Expert) 13 January 2015
Stamp duty is not same in whole India.
So,Contact local advocate or sub registrar.

Rajendra K Goyal (Expert) 13 January 2015
In most of the states there is no stamp duty on equitable mortgage. You can confirm from local lawyer in your case.

Guest (Expert) 13 January 2015
Agree with Expert Mr.Shailesh Kr.Shah

ajay sethi (Expert) 13 January 2015
check stamp act as applicable to gujrat

Isaac Gabriel (Expert) 13 January 2015
Eqitable Mortgage is nothing but deposit of title deeds.No registratio.

malipeddi jaggarao (Expert) 13 January 2015
the querist says that in Gujarat registration of mortgage is compulsory. He did not specify whether it is equitable mortgage or legal mortgage. Hence the suggestion that no registration is required for equitable mortgage, perhaps may not be solution for his query. Even in case of equitable mortgage, in many States recently a letter is being sent to Sub-Registrar stating that the title deeds are deposited for obtaining loan by the mortgagor and acknowledging the title deeds by the mortgagee, for which payment of registration fee (as per separate schedule0 is required to be paid.

Stamp Duty/Registration rules differ from State to State. The author can contact Sub-Registrar Office for this purpose.

T. Kalaiselvan, Advocate (Expert) 17 January 2015
In general the equitable mortgage deed is not registered in most of the states, however if it is compulsory in Gujarat State, you may clarify the stamp duty payable by visiting the local SRO or by browsing the department of registration site meant for it.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries