kavksatyanarayana (subregistrar/supdt.(retired)) 28 December 2019
the lawyer fees depend on your case. In most of the States, the stamp duty and registration fees for MODT are less the Mortgage deeds.
G.L.N. Prasad (Retired employee.) 29 December 2019
Only the memorandum may require registration in some states. But I do not know where advocate enters into the picture of fees, when ther memorandum in uniform format and the borrower/lender can present that instrument for getting such mortgage.
T. Kalaiselvan, Advocate (Advocate) 29 December 2019
If you are planning to avail mortgage loan, why do you have approach an advocate, you can approach the bank or the NBFC directly and enquire about the further formalities including the stamp duty and all other formalities to be complied for availing this loan.
Sankaranarayanan (Advocate) 04 January 2020
Nothing more to to be added , i do endorse the experts suggestions
Archana Pandey 12 January 2022
Memorandum of Deposit of Title Deed (MODT) is executed for a mortgage by depositing the title documents of the property with the bank at your own free will. Government levies a stamp duty for the registration charges. Stamp duty charges can vary from state to state. This is charged on some percentage of the home loan. Legal fees are charged when banks opt external lawyer to validate the legal aspects of your home loan.