A mortgage deed records that a property is pledged as security for a loan. Lenders in Pune use either a registered mortgage deed or an equitable mortgage by deposit of title deeds. Stamp duty is a percentage of the loan amount under the Maharashtra Stamp Act, and for equitable mortgages a notice of intimation must be filed with the Sub-Registrar within 30 days.
Registered mortgage vs equitable mortgage
| Registered mortgage deed | Equitable mortgage (deposit of title deeds) | |
|---|---|---|
| How it is created | Mortgage deed signed and registered at SRO | Original title deeds deposited with lender |
| Registration | Compulsory | Not registered, but a notice of intimation is filed (Sec. 89B) |
| Used by | Private lenders, some NBFCs, LAP | Most banks for home loans |
| On repayment | Registered reconveyance / release deed | Title deeds returned; release noted |
Documents required for mortgage deed
Borrower / mortgagor
- Aadhaar and PAN card
- Title deed, Index-II and chain documents
- Property-tax receipt and society NOC
- Loan sanction letter
Lender
- Authorised signatory letter / board resolution
- Loan agreement reference
Property
- Approved plan and occupancy certificate
- 7/12 or property card for land
- Valuation report
How the mortgage deed process works
- Understand the loan
Share the sanction letter; we confirm whether the lender needs a registered mortgage or equitable mortgage.
- Title and valuation
We check the documents the bank will scrutinise and the ready reckoner value.
- Draft and stamp
Mortgage deed drafted in the lender’s format; stamp duty computed on the loan amount.
- Execute and register
Borrower and lender’s representative sign at the SRO, or title deeds are deposited and a notice of intimation filed.
- Hand over
Registered mortgage and Index-II go to the lender; copies to you.
Get your mortgage deed done without the guesswork
Send your details on WhatsApp. We share the exact document list and stamp-duty estimate before you pay anything.
Stamp duty on mortgage in Maharashtra
Stamp duty on a mortgage is calculated on the amount secured, under Article 40 (mortgage deed) or Article 6 (deposit of title deeds) of the Maharashtra Stamp Act. The rate and the upper cap differ by type and loan size, and a mortgage with possession is charged like a conveyance. Because these provisions are amended periodically, we calculate the exact figure for your loan before execution.
Private loans secured on property
Lending to a relative or business associate against their flat? A properly registered mortgage deed protects you: it is notice to the world that the property is charged, prevents a clean sale without your consent and gives you remedies under the Transfer of Property Act. We draft interest, repayment schedule, default and redemption clauses to suit both sides.
Mortgage Deed in Pune, Pimpri-Chinchwad, Mumbai, Thane & Palghar
We handle mortgage deed for clients across these cities. What differs locally:
| City | What to know locally |
|---|---|
| Pune | Registered at Haveli and Pune city Sub-Registrar offices; we draft, stamp and book the appointment. |
| Pimpri-Chinchwad | Registered at Jurisdictional Sub-Registrar office for Pimpri-Chinchwad (Haveli / Maval / Mulshi as applicable); we draft, stamp and book the appointment. |
| Mumbai | Registered at Mumbai City and Mumbai Suburban Sub-Registrar offices; we draft, stamp and book the appointment. |
| Thane | Registered at Thane district Sub-Registrar offices (Thane, Kalyan, Bhiwandi, Ulhasnagar, Ambernath); we draft, stamp and book the appointment. |
| Palghar | Registered at Palghar district Sub-Registrar offices (Vasai, Palghar, Dahanu and others); we draft, stamp and book the appointment. |
Frequently asked questions
What is a mortgage deed?
A mortgage deed is a document by which a borrower transfers an interest in a specific property to a lender as security for a loan, under Section 58 of the Transfer of Property Act.
Is registration of a mortgage deed compulsory?
Yes, a mortgage deed securing ₹100 or more must be registered. Equitable mortgages by deposit of title deeds are not registered as such, but in Maharashtra a notice of intimation must be filed with the Sub-Registrar within 30 days.
Who pays stamp duty on a mortgage — borrower or bank?
The borrower normally pays stamp duty and registration charges, as stated in the sanction letter.
How is stamp duty on a mortgage calculated in Maharashtra?
As a percentage of the loan amount secured, under Article 40 or Article 6 of the Maharashtra Stamp Act, subject to the caps applicable to each article. We compute it for your loan.
What happens after I repay the loan?
For a registered mortgage, the lender executes a reconveyance or release deed that is registered to remove the charge. For an equitable mortgage, title deeds are returned and the release is recorded. See our reconveyance deed service.
