When applying for a mortgage by way of deposit of title deeds, borrowers are required to file a Notice of Intimation (NOI) under the Maharashtra Registration Act. Understanding the NOI in home loan applications is crucial to ensuring the legality of the mortgage and preventing potential frauds or disputes.
A Notice of Intimation is a legal filing made by a borrower with the Sub-Registrar’s office when a mortgage is created by depositing title deeds without executing a registered agreement. It is a mandatory requirement under Section 89B of the Registration Act, 1908, and must be filed within 30 days from the date of mortgage to ensure its validity.
NOI filing validates the mortgage and ensures compliance.
Without an NOI, the mortgage may not be legally recognized by authorities.
Prevents multiple loans or sale of mortgaged property.
Late NOI filing may lead to penalties under Section 89C.
The lender issues a sanction letter outlining terms and mortgage structure.
Ensure all necessary documents (ID proofs, Index II, loan letter, etc.) are in place.
File the NOI online via the Government of Maharashtra’s e-filing portal.
Pay stamp duty (0.1% or 0.3%) and any applicable facilitation fees.
On successful submission, a confirmation receipt is generated.
Yes, charges are applicable while filing a notice of intimation. In Maharashtra, stamp duty is:
Additional charges may include service or facilitator fees if professional help is availed. These charges apply only after the mortgage is created and NOI needs to be filed.
