MODT/Mortgage Registration

The borrower typically pays MODT charges , as it's part of the standard home loan closing costs required to register the lender's security.

MODT is a type of mortgage documentation, while a mortgage deed is a broader legal document used to create or record a mortgage. MODT is commonly used by banks for home loans, while the exact deed and registration requirements depend on the transaction and state laws.

Karnataka charges 0.5% stamp duty plus 0.1% registration fee on your loan amount roughly 0.6% total, along with additional document scanning fee, cess, surcharge which is not part of 0.6%

The lender prepares the MODT document with loan and property details, stamp duty is paid, and it's registered at the Sub-Registrar's office.

No, MODT stamp duty and registration charges are generally non-refundable, even if you prepay or close your loan early.

Apply 0.5% stamp duty plus 0.1% registration fee to your sanctioned loan amount, plus minor scanning charges see our pricing card above.

Cancellation itself typically needs registration at the SRO, though charge payment can be done online via the Khajane-2 (K2) portal.

It legally records your property as loan security, protecting the lender and creating a public record via the Encumbrance Certificate.

Stamp duty on MODT is generally mandatory and cannot be avoided for a registered home loan; some family transfers may have separate concessions.

MODT stands for Memorandum of Deposit of Title Deed the document recording your property's deposit as security for a home loan.