Mortgage Deed

Documents to be enclosed –

1. Two copies of original mortgage deed (with Rs.10/- stamp affixed on each deed)
2. A letter from bank/financial institution for registering the mortgage
3. Original Parcha/ Lease Deed from UD/HD
4. Non-encumberance Certificate

After the enclosed documents are verified, notices are issued to mortgagers family members, boundary holders and various banks and financial institutions and from whom NOC’s are required in return. If no objections are received, then the mortgage deed is registered by the Sub-Registrar (S.D.M.). In special cases, the registration is done by the Registrar (D.C.). Additionally, the mortgager also have to pay registration fees (amount corresponding to amount of loan) by means of challan or bearer’s receipt and stamp duty of Rs 10.

Time: 15 days + 1 day for processing of documents

Visit: http://mangan.nic.in/

Office of the Sub-Divisional Magistrate

Location : District Administrative Centre | City : Mangan, North Sikkim | PIN Code : 737116