Mortgage Deed Registration in Uttar Pradesh—including Gautam Budh Nagar—is the legal process of recording a mortgage agreement between a borrower and lender, where immovable property is pledged as security for a loan. This is governed by the Registration Act, 1908 and the Uttar Pradesh Stamp Act, and is overseen by the Stamp and Registration Department of Uttar Pradesh.
What Is a Mortgage Deed?
A Mortgage Deed is a legal document that:
- Establishes the terms under which property is mortgaged
- Includes details of the borrower (mortgagor), lender (mortgagee), loan amount, interest rate, repayment terms, and property description
- Is enforceable in court if the borrower defaults
Registration Process in Gautam Budh Nagar
1. Draft the Mortgage Deed
- Include all legal clauses: loan amount, repayment schedule, interest rate, default terms, and property details
2. Calculate Stamp Duty & Registration Fee
- Stamp Duty:Typically 0.5% to 2% of the loan amount, depending on the type of mortgage
- Registration Fee: 1% of the loan amount.
3. Online Preparation via IGRSUP Portal
- Visit IGRSUP
- Fill in property and party details
- Generate challan for stamp duty and registration fee
- Book appointment with the Sub-Registrar Office
4. Visit Sub-Registrar Office
- Both borrower and lender must be present
- Submit original documents and ID proofs
- Biometric verification and photographs are taken
5. Registration & Certified Copy
- Once verified, the deed is registered
- A certified copy is issued to both parties
Legal Importance
- Protects the lender’s interest in case of default
- Essential for enforcing mortgage rights in court
- Required for banks and financial institutions to disburse secured loans
Would you like help drafting a mortgage deed or estimating stamp duty based on your loan amount?