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Ranjit (Relationship Manager)     17 November 2011

Registration fee

I have a query and it is .

I Have an client in delhi and he got sanction of a loan of Rs. 52 crores from a bank against the 7 colletral security out of these securities 3 has to be registered mortgage. And as per delhi registrartion fee amendmend 1% of the consideration amount or circle rate which is higher has to be paid to the registrar. Property to be registered mortgage has a value of 13 crores.

  And mine question is that whether the client needs to pay 52 lacs as registration fee as 1% of the loan amount or Rs. 13 lacs 1% as the value of the property to be registered mortgage.

 

Kindly reply soon.



Learning

 1 Replies

V R SHROFF (Sr. ADVOCATE Bombay High Court Mob: 9892432152)     19 November 2011

consideration amt/ or market value, whichever is is higher. is considered for registraton fees. loan amt is not relevent 


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