extension of mortgage

Originally posted by : Rajnish Kumar
	There is already sanctioned credit facility to proprietary firm against registered mortgage of immovable property. Now additional limit is being sanctioned/ released against same registered mortgage property. is it necessary to update or pay stamp duty for balance limit at concern registrar regarding additional limit has been sanctioned or what's the procedure for sanction additional limit over property which is already registered in favour of financial institutions?

Where did you mortgaged immovable property i.e., who is the financial institution?

What is the property mortgaged ? 

You have stated that, "...Now additional limit is being sanctioned/ released against same registered mortgage property.." who has sanctioned/ released additional limit ? What are the terms and conditions of additional limit ?

A fincancial institution can afford professional consultation.

As per the laid down norm in the Banks/FI the additional mortgage has to be registered, as stamp fee is on the amount lent, and not registering the additional advance amounts to an evasion of stamp fee.