We have intended to obtain loan on Mortgage by deposit of title deeds (Equitable Mortgage) from our Bankers. The immovable property is situated at a village in Maharashtra. We seek your legal advise on the following points: -
01. Whether the Mortgage by deposit of title deeds attracts stamp duty?
02. Whether registration of the Mortgage by deposit of title deeds is mandatory?
03. Can we execute Mortgage by deposit of title deeds of immovable properties of Maharashtra at another location i.e. Delhi / Ahmedabad ? (Our and Bankers offices situated on both places).
