Maharashtra MODT, Notice of Intimation & CERSAI charges calculator
Borrowers in Maharashtra are often surprised by a second stamp duty demand on the day of loan disbursement — even after paying 5% to 7% stamp duty on their flat purchase agreement. This is the Memorandum of Deposit of Title Deeds (MODT) stamp duty under Article 6 of the Maharashtra Stamp Act (0.3% of the sanctioned loan amount), accompanied by mandatory e-filing of a Notice of Intimation within 30 days under Section 89B of the Registration Act (₹1,000 filing fee + ₹300 document handling) and CERSAI registration.
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How this is calculated
MODT Stamp Duty (Equitable) = min(₹20,00,000, Loan Amount × 0.3%)
Statutory Cost = MODT Stamp Duty + Notice of Intimation (₹1,300) + Franking/Adjudication (₹500) + CERSAI (₹59 or ₹118)
- Article 6 Stamp Duty: Computes 0.3% on the sanctioned loan amount for an Equitable Mortgage (MODT) or 0.5% for a Registered Simple Mortgage Deed.
- Notice of Intimation / Registration: Adds ₹1,000 filing fee + ₹300 e-filing handling charge for Equitable Mortgage, or 1% registration fee (capped at ₹30,000) for a Registered Mortgage Deed.
- CERSAI + Bank Charges: Adds CERSAI fee (₹50 or ₹100 + 18% GST) and bank processing/legal fees with 18% GST.
Not a credit decision or tax/legal opinion. Figures are indicative and based on your inputs; confirm final sanction terms, tax applicability and statutory notifications with your lender, insurer or Chartered Accountant.
Questions people ask
What is the MODT stamp duty rate in Maharashtra?
Under Article 6 of Schedule I of the Maharashtra Stamp Act, an equitable mortgage by deposit of title deeds (MODT) attracts stamp duty at 0.3% of the amount secured by the loan deed (up to the statutory cap of ₹20,00,000 for very large corporate loans).
What is the Notice of Intimation under Section 89B?
Whenever an equitable mortgage is created by depositing original title deeds with a bank without executing a registered mortgage deed, Section 89B of the Registration Act (Maharashtra Amendment) makes it mandatory to file an online Notice of Intimation with the Sub-Registrar within 30 days. The statutory filing fee is ₹1,000 plus ₹300 document handling charges.
What are CERSAI charges on a home loan or LAP?
Banks register every equitable mortgage on the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) portal. The fee is ₹50 + 18% GST (₹59) for loans up to ₹5 lakh and ₹100 + 18% GST (₹118) for loans above ₹5 lakh.
Planning a Home Loan, Balance Transfer or LAP in Maharashtra?
We give you a transparent, rupee-accurate breakdown of every statutory and bank charge before you sign the sanction letter.
Stamp duty caps, concessions and SRO handling fees are subject to notifications by the Revenue & Forest Department and IGR Maharashtra. Lenders, regulators and government offices apply their own rules and may round or calculate differently; their figures prevail. Biz Corp Solutions arranges funding through partner banks, NBFCs and financial institutions, and lenders decide sanction, rates and terms. Last reviewed 23 October 2026.