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Receipt Deed
Receipt deed is a document acknowledging that a person has received money or property in payment following a sale or closing/reimbursement of loan/debts or other transfer of goods/things or provision of a service.
In common parlance, this receipt deed is usually used in cancelling the Memorandum of Deposit of Title Deed in pursuance of reimburse the entire loan amount. While obtaining a loan from the bank, the borrower executes the Memorandum of Deposit of Title Deed pertains to his/her immoveable property in favour of Banker/Mortgagee.
Typically, it’s the duty of the mortgagee or Housing Finance Company to cancel the MODT (Memorandum of Deposit of Title Deed) after the closure of the bank loan. But most mortgagee in India thrust the duty onto the borrowers (mortgagor). So, when collecting documents from the mortgagee after the settlement of your loan, do not take the MODT.
Instead, insist on the mortgagee Receipt deed the MODT and giving you a “Deed of Receipt” executed by the Banker/mortgagee in favour of the Debtor/mortgagor.
In order to get the receipt deed be registered in the jurisdictional register office, the following documents are required
1. .Original MODT
2. Bank representative (Mortgagee – Executant) Office ID
3.Authorization Letter from the bank that bank representative is the authorized person for executing the Receipt deed of MODT (if applicable)
4. ID proof for 2 Witnesses
What are the documents required for property registered in sub registrar office ?
We have experience Document writer to provide assistance in this. We will proceed the document legally under well versed Advocate We prepare the Receipt deed Draft and send it to email & whatsapp within 3 hours, please confirm the details (its name and father name, address property details), the copy of a printed document will be sent through your address
RECEIPT DEED MODEL
If requested we will fix you an appointment in online and a token will be generated from the official tnreginet website.
If requested we will also guide you in the registrar office in person.
what are the required documents for preparing receipt deed?
- Executant and claimant Aadhar and Pan card copy
- Executant and claimant An Company? Must Represented Person Aadhar Copy Must
- MORTGAGE DEED COPY
- New TSLR/ PATTA copy
- Receipt deed value
What is required for a token to be generated?
- Prepared document
- Executant and claimant Aadhar and Pan card copy
- Executant and claimant An Company? Must Represented Person Aadhar Copy Must
- Appointment date & time
- Document Return person
- Executant and claimant, Mobile Number & Email id required
What documents must be submitted to the sub-registrar office during property registration?
Online Follow
- Online appointment.
- Stamp duty & registration Charges, payment paid online slip.
Documents
- Executant An Company? Must Represented Person SEAL With sign, Aadhar and PAN Original & Copy With resolution original must
- Is Previous document registered in other sro? Must required Certificate copy of the document.
- MORTGAGE DEED Originals.
- Claimants not necessary in sub registrar office, their may come, no issue
ID PROOF
- Executant Aadhar and Pan card Original or Xerox
- Online updated Two Witness should be present in sub registrar office, with Original id and Xerox.
How to register your prepare documents in registrar office?
- First you will be meet the head clerk, in Sub-registrar office and get your documents and id proof verified.
- Then the sub-registrar will be checking the documents and then verify it.
- Then there will be biometric verification with AADHAR and the photoshoot has to be taken
- Then the receipt will be generated.
- Finally you will sign the ledger of the office assistant.
When and how can a registered document be returned?
- Online related problems in subregistrar office ? After solved subregistrar office dispatch the document.
- Due to documents pending? when return decision for sub registrar?
- Otherwise with in 1 hour