A Notice of Intimation (NOI) is a mandatory online filing made with the Sub-Registrar to inform the government about a mortgage transaction, especially in cases of equitable mortgage (deposit of title deeds).
Yes. As per the Maharashtra Stamp Act, filing NOI is mandatory for mortgage transactions with banks and financial institutions.
NOI must generally be filed within 30 days from the date of mortgage/loan sanction or deposit of title deeds.
The borrower or their authorized representative typically files the NOI. Many clients prefer professional service providers to ensure accurate and timely filing.
Delay or non-filing may attract penalties and can create legal or compliance issues with the bank and authorities.
In most cases, NOI is filed online. Physical presence is usually not required unless specifically instructed by authorities.
Stamp duty depends on the loan amount and government rules. It is calculated as per Maharashtra IGR guidelines.
When done correctly, NOI filing is usually completed within a short time. The acknowledgement is generated after successful submission.
Yes. Most banks require NOI acknowledgement as proof of compliance for mortgage processing.
Corrections may be possible in limited cases but can be time-consuming. Accurate filing from the start is strongly recommended.
