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Memorandum of Deposit of Title Deeds

At a glance

Price
₹399 · GST included
Stamp duty
Punjab: Entry 6, Schedule I-A (2024) covers this at 0.25% of the loan/debt. Chandigarh: neither the schedule nor the calculator prices it — ask the Sub-Registrar or adjudicate (s.31).
Registration
S.58(f), TPA 1882: a deposit mortgage needs delivery in a notified town with intent to secure; s.59 excludes registration.
Witnesses
Not required for a plain deposit record; a restructured mortgage needs its own formality.

₹399

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • MODT
  • memorandum recording equitable mortgage

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

For when title deeds are delivered to the lender to create security and it wants a memorandum recording that. Recognised by s.58(f), TPA 1882, distinct from a s.59 mortgage — risk: a memorandum meant as evidence gets drafted as the instrument itself. States the deposit date/place, inventory, facility, charges, custody, and whether it's a record or operative terms. Punjab's 2024 Entry 6 amendment covers this at 0.25%; check Chandigarh's classification. Don't use if the town isn't notified, or a registered mortgage is needed instead.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Punjab: Entry 6, Schedule I-A (2024) covers this at 0.25% of the loan/debt. Chandigarh: neither the schedule nor the calculator prices it — ask the Sub-Registrar or adjudicate (s.31). Stamp by signing (s.17); unstamped instruments are inadmissible until duty+penalty are paid (s.35).

Registration

S.58(f), TPA 1882: a deposit mortgage needs delivery in a notified town with intent to secure; s.59 excludes registration. A memorandum embodying the bargain itself, not just recording deposit, can trigger s.17 — check wording and local filing first.

Notarisation

Doesn't satisfy s.58(f), or any registration the wording triggers.

Witnesses

Not required for a plain deposit record; a restructured mortgage needs its own formality.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

MEMORANDUM OF DEPOSIT OF TITLE DEEDS

Memorandum date: 2 April 2026

RECITAL OF COMPLETED DEPOSIT

This memorandum records that Aarav Sharma, of Sector 21, Panchkula, delivered the title deeds described below to ABC Bank Ltd, Sector 17, Chandigarh, in connection with loan/facility reference HL-2026-118.

The deposit took place on 1 April 2026 at Chandigarh, ABC Bank Sector 17 branch. The intended legal character of this memorandum is: Record a title-deed deposit already completed with security intent.

PROPERTY TO WHICH THE DEEDS RELATE

The deposited deeds relate to Plot 118, Sector 66, SAS Nagar, Punjab (Residential house/plot), identified as Plot 118, Sector 66; conveyance deed 2345/2022., situated in Punjab.

The principal/facility amount stated for record is ₹90,00,000 (Rupees Ninety Lakh only). The obligations intended to be secured are: Repayment of sanctioned facility, agreed interest and contractually payable charges..

SCHEDULE OF DOCUMENTS DEPOSITED

The lender/depository record should identify each original actually delivered. The present inventory is: Original conveyance deed 2345/2022; allotment letter; mutation copy..

Ownership/title statement for this memorandum: Depositor represents the stated title documents relate to the mortgagor's interest. Current custody position: Lender retains deposited originals until discharge.

Questions about this document

Does the Memorandum of Deposit of Title Deeds need stamp paper or stamp duty in Punjab and Chandigarh?

Punjab: Entry 6, Schedule I-A (2024) covers this at 0.25% of the loan/debt. Chandigarh: neither the schedule nor the calculator prices it — ask the Sub-Registrar or adjudicate (s.31). Stamp by signing (s.17); unstamped instruments are inadmissible until duty+penalty are paid (s.35).

Does the Memorandum of Deposit of Title Deeds need registration in Punjab and Chandigarh?

S.58(f), TPA 1882: a deposit mortgage needs delivery in a notified town with intent to secure; s.59 excludes registration. A memorandum embodying the bargain itself, not just recording deposit, can trigger s.17 — check wording and local filing first.

What does the Memorandum of Deposit of Title Deeds cost on Kaagazaat?

₹399, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Memorandum of Deposit of Title Deeds need witnesses?

Not required for a plain deposit record; a restructured mortgage needs its own formality.

Often needed with this document

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