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Second Charge Creation Letter

At a glance

Price
₹99 · GST included
Stamp duty
Stamp per its actual legal effect (Punjab/Chandigarh) — no mortgage duty is satisfied unless it itself creates security.
Registration
Doesn't replace the mortgage instrument itself; register under ss.17/59 if needed, plus CERSAI filing.
Witnesses
None here; the mortgage deed carries its own witness rules.

₹99

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

  • second mortgage creation letter
  • subordinate charge request

Whether you can fill this in here

You can fill this in here

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 a property carries a first mortgage and a second-ranking security is being created — not unencumbered, since existing security documents may bar further charges and the first lender's NOC is usually essential first. States the first lender, existing charge, outstanding, consent reference and ranking — this letter alone doesn't create a valid mortgage (s.59 needs a registered deed; a deposit needs s.58(f)), and CERSAI filing must follow. A ranking/control letter, not a shortcut around the first lender.

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

Stamp per its actual legal effect (Punjab/Chandigarh) — no mortgage duty is satisfied unless it itself creates security. Buy the stamp by signing (s.17); if unclear which article applies, adjudicate (s.31). Unstamped instruments are inadmissible until duty+penalty are paid (s.35).

Registration

Doesn't replace the mortgage instrument itself; register under ss.17/59 if needed, plus CERSAI filing.

Notarisation

Not required for this letter itself.

Witnesses

None here; the mortgage deed carries its own witness rules.

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

SECOND CHARGE CREATION LETTER

Date: 1 April 2026

Borrower/security provider: Aarav Sharma, Sector 21, Panchkula. Proposed second-charge lender: ABC Bank Ltd, Sector 17, Chandigarh. Loan: HL-2026-118.

PROPERTY

Property: Plot 118, Sector 66, SAS Nagar, Punjab (Residential house/plot), Plot 118, Sector 66; conveyance deed 2345/2022., Punjab. Second facility amount: ₹90,00,000 (Rupees Ninety Lakh only).

EXISTING FIRST CHARGE

First lender: First Bank Ltd. Reference: Mortgage 118/2024; CERSAI 22AA118. Outstanding: ₹50,00,000 (Rupees Fifty Lakh only).

CONSENT AND RANKING

Basis: First lender NOC/consent obtained. Consent/NOC: NOC dated 10 September 2026 Ranking: Second and subordinate to the identified first charge.

SECOND SECURITY

Obligations: Loan against property facility HL-2026-118 and agreed interest/charges.. Filing/security process: Underlying second-charge mortgage/security instrument will be registered/filed as required.

No second charge is represented as effective before the consent/ranking conditions and legally required mortgage/security formalities are completed.

Questions about this document

Does the Second Charge Creation Letter need stamp paper or stamp duty in Punjab and Chandigarh?

Stamp per its actual legal effect (Punjab/Chandigarh) — no mortgage duty is satisfied unless it itself creates security. Buy the stamp by signing (s.17); if unclear which article applies, adjudicate (s.31). Unstamped instruments are inadmissible until duty+penalty are paid (s.35).

Does the Second Charge Creation Letter need registration in Punjab and Chandigarh?

Doesn't replace the mortgage instrument itself; register under ss.17/59 if needed, plus CERSAI filing.

What does the Second Charge Creation Letter cost on Kaagazaat?

₹99, GST included.

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

Does the Second Charge Creation Letter need witnesses?

None here; the mortgage deed carries its own witness rules.

Often needed with this document

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