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Undertaking to Create a Mortgage

At a glance

Price
₹199 · GST included
Stamp duty
Stamp as the undertaking it actually is (Punjab/Chandigarh) — wording that creates present security can trigger mortgage duty and registration; don't use this to dodge those.
Registration
Not registered for a future promise; the later mortgage must be, under ss.17/59.
Witnesses
Not required for the promise; the later mortgage has its own attestation rule.

₹199

GST included

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

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

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Also called

  • mortgage creation undertaking
  • promise to perfect security

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 the lender has sanctioned/disbursed credit but the mortgage can't complete immediately — a condition must happen first (deed registration, an old charge released, an authority NOC, or title deeds becoming available). Needs a limited undertaking to create the mortgage by a fixed deadline, without impairing the property meanwhile. Doesn't itself create the mortgage — the later registered instrument (s.59) or deposit mortgage (s.58(f)) still applies. States the condition, deadline, no-encumbrance covenant and consequence of failure.

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 as the undertaking it actually is (Punjab/Chandigarh) — wording that creates present security can trigger mortgage duty and registration; don't use this to dodge those. 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

Not registered for a future promise; the later mortgage must be, under ss.17/59.

Notarisation

Not required unless the lender asks.

Witnesses

Not required for the promise; the later mortgage has its own attestation rule.

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

UNDERTAKING TO CREATE A MORTGAGE

Undertaking date: 1 April 2026

Borrower/proposed mortgagor: Aarav Sharma, Sector 21, Panchkula. Lender: ABC Bank Ltd, Sector 17, Chandigarh. Loan: HL-2026-118.

PROPERTY AND FACILITY

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

PROMISED SECURITY

Intended form: Registered simple mortgage. Completion deadline: 2 April 2026. Condition preceding creation: Property registration in borrower name. Details: Sale deed scheduled for 20 September 2026..

INTERIM COVENANT

Protection before mortgage creation: Borrower will not sell, transfer or further encumber the property inconsistently with lender sanction.

FAILURE

Consequence under the loan arrangement: Lender may withhold further disbursement and treat failure as breach under loan documents..

This undertaking does not itself transfer or create an interest in the property; the stated mortgage must be completed through its legally required instrument/event.

Questions about this document

Does the Undertaking to Create a Mortgage need stamp paper or stamp duty in Punjab and Chandigarh?

Stamp as the undertaking it actually is (Punjab/Chandigarh) — wording that creates present security can trigger mortgage duty and registration; don't use this to dodge those. 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 Undertaking to Create a Mortgage need registration in Punjab and Chandigarh?

Not registered for a future promise; the later mortgage must be, under ss.17/59.

What does the Undertaking to Create a Mortgage cost on Kaagazaat?

₹199, GST included.

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

Does the Undertaking to Create a Mortgage need witnesses?

Not required for the promise; the later mortgage has its own attestation rule.

Often needed with this document

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