A Notice of Intimation (NOI) records the mortgage created for your home loan. You file it to inform the sub-registrar that your property is pledged as security. This is a record of the transaction when the home loan agreement is not registered.
What is a Notice of Intimation?
A Notice of Intimation works as a formal entry of your mortgage. It tells the registrar that you have offered your property to secure a home loan. The Government of India introduced this under Section 89B of the Registration Act 1908. The rule applies when you and your lender do not register the home loan agreement.
The Notice of Intimation helps maintain clear property records. It shows that your property carries a mortgage created for your home loan. This prevents confusion during future legal or financial checks. The process is also relevant for a loan against property, where the property acts as collateral for the loan amount.
Why a Notice of Intimation is Important?
A Notice of Intimation prevents multiple mortgages on the same property. It creates one verified mortgage entry at the sub-registrar’s office. This record protects your lender by showing the active home loan. It also helps you avoid disputes during later verification.
Authorities depend on this entry to check the mortgage status. It confirms that the property is under a home loan. It also prevents unauthorised actions connected to the property.
When Should You Must File a Notice of Intimation?
You must file a Notice of Intimation when you do not register the home loan agreement. The 30-day period begins from the first home loan disbursement. You must complete filing within this time.
Filing the Notice of Intimation ensures that authorities update the property record. Without this record, the registrar may not allow transfer or sale. The lender’s written approval becomes necessary in such cases. The entry keeps the mortgage clear in official records and avoids legal delays.
How the Notice of Intimation Works?
The process starts after your lender approves the home loan. You receive a loan sanction letter that lists the home loan amount and terms. The lender then creates an equitable mortgage by depositing the title deed as security.
You must file the Notice of Intimation within 30 days of the transaction. The sub-registrar accepts the form only after document verification. Once filed, the entry stays until your home loan is repaid.
The registrar will not process a property transfer unless the lender confirms full repayment. The Notice of Intimation protects the mortgage throughout the loan period.
Documents Required for Filing
You must arrange specific documents when filing a Notice of Intimation.
Required Documents
These documents support your filing and mortgage entry.
- Loan sanction letter with home loan amount and repayment terms.
- Original sale deed and title deed of the property.
- Identity proof such as Aadhaar card, PAN card, or passport.
- Passport-sized photographs with your signature.
- Letter from the lender confirming the mortgage creation.
- Stamp duty receipt paid through the Government Receipt Accounting System (GRAS).
These documents help the registrar confirm that the home loan and mortgage exist.
Notice of Intimation Filing Process
This process includes clear steps that you must complete in order.
Steps to File
Follow the steps to complete the Notice of Intimation filing.
- Pay the stamp duty of 0.2% of your home loan through the GRAS portal.
- Fix your signed photograph on the Notice of Intimation form.
- Visit your lender’s bank branch for form authentication. The bank official must sign and seal it.
- Prepare the original form and a photocopy.
- Submit both copies to the sub-registrar within the 30-day period. Include all supporting documents.
The sub-registrar checks the documents. If correct, the office records the entry. You receive an acknowledgement stamp on the photocopy.
Notice of Intimation Charges
You must pay specific charges when filing a Notice of Intimation. The basic filing fee is ₹1000. This fee is non-refundable. You also pay ₹300 for document handling when filing physically.
Stamp duty applies at 0.2% of your home loan amount. This percentage can differ slightly based on state rules. Some states add service charges below ₹500. These small additions do not depend on your home loan amount or property value.
Timeline and Deadlines for Filing
You must file the Notice of Intimation within 30 days from the date of your first home loan disbursement. Missing this timeline results in penalties under Section 89C of the Registration Act 1908. You must clear these penalties before completing any property transfer.
A delayed Notice of Intimation affects the property status in official records. The property remains pending until correction. This delay can affect refinancing, resale, or loan closure.
Key Points to Remember
These points help you understand the Notice of Intimation requirements.
- Filing the Notice of Intimation is your responsibility as the borrower.
- The lender does not file the NOI on your behalf.
- The Notice of Intimation prevents multiple mortgages on the same property.
- Keep the acknowledgement safe for future home loan or property processes.
- The entry remains active until your home loan is fully repaid and closed.
A Notice of Intimation keeps your mortgage record clear. It supports transparent home loan documentation and avoids conflicts during property-related checks. Bajaj Markets offers guidance on home loans and related documentation, including steps for filing the Notice of Intimation and maintaining property records.
