What is notice of intimation?

• The mortgagee and the mortgagor are required to sign a registered contract. The usual registration period is 4 months from the signature date.
• In case the agreement isn’t signed, the mortgagor has to file a notice within thirty days of the closing date of the mortgage.
• Non-filing of the notice of intimation/non-registration of the agreement could harm the interests of the parties by jeopardizing the validity of the mortgage.
• In case anybody does not file such notification within the relevant time frame, then he will be penalised for the same.

There are a few issues that I found quite common in the bank like several loans against a single property and multiple registrations on different properties at the same time. The Notice of Intimation (NOI) was thus developed in order to resolve these problems. I was reading over responses made by Aman and Apurva. They gave a thorough explanation of the letter of intimation of mortgage very well. You must go through his answer. Moreover, scroll down to check more information on NOI. 

What is Notice of Intimation Charges in Maharashtra?

My uncle registered a property in Maharashtra last month. He used e-filing for notice of intimation. It costs him Rs 1000 for the registration process. This charge is fixed for any loan amount.

• It is also important to pay the required stamp duty charge which is 0.1% for loans under Rs 500,000 and 0.2% for loans over Rs 500,000.

• I agree with Kamal that if you want to do offline filling, you need to pay Rs 300 as a document handling fee at the Sub Registrar’s Office. He also explained the NOI meaning in home loan very well. 

Is NOI mandatory for home loan?

Yes, submitting an NOI is required while applying for a home loan. This document notifies the registrar's office that the required home loan is funded to the specified property.

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Required Documents for NOI Filling

• A photocopy of the loan amount 

• Stamp paper

• Borrower’s passport-size photo

• Duplicate copy of approved sanction letter

• Borrower’s identity proof like PAN card

• 2 duplicate copies of recent index

I hope you understand the intimation of mortgage charges in Maharashtra. Moreover, you can avoid property-related frauds and fines once you have submitted an NOI within time.

While applying for a home loan, I was introduced to the NOI charges for home loan. However, the term Notice of intimation (NOI for home loan) was quite new to me. After going through the above-mentioned responses, I got to know that to protect the interests of financial institutions and society, a notice of intimation (NOI) of the house loan of property is required by Section 89B of the Registration Act of 1908. The Notice of Intimation (NOI) is a step in the house loan registration process.

The paperwork is submitted to inform the proper authorities that a mortgage loan has been funded. The new regulation, which became effective on April 1, 2013, aimed to stop real estate fraud, such as multiple registrations of the same home or multiple loans using the same asset as collateral.

I completely agree with Kamal’s answer about the notice of intimation charges in home loan. Just to reiterate, I’d say that as Kamal said, any loan amount would incur a 1000 Rupees Notice of Intimation fee if submitted online. Additionally, the NOI fees or the document processing fee would be Rs. 300 if you are paying the Notice of Intimation in person at the SRO office.

I hope this clarifies your query about, what is NOI charges for home loan in Maharashtra.

Stamp Duty and Filing Fees must be paid online through GRAS in the event of an e-filing (

). When paying the filing fee by cheque, the cheque must be made out to the relevant Sub Registrar's office in the respective city. Cash is accepted while paying the document processing fees.

I’d like to conclude my discussion here about the NOI charges for home loan. I hope this helps:)

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Hi, let me help you understand what is NOI in home loan and what are the

notice of intimation charges for home loan. Please read carefully and let me know if you need more information in the comments below.

• A ‘Notice of Intimation (NOI)’ is a notice which is a part of the home loan registration process. 

• It is submitted in order to inform the registrar office regarding the disbursement of a home loan. 

• When you apply for a home loan, the money lending institution or the bank prepares an agreement, and both the parties agree to its terms and the registration of this agreement is done. In such a case, there is no need for NOI. I hope you are somewhat familiar with

  what is notice of intimation now.

• However, if the registration of the agreement is not done, then the mortgagee (the borrower) gets 30 days from the disbursement of the first loan amount, to file an NOI.

• It is done at the Sub-Registrar Office under whose jurisdiction the particular property falls. 

• It is the sole duty of the borrower to file the Notice of Intimation and not of the financial institution. 

• You may hire a third-party executive for this purpose.

This is all you need to know about the

notice of intimation charges for home loan. If you have more queries, feel free to ask.

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Mr. Aman has covered almost everything that is to share about what is notice of intimation meaning. I too had to complete this process during my home loan approval process in Mumbai. I have recently finished the whole process so I can share a few more details such as notice of intimation charges and its nature with you.

As I informed you I bought a flat in Mumbai and we opted for e-filing of notice of intimation, we had to login to the registration and stamp duty website of Maharashtra. The overall process took Rs. 1000. I got to know later that this price is fixed and it doesn’t vary for loan amounts as in the case of stamp duty and registration charges. 

If you want to save some money and do it at a lesser cost, then you will have to invest time and energy. You will be required to visit the SRO office and pay the document handling charges of Rs. 300 only.

I spoke about the nature of notice of intimation. This is what I was coming at. Although it is advisable, filing Notice of Intimation is not necessary. It is a part of the home loan process as I mentioned and when an agreement is made, signed and registered then it is not mandatory to file notice of intimation. 

However, If no agreement is signed between the mortgagor and mortgagee, then the mortgagor has to file a notice of intimation. It should be filed within 30 days from the date of the mortgage.

I hope you have more clarity on notice of intimation now. 

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