The MODT charges in Maharashtra and MODT cancellation charges are applied as part of both home loan disbursement and full repayment processes. The Memorandum of Deposit of Title Deeds or MODT fees in Maharashtra are calculated as a percentage of the loan balance. Typically, it starts at 0.1% of the loan amount. I have shared more details about it below.
What are the MODT Fees in Maharashtra?
When the loan is disbursed, you register the MODT with the Sub-Registrar’s office. In Maharashtra, stamp duty is very nominal:
For loan amounts up to Rs 5 lakh, it's just Rs 1 per notice filed under Article 6 of the Maharashtra Stamp Act.
For higher loan amounts, duties range up to 0.3%, but are capped at Rs 25,000, in line with state and bank regulations.
Borrowers typically also pay a bank administrative fee for executing and filing the MODT deed, often packaged with these stamp duties.
Once the home loan is fully repaid, you must cancel the MODT to remove the lender's lien from property records.
Lenders in Maharashtra generally charge 0.1 to 0.5% of the loan amount, again capped at Rs 25,000. I hope you found this information useful.
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What is MODT Charges in Maharashtra?
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2025-06-19T13:44:37+00:00 2025-07-02T13:51:52+00:00Comment
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