×

quesEquitable mortgage amount clash

My bank financed an amount of Rs.28,50,000/- for my building but my builder is registering the sale deed for Rs.30,40,000/- and the actual sale of the property is for Rs.32,50,400/-. For what amount equitable mortgage should be to be created?

  • ansWhat the builder is doing is totally illegal and liable for prosecution. You are advised to get the sale deed registered at the agreed amount and the paid amount to the builder. The Memorandurm of deposit of title deeds should be created at at the loan amount.

    If the builder refuses to execute the registration of the deed of sale for the said amount, then you can approach the court.

  • Apply For Legal Heir/Succession Certificate With Expert Lawyers
    Know More

    Click here to see all Property Legal Services
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Property Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Property lawyers in India

Similar questions

I have purchase flat at diva cost of Rs. 21 Lacs including Other Charges and…
Sir I have booked a 3 bhk flat ada approved here in Agra builder was…
Pls advise for situation as follows One duplex bungalow is freehold ownership under mother name…
My wife is a legal tenant ofa house order passed by munsif magistrate in that…

Property Lawyers in India

Advocate Arjun Vinod Bobde

  Supreme Court of India
 Experience: 16 years


Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Prabhjit Jauhar

  Connaught Place
 Experience: 20 years


Advocate Mohammed Abdul Quadeer

  Shree Ram Nagar
 Experience: 11 years


View all >>