How do I do MOD with sub registrar in Karnataka? I have taken loan from SBI Bank. What documents I need to carry with me and how do I pay?

MODT stands for Memorandum of Deposit of Title Deed

MODT is applicable for all home loan borrowers. It is essentially an undertaking given by you that you are depositing title documents of property with the bank of your own free will in return for a loan.

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Context:

I am taking Rs.50,00,000 home loan from State Bank of India (SBI), to finance my 2BHK flat purchase in Bangalore

The Flat is located in BBMP Jurisdiction

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We need following documents from bank to register MODT:

• Exemption letter (most the nationalized bank are exempted from personal appearance for registration under section 88)
• MODT (Memorandum of Deposit of Title Deed)
• Bank’s authorized signatory ID proof (the ID proof should have bank’s attestation)

We need above documents to book registration slot in Kaveri Online services.

As per my bank, the bank’s representative will handover above listed documents at sub-registrar office moment before registration. So we collected soft copy of above documents to book registration slot on Kaveri Online Service.

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We followed below procedure to register MODT online in Kaveri Online Services

Open the Kaveri Online Services website, here is the link https://kaveri.karnataka.gov.in/landing-page

Login using your username and password, (need to register on kaveri online services to obtain username and password, the username is your email ID and password comes to your registered email.

We just need name, gender, email and mobile number to register)

We highlighted the Register and Login options in below image

After login, the home page looks like below image

Click on Start a New Application. Refer to below image

Click on DOCUMENT REGISTRATION, refer to below image

Read the Prerequisite for Document Registration and click on Continue. Refer to below image

In Article and Sub Article, select the following options from dropdown list

• NATURE OF DOCUMENT: DTD
• ARTICLE: Agreement relating to deposit of title-deeds,pawn or pledge
• SUB ARTICLE: 6 (1-ii) - The pawn or pledge of immovable property, Loan or Debt amount exceeds rupees 10 lakhs

Refer to below filled image

Click on Continue

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In type of Document, click on NON-AGRICULTURAL. Refer to below image

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• If the property located in Gram Panchayat jurisdiction, select e-Swathu
• If the property located in BBMP, CMC or any other Jurisdiction in Bangalore except Gram Panchayat , Select Others

As per our context, the property located in BBMP jurisdiction so selected Others, Refer to below image

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Selected the following information of property from dropdown list

• DISTRICT : BBMP
• WARD NUMBER: BBMP Ward No. 192 (you can find the ward number in property tax receipt, refer to arrow mark in below image)

• INDEX II: VILLAGE: Kammanahalli (enter the village name)
• Zone: BBMP
• ROAD: Raja Aristos Apartment (select apartment name)
• PROPERTY NUMBER TYPE: Flat No. (select Flat No. from dropdown)
• PRESENT PROPERTY NUMBER DETAILS: E1-X (enter your flat number)
• Total Area (in Sq. Meter): 127.74 (enter the super build-up area of flat)

Refer to below filled image

Click on Add More, Refer to below image

• PROPERTY NUMBER TYPE : Survey No. (Select Survey No. from dropdown list)
• PRESENT PROPERTY NUMBER DETAILS: 145/1 (enter the survey number)

Refer to below filled image

Click on Submit & Continue,

Based on the information provided, below is our property finding, refer to below image

Click on Save Property and Continue

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In the property Schedule, enter the measurement, boundaries and description of property.

Part area mean the area considered for market valuation, entered my super build-up area of flat. Refer to below filled image

Click on Save and Continue

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In Executant -1, entered the details of bank

• I am taking loan in State Bank of India, the bank has given me Section 88 exemption letter, so we clicked on Exempted from Personal Appearance (Section 88 Exempted)
• In Covering Letter Number: Entered my loan account number
• Uploaded the exemption letter in PDF. In below exemption letter, we highlighted section 88 for your reference

• Is Claimant: Yes (Select Yes)
• Individual Or Organization: Organization

Refer to below filled image

Followed by the details of bank name, address, authorized signatory name, age, gander, address and ID proof number. Refer to below filled image

Click on Save Executant-1 And Go To Next

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In Executant -2, entered the details of borrower

• Is Claimant: No (Select No)
• Individual Or Organization: Individual (I am taking loan as individual and not as organization so selected Individual. Should select individual even if you jointly borrow loan with family members). Refer to below image

Followed by the details of borrow name, age, gender, ID proof and address, refer to below filled image

Click on Save Executant-2

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The presenter mean, the person who present the documents in sub-registrar office for registration.

• In Choose Presenter, I choose my name (borrower name) from dropdown list , it mean that I will present the required documents in sub-registrar office for registration of MODT
• Click on Make Presenter

Refer to below image

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IDENTIFIER mean witnesses, we should provide the details of at least two witnesses

In IDENTIFIER -1, enter the details of first witness, the details includes name, age, gender, relationship, address.

In IDENTIFIES, select the borrower name from dropdown list. It mean that IDENTIFIER -1 is witnessing the name selected in IDENTIFIES

Refer to below filled image

In IDENTIFIER -2, enter the details of second witness, the details includes name, age, gender, relationship, address.

In IDENTIFIES, select the borrower name from dropdown list. It mean that IDENTIFIER -2 is witnessing the name selected in IDENTIFIES

Refer to below filled image

Click on Save and Continue

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MODT Registration does not require Market Value calculation, therefore click Continue to next step. Refer to below image

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I am taking loan of Rs. 50 lakh so entered Rs. 50,00,000 in Consideration Amount. Refer to below image

Click on Save and Continue

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My exemption letter is in one page and MODT in two page. Total number of pages are 3

Entered 3 in Number of pages. Refer to below image

Click on Calculate

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The government fees displays. Refer to below image

As per the above government fee displayed, the cost break-up as follows

• Stamp Duty at 0.2% of loan value : 50,00,000 * 0.2% = 10,000
• Registration fee at 0.1% of loan value: 50,00,000 * 0.1% = 5,000
• Scanning fee Rs. 210

The total government fee is Rs, 15,210

Click on Save and Continue

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Below is the summary report before we submit for SRO Approval. Refer to below image

At the bottom of page,

• Upload Deed Document: Upload the MODT issued by bank in PDF
• Upload Annexures: Upload the bank’s authorized signatory ID proof and borrower ID proof (merge both the ID proofs in one PDF and upload here)
• Date Of Execution: Select the current date
• Select Sub-Registrar Office: I want to register this MODT in JP Nagar sub-registrar office, selected JP Nagar from dropdown list (we can register the MODT in any sub-registrar office listed in dropdown)

Check the Declaration boxes and click on Agree and Submit. Refer to arrow marks in below image

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Immediately after submitting the application, the status shows as Pending at SRO. Refer to below image

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My application is approved on the same day of application submission. The status changed to Make Payment. Refer to below image

Made the payment through UPI, refer to below payment challan

Save this challan before we proceed with application page, because sub-registrar office may demand this challan to cross verify the transaction details

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Immediately after the payment, the status changed to Schedule, clicked on the Schedule and book the registration slot. Refer to below image of my slot confirmation

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As per the above Schedule, the bank’s representative carried following documents to sub-registrar office

• Exemption letter
• MODT (Memorandum of Deposit of Title Deed)
• Bank’s authorized signatory ID proof
• Bank’s Cheque

The Borrower carried following documents

• Printout of Application summary report from Kaveri Online Services
• Printout of payment challan
• ID Proof

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The presenter (borrower) presented below documents in registration counter.

• Printout of Application summary report from Kaveri Online Services
• Exemption letter
• MODT (Memorandum of Deposit of Title Deed)
• Bank’s authorized signatory ID proof and Borrower ID proof
• Payment challan

The borrower gave the thumb impression and webcam photo

The borrower and two witnesses signed the MODT

The sub-registrar office scanned MODT and handback to presented. The registered MODT looks like below image

We highlighted the loan value in above MODT image

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The bank’s representative collected following title documents from borrower

• Sale deed
• Tax receipt
• Khata

The bank’s representative handed over the cheque to seller, cheque is written in favour of seller’s name (not in borrower's name) . Refer to below cheque image

As per the MODT, the loan value is Rs. 50 lakhs but bank has given cheque at value of Rs.49,25,000 because our final settlement to seller is Rs. 49,25,000 only, remaining Rs. 75K is adjusted in upcoming EMI

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