The Department of Revenue, Rehabilitation and Disaster Management (Stamp and Registration Branch), Punjab on January 07, 2025, amended an older notification No. S.O.90/C.A.16/1908/Ss.78 and 79/ 2012, dated October 23, 2012, related to Stamp and Registration Duty.
The following has been stated: -
•In the notification a new item is introduced under the "TABLE OF REGISTRATION FEES" in Article I, clause (1) after item (b), the following item shall be inserted, namely;-
(bb)mortgage by way of deposit of title deeds (equitable mortgage). It specifies that a fee of 0.25% of the loan amount, subject to a maximum of Rs. 1,00,000, will apply for a mortgage by way of deposit of title deeds (equitable mortgage) for existing or future debts.
[Notification No. S.O. 1/C.A.16/1908/Ss.78 and 79/Amd./2025]
