Meaning of KANAPANAYA / PATTAM

KANAPANAYA / PATTAM

Language - Tamil

Tamil Word - கனபனயா /  பட்டம்

A deed of mortgage, a legal document that pledges property as security for a loan. Example: In Tamil Nadu real estate transactions, a 'kanapanaya/pattam' is a crucial legal instrument that outlines the terms and conditions of the mortgage, including the property details, loan amount, interest rate, and repayment schedule. This term emphasizes the legal framework surrounding mortgage transactions in Tamil Nadu, where a deed of mortgage serves as a binding contract between the borrower and the lender.