official guidance

உரிமை ஆவணங்களின் ஒப்பமைப்பு ஒப்பந்த ஆவணம்

The supplied text is a blank agreement form for recording the handover of property title documents as security for a long-term loan and interest. It identifies the person providing the documents, the person receiving them, the loan, the property and the title documents deposited. The text does not identify an issuing department, government order number or date.

Category
Registration and stamp duty
Pages
2
Status
In force
Open the source document The official copy, as published. Opens in a new tab.
Source document Preview loads as you scroll

What the agreement covers

The உரிமை ஆவணங்களின் ஒப்பமைப்பு ஒப்பந்த ஆவணம் records an arrangement in which a property holder hands over title documents to a lender as security for repayment of a long-term loan with interest. It is a blank form that must be completed with the relevant names, addresses, identity details, loan information, property particulars and document details.

The supplied text does not name the government department that issued the form. It also does not contain a government order number or issue date.

Who is covered

The agreement identifies two main parties:

  • The person handing over the title documents, also described as the person creating the mortgage.
  • The person receiving the title documents, also described as the mortgage recipient or lender.

The form provides spaces for each party's address, identity card details and mobile phone number. Its description of the parties also extends to their heirs, executors, persons with administrative authority, legal representatives and assignees.

Property and loan details

The agreement links the loan to the property described in Schedule II. It requires details of how the person handing over the documents acquired that property, including the date, Sub-Registrar office, Book 1 document number and year.

Key financial and documentary provisions include:

  • The lender agrees to provide a stated amount as a long-term loan.
  • The loan amount must be entered in figures and words.
  • The property holder agrees to hand over all title documents relating to the Schedule II property.
  • A loan confirmation document is to support the loan amount and interest.
  • The title documents listed in Schedule I are handed over as security for full repayment with interest.
  • The agreement is signed with the consent of the person handing over the documents and in the presence of witnesses.

Relevance to a property transaction

The form may affect a property owner who deposits original title documents to secure a loan, and a lender who receives those documents. A buyer or professional reviewing the property records can use the completed schedules to identify the secured property, the deposited title documents and the underlying acquisition document. The supplied text does not state any stamp duty, registration fee or filing procedure.

This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.

Common questions

Does this form transfer ownership of the property to the lender?

The text describes handing over title documents as security for repayment of a long-term loan with interest. It does not state that ownership is transferred.

Which property documents must be listed?

Schedule I is used to list the title documents being handed over. The form says all title documents relating to the property described in Schedule II are to be deposited.

What property details must be included?

Schedule II contains the property description. The form also asks for the date and details of the acquisition document, including the Sub-Registrar office and the Book 1 document number and year.

Does the source specify stamp duty or registration fees?

No. The supplied text does not state any stamp duty, registration fee or rate.