K2 challan generation sub registrar

Once the full and final settlement of dues is paid in respect of MEMORANDUM FOR DEPOSIT OF TITLE DEEDS (MODT), the bank will issue following documents, stating that dues have been cleared and request to proceed discharge deed • No Objection Certificate (NOC) • Discharge deed • Title Deed The NOC looks like the below image on bank’s letterhead DISCHARGE DEED looks like the below image TITLE DEED is the list of documents that you handed over to bank at the time of MODT registration, Bank will hand back those documents. TITLE DEED includes registered deed and Khata. —————————– The next step is to remove the mortgage lien registered in sub-registrar office: For your better understanding, let me give a real example that how I removed mortgage lien of my property in sub-registrar office, On 20th August 2015, we registered the MODT with State Bank of India (SBI) in Basavanagudi sub-registrar office. In Encumbrance Certificate, column 5 represents the seller and Column 6 represents the buyer. In MODT registration, bank’s name reflects in buyer column 6, we encircled the bank details below On 22nd March 2016, we paid the full and final settlement of MODT dues, the settlement date has been encircled in below discharge deed issue by bank On 26th May 2022, we collected the following documents from bank • No Objection Certificate (NOC) • Discharge deed • Title deed Government charges: are paid on K2 website and generated K2 challan. Following are government charges for discharge deed r...

Get “Form 15” encumbrance certificate (EC) from Sub-registar office. Form 15 encumbrance certificate is not available online. It’s a complete offline process. Form 15 Encumbrance certificate is available in few sub-registrar offices and not in all sub-registrar offices, as most of the sub-registrar offices don’t have dedicated resources to issue Form 15 encumbrance certificate For example: In Bangalore, Jayanagar, Rajaji Nagar, and Bommanahalli sub-registrar offices have dedicated department to issue Form 15 encumbrance certificates. Most of the brokers from other sub-registrar offices outsource the Form 15 encumbrance certificates from the above-mentioned sub-registrar office. Below is the real example that how I obtain FORM 15 encumbrance certificate Step 1:Walk into the sub-registrar office. In my case Jayanagar sub-registrar office Step 2:Get the application form, which would cost Rs. 10. Below application image for your reference Step 3:Fill in the relevant details in the application form. All the required details to fill in the application are available in your sale deed. Below are the information’s required to fill the application • Buyer or seller name • Name of the place where the property is located • Sub-registrar office where the property was registered Step 4:The fee is Rs. 30 for the 1st year. Rs. 10 additional for consecutive years Fee can be paid through K2 challan or resources available in sub-registrar office to generate K2 challan for you. Additional Rs....

While the Department of Stamps and Registration recently mandated that all transactions in sub-registrar’s offices have to be done through digital payments and bank transfers, the new system’s teething troubles have slowed down services. The department has banned transactions through demand drafts (DDs) and cash receipts. However, a week after the new system is put in place, officials in the sub-registrar offices say the system is ridden with much confusion and several glitches. Speaking to DH, a sub-registrar in Bengaluru explained, “Take for instance, property registration. Once you have entered your details and paid the money online, in case you have made any error in the information provided, your registration will not be complete and you have to wait for several days for refund of the money. District registrars are having a tough time dealing with such requests.” The other problem is that the public have to avail of the services in the same office - mentioned in the K-2 challan, while earlier they could go to any office in a particular zone, the sub-registrar added. A customer relations executive of a prominent real estate development company in Bengaluru concurred. “In the absence of guidance from banks or sub-registrar office, customers are asking builders for help to fill out forms.” Officials in the stamps and registration department said the rest of the state, save for Bengaluru, had already adopted the K-2 (treasury) challan system long ago. Nonetheless, the abs...