Notice of Intimation

Notice of Intimation (NOI) is a part of the home loan registration process. It is normally submitted to inform the registrar’s office regarding the disbursement of a home loan. It came into effect on 1st April 2013 to curb the fraudulent activities related to the properties, such as multiple registrations of a home or availing multiple loans against a single home.

The lender usually prepares an agreement when you opt for a home loan. Both parties, including the borrower and the lending institution, agree with the terms and conditions. After this, this agreement is registered. In such instances, there is no need for Notice of Intimation for a home loan.

However, if there is any delay in the registration of the agreement, then the mortgagee (the borrower) gets 30 days from the disbursement of the first loan amount to file an NOI to the Sub-Registrar Office under whose jurisdiction the particular property falls. 

Note that filing the Notice of Intimation lies solely at the discretion of the borrower and is not the responsibility of the lender. In specific instances, you are allowed to hire a third-party executive to initiate this purpose.

Follow the steps mentioned below to complete the e-filing process of the home loan Notice of Intimation:

• Step 1: Pay the required stamp duty charges

• Step 2: The Government Receipt Accounting System (GRAS) will then accept the filing fees and stamp duty payment charges

• Step 3: Upload your passport-size photo and signature

• Step 4: An officer from the financial institution will authorise your application

• Step 5: Send a photocopy and original notification to the sub-registrar’s office

• Step 6: The sub-registrar will check the authenticity of the documents and validate them.

• Step 7: After that, the sub-registrar will provide a receipt regarding the filing fee and documentation fee.

Following are the Notice of Intimation charges for a home loan:

• You will need to pay a filing charge of ₹1,000, irrespective of the loan amount.

• There is flexibility in the payment of Stamp Duty and Filing Fees online via the Government Receipt Accounting System (GRAS)

• During physical filing, you can pay the fee using any convenient payment mode

• There is a document handling expense of ₹300 that you will need to pay, while physical filing only

• You can also pay the fees via cheque at the Sub-Registrar’s office, but you will have to pay the document processing fees in cash

The NOI needs to be filed in case an agreement is not executed between the mortgagor and the mortgagee. In this case, within 30 days of the disbursement of the loan, a Notice of Intimation must be filed with the sub-registrar. 

By following this simple process, you can register the agreement: 

• There are certain guidelines and a prescribed format for preparing the notice. Make sure you prepare the notice accordingly.

• In the next step, you have to pay for the stamp duty. You must be careful while paying for the right stamp. If you have paid for the stamp duty on other documents of the same loan, you need to pay ₹100 for NOI.

• You can pay for the stamp duty either offline at the office or online through GRAS (Government Receipt Accounting System).

• The mortgagor's signature and thumb impression, along with their photographs, must be attached to the documents.

• Now, the mortgagor needs to submit all the documents along with the photocopy at the office of the Sub-Registrar within the deadline of 30 days.

After submission, the Sub-Registrar verifies all the documents and the stamp duty. After his approval, the mortgagor receives a receipt for the payments made and an acknowledgement of submission of the notice for the housing loan.

In case you have any queries, you can contact the following offices:

Before availing a home loan, you need to be aware of the Notice of Intimation and under what conditions you need to apply for this document. This helps you avail home loans without much hassle.

Furthermore, if you are looking for loan offers at affordable home loan interest rates, you may check out some of the top home loan lending partners on Bajaj Markets. Compare various options and finalise a lender that best matches your requirements.