MODT (Memorandum of Deposit of Title Deeds) is a registered document proving that you’ve pledged your property with the bank for a loan.

Yes, MODT registration is compulsory for most home and property loans in Karnataka under the Registration Act.

Stamp duty is 0.1% of the loan amount, and the registration fee is 0.5%. Charges may vary slightly across districts such as Bangalore.

The borrower usually pays the MODT stamp duty and registration fees unless covered by the bank in processing charges.

Use Kaveri Online Services to generate a challan, pay via Khajane II, and then register the MODT at the Sub-Registrar Office.

Required documents include the title deed, loan sanction letter, PAN/Aadhaar, bank authorization letter, and payment receipts for stamp duty and registration fees.

The challan is valid for 30 days from the date of generation; registration must be completed within this period.

Yes. Obtain an NOC and Deed of Receipt from your bank, then submit them at the Sub-Registrar Office to remove the lien.

No. MODT is a simpler and faster form of equitable mortgage, whereas a mortgage deed is more detailed and involves higher costs.