Do I need to register the property in my name after a home loan closure?

Do I need to register the property in my name after a home loan closure?

No

You need not to register the property in your name after the home loan closure because the property is already registered in your name

You just need to remove the mortgage lien registered against the property.

For example: Referring to my below Encumbrance certificate (EC)

Serial No. 3: is the details of my property registration in my name, dated 25–10–2021

Serial No. 2: is the details of my home loan registration dated 25–10–2021

Serial No. 1: is the details of reconveyance deed registration dated 21–08–2023. Meaning, I repaid the home loan and removed the mortgage lien registered against my property

 

Reconveyance deed is the process to remove the mortgage lien registered against the property.

So once the loan is repaid, you need not to register the property again in your name, you just need to register the reconveyance deed.


We provide assistance in registering reconveyance deed. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91-97424-79020

Thank you for reading…

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