Under section 59 of the Transfer of Property Act, 1882, which mortgage is excepted from the requirement…

Section 59 excepts a mortgage by deposit of title deeds from the registered-instrument requirement at this threshold. Under section 58(f), the deposit must take place in a town covered by the provision, and the deeds must be delivered to the creditor or the creditor’s agent with intent to create security. A document that itself embodies the mortgage bargain may require registration. Below ₹100, section 59 also permits delivery of the property as a method for mortgages other than a simple mortgage.