Revenue department officials said the extended service will also be provided by the agency. The Delhi government had entered into an agreement with Stock Holding Corporation of India Ltd (SHCIL) to provide the service through its offices and authorised collection centres. The facility was first introduced post-Telgi scam as a measure to curb stamp paper-linked frauds.
The government had introduced e-stamping on April 1, 2008, in the city mainly to ensure transparency in payment of registration fee in property transactions. The Budget session of Delhi Assembly had already passed a bill to introduce e-stamping for all denominations. There are several ACCs from respective State governments.The facility was inaugurated by Divisional Commissioner Vijay Dev here.Ĭurrently, e-stamping is applicable to values of Rs 501 and above but government has now decided abolish stamp papers of all denominations, which will mean people will have to pay stamp duty for sworn affidavits, agreement of tenancy, mortgage deeds, power of attorney and other instruments through e-stamping facility. Authorized Collection Centers (ACCs) are the appointed middlemen, a scheduled bank or a post office, who are responsible for issuing e-stamp paper instead of CRA.
The Stock Holding Corporation of India Limited, shortened as SHCIL, the Central Record Keeping Agency (CRA), holds the authority to grant e-stamp certificates in India. This initiative aimed to minimize fraud and mistakes during the payment of stamp duty. The Indian Government launched the e-stamping facility in July 2013. When was the e stamp paper launched in India? Maharashtra has its own electronic stamp duty payment method.
Currently, this service is offered in 22 states of India. The Government has replaced the traditional paper and franklin stamping method with the digital strategy to ensure a fast and trouble-free payment process. In this article, we will help you understand the meaning of e stamp, e stamp online process, download process and much more.Į-stamp paper is a process where the stamp duty is electronically paid to the Government. With the e stamp paper process, the majority of the process now can be done online. Earlier, the stamp duty for property registration had to be done physically by visiting the sub-registrar's office. Electronic stamping, also known as e stamp or e stamping, is a method to pay government non-judicial stamp duty electronically. You have to pay stamp duty on the property to central or state authorities to purchase, sell, create a deed, or even rent your property.
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