Process of E-Stamping & its Benefits

You must pay stamp duty on every property acquisition or sale to complete the transaction effectively.

Previously, buyers had to make the payment when they went to the sub-office registrar’s to register their property, but they may now complete a large portion of the procedure online. This is referred to as e-stamping or online stamping. We cover all you need to know about e-stamping in India in this piece.

Why a stamp paper is important?

While the land is a state subject in India, you must pay stamp duty on the property whether purchasing, selling, leasing, or producing documents. So, how are you going to pay for it? Payments to the government are made by purchasing stamp paper in various denominations as determined by the authorities. Once you’ve made the payment, you’ll have documentation that you’ve paid the requisite charge to the government. It also serves as a reminder for you in the future.

What are the advantages of E-stamp?
  • The e-stamp certificate may be created in a matter of minutes using e-stamping.
  • The e-stamp certificate is unalterable and comes with a unique identifying number (UIN).
  • You may check the authenticity of the e-stamp certificate using the inquiry module.
  • A precise denomination is not required for e-stamping.
How do you e-stamp your documents?

Step 1

Go to SHCIL’s official website, https://www.stockholding.com/. Select ‘items and services,’ then ‘e-Stamp services,’ and then ‘e-Stamping.’

If your state enables e-stamping, it will be indicated on the webpage. The online option for generating an e-stamp certificate is now accessible for NCT Delhi, Gujarat, Chhattisgarh, Karnataka, Himachal Pradesh, Odisha, Tripura, Ladakh, Chandigarh, Jammu & Kashmir, Puducherry, and the Andaman and Nicobar Islands. Due to the COVID-19 epidemic, the SHCIL has emphasized that residents should use the facility wherever it is accessible.

Step 2

From the dropdown menu, choose a state. In this case, we’ve chosen the National Capital Territory of Delhi.

Step 3

You must complete an application. Select the program you desire from the ‘Downloads’ option on the homepage. Assume that the relevant application has a stamp duty payment of less than Rs 501. Simply fill out the form after downloading it.

Step 4

For the stamp certificate, you must submit this form together with payment.

What you should know about e-stamping?

  • An e-stamp certificate will not be issued in duplicate.
  • Only when you visit a SHCIL office can you seek reimbursement for an e-stamp request that has been canceled.
  • In Maharashtra, stamp duty may be paid online, although not through SHCIL, but through an internet payment facility called electronic secured bank treasury receipt (e-SBTR).

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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