When you buy a house you are bound with a lot of questions in your head. Apart from financial worry, there are many more things that must be clicking your mind especially the legal formalities. When it comes to legal formalities everyone tries to ensure that they are going the right way, so they won't dive into legal troubles. But these formalities are time-consuming as you have to visit the concerned authorities' office as if it is your part of your daily routine until your work is done. To reduce the burden from your shoulders I will explain to you what is e stamp paper?
The Stamp duty is required as the fees charged for registering the sale deed. For both buyer and seller of the property, holding a sale deed is important. As it acts as a legal document between the buyer and the seller which ensures that the sale is completed.For the same government of India charges stamp duty as a tax on the property purchased. The stamp duty amount depends on the area of the property. Stamp duty is collected by the registrar and now stamp duty can be paid online known as e-stamp E-stamp paper was introduced in July 2013, the Stock Holding Corporation of India is the apex body to provide stamp duty
Some important points about e -stamps are:
Every e stamp has a unique system generated number. The authenticity of the e-stamp can be verified through a unique system generated number.
If you cancel the application for the e-stamp, you can receive your money from the SHIL office.
SHIL will accept the stamp duty in Indian rupee only.
Duplicate e-stamp will not be issued.
Benefits of e-stamp paper
Less time-consuming can be generated in minutes.
Can be received at the comfort of your home.
Less expensive
Generate a temper proof in the record.
Hope this answer has helped you in understanding what is e stamp
If you are planning to buy a house then you should know what is e stamping to make your purchase process easy. Stamp duty is required to be paid by a property buyer/seller at the time of property registration. E stamping is the online version of stamp duty payment. Let us understand about What is e stamp paper in India.
What is e stamping in India?
Under Stock Holding Corporation of India Limited (SHCIL), the Government of India had introduced an e-stamping facility in 2013. The e stamping facility has come in place to tackle the glitches and make stamp duty payment process smooth.
How to get the document e stamped
Visit the official website of the SHCIL
Generate your user id by proving the details required in the form( Name bank details, contact number)
Once your id is activated you will receive the confirmation mail.
After that login to SHCIL website by using the registered id
Select your state from the state bucket option
select ‘Nearest SHCIL Branch
Provide the details for e stamp registration such as First Party Name, Second Party Name, Article No, Stamp Duty Paid By and Stamp Duty Amount.
Now you need to pay the amount.
Once paying the stamp duty amount take the print out for Online Reference Acknowledgement No.
After that visit the nearest Stock Holding Branch to get the final e stamp printouts.
This is the process of e stamping.
List of States that provides e stamping facility
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What is e Stamp?
Rupal
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April 6, 2021
2021-04-06T20:11:51+00:00 2021-06-24T19:25:35+00:00Comment
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