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Delhi Government Introduced A System Of e-Stamping For Registration Of Immovable Properties


By Dr arvind, Section Gurgaon Real Estate Property
Posted on Wed May 07, 2008 at 11:43:14 PM EST

On Wednesday, the Delhi government introduced a system of e-Stamping for the registration of immovable properties. This will allow consumers to avail of the electronic way of stamp duty payment and bring into effect a fool proof system of e-stamp generation.

Making the announcement, chief minister Sheila Dikshit said that the introduction of e-stamping would go a long way in ensuring transparency and was a step towards making government information technology oriented. It would provide a reliable system of documentation and help in the retrieval of particulars as and when required.

With the launch of e-stamping, the traditional practice of purchasing non-judicial stamp paper has been done away with. According to officials, the new system would mean faster processing and an easier mode of stamp duty payment which would in turn provide the general public with a more secure form of revenue payment.

Under the system a person seeking to register his or her property would simply have to go to any one of the 21 counters being set up across the city for e-stamping. Here, one is issued a unique identity number after paying the stamp duty. After this, one just has to produce this ID number at the local sub-registrar's office for ones property to be registered.

Delhi has become the first state to introduce system for the registration of properties, of general and special power of attorney as well as for the transfer of immovable properties. The revenue department hopes that the new system of e-stamping will eliminate the problem of stamp paper shortage as well as other malpractices.

The Central Record Keeping Agency Stock Holding Corporation of India Ltd. (SHCIL), along with the revenue department of Delhi government, has implemented this system. The general public will be able to avail of this facility through 21 different authorised collection centres spread all over Delhi. This number will be increased to 37 by June end.

From: TOI, May-08-08

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