Punjab deputy chief minister Sukhbir Singh Badal along with revenue minister Bikram Singh Majithia launched e-stamping project in SAS Nagar at DC complex in Phase 1, SAS Nagar, on Tuesday.
Speaking on the occasion after launching the e-stamping project, the deputy chief minister congratulated the revenue department for people-friendly step and said the government would soon introduce e-registration in the next six months to complement this measure.
“This is above all a pro-people initiative,” said Majithia, while briefing the gathering about the e-stamping project. He said the project had been conceived to make it easy for the common man to buy or sell property.
“You will now be able to deposit the stamp paper fee at thousands of branches of various banks near your place of work or residence,” he added.
He said, besides, people would now be able to deposit the exact fee in stark contrast to being forced to buy stamps of more denomination than needed due to lack of availability and creation of artificial scarcity.
He said each stamp paper had a unique ID that was generated for that stamp paper only and could be verified online also.
“Various safety features of the stamp include UV, ultra violet, micro film and thermal fixtures, besides, an encrypted 2D bar code. The new paper is also a permanent record. This means if it is lost or misplaced, you can apply for a duplicate, which is not possible under the present system”.
He also highlighted how the stamp papers, which were earlier available through one bank, would now be available through all 22 recognised banks and thousands of their branches in the state.