Soon, buying non-judicial stamp papers will no longer mean paying some extra cash to your local stamp vendor.
In a bid to check black marketing of stamp papers, the Delhi government has decided to completely switch over to e-stamps. From now on, e-stamp papers of Rs 500 and below will be readily available.
The government will also keep a tab on black marketing of stamp papers as they are required for rent agreements, property registration and all kinds of affidavits, etc.
“People will be given an online receipt which will have a barcode that the sub-registrar offices will be able to authenticate. A number of collection centres will be set up and people will not have to travel distances to get such stamp papers. This will also ensure that people are not overcharged,” said a senior Delhi government official.
A decision was taken in a Delhi cabinet meeting. Chief minister Sheila Dikshit said the Delhi government has become the first state to issue e-stamp papers of all denominations.
“The complete switchover to the e-stamp mode will prevent all fraudulent practice in this field,” said Dikshit.
Currently, e-stamp collection per month is in the range of Rs 200 crore. Non-judicial stamp papers of denomination of Rs 500 and below are being sold in paper form. Various licensed stamp vendors purchase the papers on a day-to-day basis.
The annual sale of physical non-judicial stamp papers is about Rs 60 crore.
The benefits of e-stamp papers are that they are tamper-proof and their authenticity can be easily checked.
Under the new system, papers will have a unique identification number and specific value e-stamp will be generated. Human interface will be reduced and online stamp duty certificates will be generated within minutes across the counter.