Govt introducing e-stamping in Gurgaon

By Haryananewswire4u

CHANDIGARH, MAY 13

 The Gurgaon district administration has requested the state government to introduce Electronic Stamping (e-stamping) in district Gurgaon to make the property registration process easier. Deputy Commissioner Mr P C Meena has written a letter to the government in this regard.

            Mr Meena has requested the state government to introduce e- stamping in Gurgaon and also make provision of regular issuance of stamp papers from Treasury and bank. He has contended that with tremendous development in district Gurgaon, the stamp duty collection has also increased. Last year an amount of Rs 1250 crore was received on account of stamp duty in Gurgaon. Out of this amount, 40 percent was deposited in cash in the bank and rest was deposited either by way of cheques or through RTGS.

            As per the present practice, the person making the payment through cheque gets the stamp papers on third day, that too subject to clearance of cheque and if he makes payment through RTGS, he is able to get the stamp papers on second day, subject to confirmation of money transfer. In case of cash deposits also, the applicant is able to get stamp papers on the second day. So, a person needs two to three days simply to pay the stamp duty to the government and in getting the stamp papers.

            Mr Meena has said that the person carrying cash is vulnerable to criminals and many a times incidents of snatching or misplacing of cash have taken place in the district. E-stamping will help in curbing such incidents. Moreover, Income Tax Act puts bar on cash payment of over ` 50,000. Further, the chances of circulation of any fake stamp papers would also be negligible. In the letter, he has stated that e- stamping would further help in improving the registration process of sale deeds of immoveable property, as after generating stamp papers, the person will have an option to seek an appointment online through internet from the office of the Sub Registrar for property registration. On the appointed date and time, the document shall be registered saving much of time of the applicant. This will help in stream lining the registration process.

            Many states have introduced e- stamping system by which the stamp papers can be obtained through internet by paying the stamp duty electronically. Mr Meena has contended that e- stamping will help in saving time of the person paying stamp duty to the government and the security issues regarding handling of cash would also be taken care of.