Stock
Holding Corporation of India Limited (SHCIL)
has tied up with Tamilnadu
Mercantile Bank & Punjab National Bank for e - Stamping services through their branch network in Tamilnadu.
This will ensure the accessibility and convenience to the public
for availing e-Stamping services.
In
Tamil Nadu, e - Stamping facility is currently available in Chennai,
Kanchipuram and Tiruvallur districts
through 118 branch strong network of SHCIL.
e
- Stamping is also available through select branches of Indian Bank, Central Bank of India, Corporation
Bank, Allahabad Bank, Oriental Bank of Commerce. e-Stamping can be
used in all those cases, where stamp
duty of Rs. 500 and above is required to be paid to the
Government
.
Under the electronic stamping facility, the buyer
or seller should fill in an application
based on which a unique certification ID is generated.
The 15-digit ID is locked for authenticity. The
buyer or lender would be able to verify
the authenticity of the paper as it would be computer-generated document. The
e-stamping facility enables the government to receive real time information on the number of certificates
registered and reconcile the monetary
transactions.
E
- stamping can come across hardly any
malpractices and is hassle free. It is a secure and reliable collection mechanism and storage of
information in electronic form would
prevent the paper and process related to fraudulent practices.
Many reputed builders and corporates are availing e - Stamping facility and find it extremely
convenient and beneficial. In the
2012-13, Rs. 179 crores of stamp
duty was paid through e-Stamps.
SHCIL
has been appointed as the Central Record
Keeping Agency (CRA) by Government of
India to issue e-stamps. e-Stamping is a computer based application and a
secured electronic way of stamping documents.
This
facility provides various benefits to the users
like no additional charges on e-Stamp, no waiting period, easy availability of stamp papers, single stamp paper irrespective of
denomination.
Payment can be made through cash / DD / PO / RTGS / NEFT /account to account transfer.
The
e-Stamp document has various
security features and is tamper
proof. The genuineness of the e-Stamp
can be verified online easily through an
enquiry module.
The
State Governments also stand to benefit as there is greater transparency in
the system and there is no leakage of
revenues to the Government. The Government can monitor online the details of stamp duty paid
as well as registrations of cases where
stamp duty is paid through e-Stamping.
Across
the country, e-Stamping has been
implemented in the States of Gujarat, Karnataka, NCT of Delhi, Maharashtra, Assam, Tamil Nadu,
Rajasthan, Himachal Pradesh, Uttarakhand, Daman and Diu, Dadra and Nagar Haveli and Pondicherry and is
available to general public.
Further details are available at www.shcilestamp.com
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