The perennial problem of unavailability of stamp papers will soon be over in the city as the UT Administration is all set to introduce e-stamp papers by the end of this month for the convenience of city residents.
There are two kinds of stamp papers used for paying stamp duty: first is judicial which is used for legal and court purpose and the other is non-judicial, which is used for transfer of property, commercial agreements, power of attorney and other important registration work.
To start with, the administration will provide non-judicial e-stamp paper, which is much in demand. Then gradually, efforts will be made to tie up with local courts to provide judicial e-stamp papers too, according to officials of the IT department, which is the nodal agency to execute this project which was recently pushed by UT Adviser to Administrator Vijay Dev. He was also part of the project when Delhi became the first state in the country in 2012 to start issuing e-stamp papers.
Anil Prashar, centre head, Society for Promotion of IT, said that back-up operation for the project was ready and after required technical formalities, the project was likely to be launched within this month.
Currently, the UT administration procures lower denomination stamp papers from Security Printing Press, Hyderabad, and stamp papers of higher denomination (above Rs 50) from India Security Press, Nashik.
Once this project is ready, the e-stamp papers will be instantly generated through computer, which means that there will be no supply glitches and the administration can save money which it puts into procuring and transportation of these stamp papers.
Most importantly, the supply will be tamper-proof and overcome counterfeiting issues relating to stamp papers. Each e-stamp paper will carry a unique identification number that can be verified online on the website of Stock Holding Corporation of India Limited (SHCIL), which has been authorised by the Centre to introduce e-stamping in the country.
“Chandigarh Administration will soon sign a formal agreement with SHCIL for running this facility in city,” said the centre head, Society for Promotion of IT.
E-stamp papers will be made available in all the e-sampark centres in the city. Even after the new system, stamp papers will continue to be available in physical form but it will be gradually replaced with the new system.