E-Stamping | Legal Stamp Duty Online Submission | What is E-Stamping?


What is E-Stamping?  |   Legal Stamp Duty Online Submission


In India, like in most parts of the world till a few years back, stamp papers of different denominations were used as the pre-certified document sheets in order to pay the stamp duty charges to the Government.With the sale of the physical stamp papers being banned from January 1, 2003 due to multi-crore fake stamp paper scam (the infamous Telgi scam), there was always a dire need of replacing the system of physical papers to a more-more reliable system, albeit an online reliable system in this modern online world. Electronic-Stamping (or E-Stamping as it is popularly called) is the apt answer to that need of a reliable and fast system.

Stock Holding Corporation of India Limited (SHCIL) has been appointed by the Government of India as Central Record Keeping Agency (CRA) for Computerised Stamp Duty Administration System (CSDAS) and has devised a mechanism for the electronic method of collection of stamp duty. SHCIL has established e-Stamping system in a number of Indian States including the National Capital Territory of Delhi besides other multitude of States and Union Territories. Collected stamp duty is remitted directly to the government account on next working day by the SHCIL of collecting the amount from the submitter thereby fixing the possibility of revenue leakage, if any.

The details of the issued certificate can be accessed by registering officer holding a valid password to verify the details of the certificate. After verifying the details, the registering officer can disable or lock the distinguishing unique identification number of the certificate to prevent any misuse. The deputy commissioner of stamps may cancel the e-stamp certificate in case it is spoiled or misused or unused or not required for use and refund its amount.
The software is believed to be using fool-proof software supposedly making it almost impossible to fake or duplicate the generated e-stamp certificate. The e-stamping system is reported to be designed to prevent paper and process-related fraudulent practices. It offers a reliable stamp duty collection mechanism; and stores information in secured electronic form and builds up a central data repository to facilitate easy verification. Both the public as well as the governments benefit from the e-stamping facility.



For ready reference purpose, here's a list of COMPULSORY as well as OPTIONALLY REGISTRABLE  Documents in the Delhi - the national capital region which needs these stamp duties:-

1)   List of Compulsorily Registrable Document
Article No.
Description of Instrument
5(c)
Rectification Deed- Immovable
6(2)(a)
Agreement relating to deposit of title deed
6(2)(b).
Agreement relating to deposit of title deed
12
Award
12
Award – Immovable
17
Cancellation of Instrument
18
Certificate of Sale
23
Conveyance
23
Sale
23
Decree (Sale Deed/Conveyance)
23-A
Sale Agreement
25
Additional Copy of document
31
Exchange of property
32(a)
Further Charge
32(b)(i)
Further Charge
32(b)(ii)
Further Charge
33
Gift
35
Perpetual
35(i)
Lease- Rent deed up to 1 year
35(ii)
Lease up to 5 years
35(iii)
Lease up to 10 years
35(iv)
Lease up to 20 years
35(v)
Lease up to 30 years
35(vi)
Lease up to 100 years
35(vii)
Lease up to 200 years
35(ii)
Lease with security up to 5 years
35(iii)
Lease with security up to 10 years
35(iv)
Lease with security up to 20 years
35(v)
Lease with security up to 30 years
35(vi)
Lease with security up to 100 years
35(vii)
Lease with security up to 200 years
40
Mortgage
40(c)
Mortgage Collateral
41
Mortgage of a Crop
45
Partition
54
Re-conveyance
55
Relinquishment Deed
55
Release
57
Security Bond
58
Settlement
58
Decree (Settlement)
58
Memorandum of Settlement
61
Surrender of Lease
63
Transfer of Lease
64
Trust


2)   List of Optionally Registrable Document
Article No.
Description of Instrument
3
Adoption
4
Declaration
5
General Agreement
5
Consent Letter
5(c)
Rectification Deed- Movable
11
Authority to Adopt
12
Award – Movable
15
Indemnity Bond
17
Cancellation of Agreement
29
Divorce
6
Partnership
48
Power of attorney –SPA
48(c)
Power of attorney – GPA
48(d)
Power of attorney – GPA more than five persons jointly and severly
48(e)
Power of attorney – GPA more than five persons but less than ten persons
48(f)
Power of attorney– GPA with consideration
48(g)
Power of attorney – Authenticated GPA
53
Receipt
55
Disclaimer
56
Respondentia Bond
64(b)
Revocation of Trust
64(b)
Dissolution Deed
64(b)
Deed of Retirement

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