E-stamping to be introduced in Uttar Pradesh soonDecember 1st, 2008 - 7:08 pm ICT by IANS
Lucknow, Dec 1 (IANS) Uttar Pradesh is all set to introduce e-stamping for registering properties, a government official said Monday.The new system will come into force soon after parliament passes the Uttar Pradesh Stamps Act 2008, Desh Deepak Verma, principal secretary (taxation, stamps and registration), told IANS.
“There is no flaw in the act and there is only a procedural delay. We are hopeful that it will come into effect this fiscal,” Verma said.
According to him, the authorities first mooted the idea of implementing e-stamping system three years ago when the multi-billion Telgi stamp paper scam was unearthed by the Maharashtra police.
He added that the new system would help the authorities stop fraudulent practices, and a secured and reliable duty collection mechanism would also be in place.
“This will also help in building up a central data repository, facilitating easy verifications,” Verma said.
Under the new system, the applicant will have to deposit the stamp fee at any bank or the agency roped in by the authorities.
The Stock Holding Corp of India Ltd is likely to the implementing agency.
“In the first phase, it will be implemented in 108 tehsils (sub-district) of the state and will subsequently be extended to the other tehsils,” Verma added.
At present, the system is in use in Delhi, Maharashtra, Gujarat and Tamil Nadu.