E-stamp to manage property registration in Gurgaon

By Accommodation Times News Service

To lesson the hardship of the people for registering property, Gurgaon district administration has urged the state government to introduce e-stamping. The deputy commissioner P C Meena has written to the government regarding this. He has requested the state government to introduce the e-stamping and also make provision for regular issuance of stamp papers from treasury and bank. He pointed out that with tremendous development in district Gurgaon and NCR region, the stamp duty collection has also increased.

At present practice the person who is making the payment through cheque gets the stamps papers on the third day, that too subject to clearance of cheque and if makes payment through RTGS he is able to get the stamp papers on second day subject to confirmation of money transfer. He also said that people carrying cash for depositing as stamp duty were vulnerable to criminals. Moreover, Income Tax Act puts bar on cash payment of over Rs. 50,000 that this will also curb circulation of fake stamp papers. Many states have introduced e-stamping system by which the stamp papers can be obtained through internet by paying the stamp duty electronically.

Gurgaon adjoining national capital New Delhi has been tremendous development in the past two decades with scores of MNC and other top industrial and business establishment setting up their base here. The city and its adjoining areas are also big hub for software and automobile industry andcall centres.

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