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What is E-stamping? Understanding the basics

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E-stamping, or electronic stamping, represents a transformative approach to fulfilling non-judicial stamp duty requirements in India. This modernised method, introduced in 2013, has revolutionised the process by rendering it convenient, tamper-proof, and hassle-free. 

E-stamp Meaning

The term "E-stamp" encapsulates the essence of this digital innovation. It signifies a departure from conventional paper-based stamping, replacing it with an electronic counterpart. This system is progressively transforming stamp duty payments across 22 states in India.

The India E-stamping system is a comprehensive solution, streamlining the payment process while elevating security and reducing the probability of human errors.  

E-stamp paper

E-stamp paper replaces the paper-based and Franklin stamping procedures. The process is speedy and straightforward, enhancing the efficiency of the payment process. The e-stamp paper is currently accessible in 22 states and Union Territories.

E-stamping simplified

The process involves a few straightforward steps:

1. Visit the SHCIL Website: Visit the official SHCIL website at https://www.stockholding.com/estamp-index.html.

2. Access E-Stamp Services: Click on "E-stamp services."

3. Select Your State: Select your residence, as stamp duty charges can vary by city.

4. Fill out the Application Form: Complete the application form and click "Download." If your stamp duty is under Rs 501, the download is free.

5. Obtain Your Stamp Certificate: After clicking "Download," your stamp certificate will be available for retrieval.

Payment modes for E-stamp paper

Various payment methods are available for e-stamp paper registration:

  • Register with SHCIL: Click "Register Now" if you are a new SHCIL user.
  • Enter your details: Fill in your user ID, password, security question, and bank account details.
  • Activation confirmation: Confirm your registration through the activation link sent to your email.
  • Log in: Use your enabled user ID and password to log in.
  • Choose your state: Select your state for stamp duty payment.
  • Create a referral number: Opt for the "Nearest SHCIL Branch" option to create a referral number for payment via various methods.
  • Obtain your E-stamp paper: Bring the Online Reference Acknowledgement Number to your nearest Stock Holding Branch to receive the final E-stamp paper.

E-stamp verification process

To verify e-stamps, follow these steps:

  • Click "Verify e-stamp" on the homepage.
  • Enter the required information, including state, certificate number, stamp duty type, issuance date, and session ID. Click "Verify."

E-stamp verification via mobile app

Utilise the E-Stamping mobile app available on AppStore or PlayStore. The app offers scanning the QR code on the e-stamp paper or manual verification.

E-stamp online service fees

The service for e-stamping provided by SHCIL is free, but stamp duty charges vary by state.

The final word

In summary, E-stamping has revolutionised how we pay stamp duty in India. This digital solution simplifies and secures the process, replacing traditional paper-based methods. E-stamp papers represent the core of this modernisation, ensuring accuracy and reducing errors. 

 

Frequently Asked Questions

1. What is E-stamping, and how does it work?

Ans: E-stamping is an electronic method to pay government stamp duty in India. It involves visiting the SHCIL website, selecting your state, filling out an application form, and downloading the e-stamp certificate.

2.What are the advantages of E-stamping over traditional stamp papers?

Ans: E-stamping offers convenience, quick generation of e-stamp papers, no extra charges, tamper-evident stamps with a unique ID, secure data storage, and easy authenticity verification, reducing the risk of counterfeit stamp papers.

 

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