E-stamping is an online method of paying non-judicial stamp duty on property to the government. Online stamping has replaced the traditional ways of paying stamp duty charges including physical stamp paper and franking. Several State governments currently have already adopted the online mechanism.
Stock Holding Corporation of India Limited (SHCIL), the Central Record Keeping Agency (CRA), is responsible for grating e-stamp certificates in India. SHCIL appoints Authorised Collection Centers (ACCs), which act as the middle-men between the CRA and Stamp Duty payer, to issue e-stamp papers. There are several ACC authorised centers from respective State governments.
Stamp Duty
The stamp duty is a kind of tax that needs to be paid at the time of property registration. It is a legal tax payable as proof for any purchase of a property/land or registration of deed.To register property in India, the buyer needs to pay some charges in the form of stamp duty for registration. Previously, stamp duties were paid by purchasing stamp papers from authorised stamp vendors/treasury at the time of property registration. The Inspector General of Registration Revenue and Disaster Management Department of Government of Odisha have facilitated the payment of Stamp Duty through the e-Stamping system. Stamp paper is the traditional way of paying stamp duty and registration charges. The owner needs to purchase non-judicial stamp paper from an authorised vendor or Treasury. Once the non-judicial stamp paper obtained, the transaction details will be written/typed on that.
Odisha e-Stamp Certificate
Odisha e-Stamp Certificate is a computer-generated alternative for conventional stamp paper. To avoid counterfeit stamp paper and to make property registration easy, the Government of Odisha introduced e-stamping. As per The Indian Stamp (Odisha Amendment) Act, 2014, transaction above Rs. 1 lakh should be paid only with Odisha e-stamp.
Benefits of Odisha e-Stamp Certificate
- Odisha e-stamp certificate is a convenient method for tax at the time of property registration
- Usage of Odisha e-stamp certificate eliminates the need of non-judicial stamp papers for deed registration
- All details of property registration stamp duty (stamping) can be obtained from a single online portal
- Odisha e-stamp certificate online purchase makes the property registration process quick
- Odisha e-stamp certificate is tamper proof
- Validation is very easy with Odisha e-stamp certificate
Attribute in Odisha e-Stamp Certificate
- e-Stamp certificate Serial number
- Government Receipt Number (GRN)
- Payment Date & Time
- Nature of property/land
- Department Reference Number
- Value of property/land
- Amount of stamp duty paid
- Name of payee
Prescribed Authority
The Stock Holding Corporation of India Limited (SHCIL) has been appointed as the – Central Record Keeping Agency for issuing Odisha e-Stamp Certificate.
Stamp Duty Rate
The Odisha e-Stamp Certificate will be issued for the amount of Rs. 1000
Procedure to Purchase Odisha e-Stamp Certificate
Step 1: Ascertain the property registration application number and the amount of stamp duty payable from the Registration office.
Step 2: Visit the nearest counter of CRA counter in Registration office or CRA branch office or Authorized collection centres (ACCs) and fill up the Odisha e-Stamp certificate application form.
Step 3: After providing details such as Property Description, First Party Details, Second Party Details, Stamp Duty Payment Details submit the application form at the counter.
Step 4: You can make the payment through cash or depositing DD, cheque or the Bank Transaction Reference ID towards payment made through NEFT or RTGS.
Step 5: If the payment is made through cash, the Odisha e-Stamp Certificate will be generated and handed over to the applicant immediately.
Step 6: If the payment made through Cheque/DD, the applicant will receive a receipt from the counter. On credit of the amount to the CRA account, the applicant can get the Odisha e-Stamp Certificate from the respective counter.
Step 7: After obtaining the debit confirmation from the concerned bank, visit the nearest counter; submit the transaction reference given by the bank along with duly filled the ‘e-Stamp Application Form’ to get the e-Stamp Certificate.
Step 8: For registering property, visit the concerned registration office with the Odisha e-Stamp Certificate along with the deed.
FAQs
Who will be the first and second party of an e-stamp paper?
The first party will be the owner of the property and the second party will be the buyer or the transferee.
How to verify an e-stamp using a mobile app?
SHCIL has come out with a mobile app, E-stamping, through which users can scan the QR code on the e-stamp paper and check its authenticity, even without the internet.