The Government of Puducherry on Friday signed an agreement with the Stock Holding Corporation of India Limited to implement e-stamping facilities for registration of properties and land-based transactions.
The Stock Holding Corporation of India Ltd (SHCIL), a company formed at the initiative of the Central Government, is the sole Central Record Keeping Agency (CRA) appointed by the Ministry of Finance to implement e-stamping in the country Puducherry will become the thirteenth State/Union Territoryto implement the e-stamping procedure. It is expected to be in place within a month.
It will give public an option of paying their stamp duty in a hassle free manner. It is aimed at eliminating corruption and preventing the circulation of fake stamp papers. District collector, S B Deepak Kumar said the system is secure, reliable and will ensure that the stamp duty paid by the public reaches the government safely.“It will do away with the risks associated with the physical stamping of documents. The e-stamp certificate is tamper-proof and comes with advance security features.” The agreement was signed by K R Meena, Puducherry Revenue Secretary, and Meera Ranganathan, Regional Manager, SHCIL.