Now, Delhi to issue e-stamps of all denominations

After Karnataka, Delhi is likely to become the second state to issue e-stamp papers in all denominations as the Cabinet has decided to bring non-judicial stamp papers of Rs 500 denomination and below too under the e-stamp mode.

The complete switch over to e-stamp mode is expected to prevent fraud. The state government had earlier implemented e-stamping of non-judicial stamp papers of denominations of Rs 501 and above with effect from April 1, 2008. The e-stamp collection per month now is about Rs 200 crore.

However, non-judicial stamp papers of denomination of Rs 500 and below are still being sold in the physical form. On receipt from security press at Nashik, these papers are first kept at Delhi Treasury, and then they are purchased by various licensed stamp vendors on a day-to-day basis and on limits set on their license.

The annual sale of the physical non-judicial stamp papers is about Rs 60 crore .

Savings
“By bringing e-stamp papers of Rs 500 and below under the e-stamp mode, the government will save a huge amount of payment of printing charges to Government of India Press, Nashik and on transportation expenditure to Delhi and further loading and unloading charges,” said Chief Minister Sheila Dikshit.

Giving a commission at the rate of 0.65 per cent to Stock Holding Corporation of India Limited (SHCIL) for issuing e-stamps will be much less compared to the commission being paid to stamp vendors, she added.

Tamper-proof
The e-stamp papers are tamper-proof, secured electronic payment gateway to the government and the authenticity of the certificates is easily checked.

“The e-stamp papers have a unique identification number and a specific value,” said a  government official.

“With its introduction, the human interface to the public will be further reduced and the
online stamp duty certificate will be generated within minutes across the counter,” the official added.

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