Friday, May 28, 2010

Stalin launches e-stamping project


State government's attempt to root out fake stamp papers


M.K.Stalin

 Source : The Hindu, May 28,2010

CHENNAI: For complete eradication of fake stamp papers in circulation, the State government on Thursday launched an e-stamping project for registration of of documents.

As a pilot project, it is being implemented in nine sub-registrar offices in Chennai and will subsequently be extended to other registration offices in the State.

e-stamping can be used for execution and registration of any type of documents such as sale, mortgage etc. A single e-stamp suffices for any denomination. According to the Stock Holding Corporation of India, which has been authorised to implement the project, e-stamping of certificates is just like stamp papers, which are generated online. Registration of documents is done after verifying the payment of stamp duty online.
e-stamping has its own security features such as unique identity number , 2 D barcode, microprint and locking system.

Collection centres are being set up in all sub-registrar offices in the city. The registrants have to submit a duly filled-in application form. Stamp duty can be paid in these centres by cash/DD electronic money transfer system. Facility has also been provided to registrants for verifying the details given by them through a model certificate. Documents prepared through e-stamping, which has enriched security features, can be executed and registered in the office concerned without any difficulty. Online facility is available for verifying the genuineness of the certificate and registration will be completed by the registering official then and there.

On Thursday, Mr. Stalin issued e-stamps to 44 registrants. The facility is now available in sub-registrar offices in Chennai South, T. Nagar, Chennai Central, Triplicane, Mylapore, Chennai North and Royapuram.
Tourism and Registration Minister N. Suresh Rajan; Nasimuddin, Secretary, Commercial Taxes and Registration Department; and R. Sivakumar, Inspector General of Registration, were present.

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