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What is an estamp and how is it used in property registration?
An e-stamp is a digitally generated stamp duty payment certificate used in property transactions, replacing traditional physical stamp papers, and is generated through authorized government portals or agencies.
How E-Stamping Works
- Buyer or applicant pays stamp duty online or through an authorized center
- A unique e-stamp certificate with a barcode is generated as proof of payment
- Certificate is used during property registration at the Sub-Registrar's office
Benefits of E-Stamping
- Reduces fraud risk associated with counterfeit physical stamp papers
- Speeds up the property registration process
- Provides easily verifiable digital records
States Using E-Stamping
- Most Indian states have adopted e-stamping through authorized providers
In summary, e-stamping has modernized property registration by replacing physical stamp papers with secure, verifiable digital certificates. It significantly reduces fraud risk and speeds up the transaction process.
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