To facilitate online registration along with making the process completely transparent, hassle-free and secure, Punjab is all set to roll out e-stamping of property registration.
“In the first phase of Governance reforms, the Government had computerised property records and now in the second phase, we are focusing on making revenue transactions citizen-centric and speedy,” said State Revenue and Rehabilitation Minister Bikram Singh Majithia while interacting with media after inaugurating the new sub-tehsil office on Monday.
Majithia said that the Government was set to sign an MoU with Stock Holding Corporation of India (SHCIl), a central record keeping agency, to implement this system. Punjab Cabinet had already notified a detailed policy regarding e-stamping, he said.
He said that all Deputy Commissioners have been directed to upgrade infrastructure in offices of registrars to make Statewide roll out by January 1, 2015, possible.
SHCIl would impart training to the users, sub-registrars officers and Government officers for effective implementation as well as monitoring of the system. “The Government would also watch the interests of stamp vendors, who would be adjusted as franchises in e-kiosks of e-stamping system to give them an opportunity to enhance their earnings. Under the system, all registration deeds requiring stamps above Rs 50,000 would be covered by e-stamping system,” he added.
Majithia said that in the first phase, SAS Nagar, Jalandhar and Bathinda would be covered as pilot districts and in December, Patiala, Sangrur, Ropar and Amritsar would be covered. “By next three-four months, the entire State would be covered under this system,” he said.
The Minister said that he had received a consolidated report of under valuation of registered deeds throughout the State and had asked the revenue department to recover undervalued amount from the buyer besides initiating exemplary disciplinary action against erring officials. “The estimate of this undervalued deeds is around Rs 150 crore,” he said.