Punjab Government has decreased the limit of issuance of e-stamp certificates for registration of properties from present limit of Rs50,000 to Rs20,000.
The decision will authorise the Stock Holding Corporation of India (SHCIl) to issue e-stamp certificates for amount exceeding Rs19,999 and it would come in to force with effect from June 8.
Spokesperson said that a notification in this regard has been issued on Thursday.
With the implementation of this decision, while registering any property, if stamp duty amount exceeds Rs20,000, the buyers have to get e-stamp certificates from banks and this decision will be implemented throughout the State.