The Punjab Government is all set to implement the e-stamping system for registration deeds with the State Cabinet approving ‘Punjab e-Stamp Rules, 2014’.
“This path breaking people-friendly initiative has been taken by the Revenue Department in which efforts would be made to involve stamp vendors in authorised collection centers of e-stamping system to give them an opportunity to enhance their earning,” said Revenue Minister Bikram Singh Majithia.
He said that under the system all registration deeds requiring stamps above `50,000 would be covered by e-stamping system and Revenue Department was signing agreement with Stock Holding Corporation of India (SHCIl), a central record keeping agency to implement this system.
Finalising the arrangements for State-wide implementation of e-stamping system in a high level meeting, Majithia said that SHCIl would appoint authorise collection center franchise throughout the state in which stamp vendors would also be involved.
Besides, SHCIl would impart training to the users, sub-registrars officers and Government officers for effective implementation as well as monitoring of the system. For the purpose, Majithia directed the Deputy Commissioners to upgrade the requisite infrastructure in all sub registrar offices.
Announcing the roll out of e-stamping from November 2014, 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 and by February 2015, on completion of 10 years of SAD-BJP Government, entire state would be covered by the state-of-art e-stamping system.
“SHCIl is an experienced e-stamping agency that has already successfully implemented e-stamping in 15 other states,” said Majithia.