People Friendly Scheme for Depositing Stamp Duty

Haryana government has introduced a people-friendly scheme for depositing stamp duty at State Bank of India counters by substituting stamp papers. In a move to bring relief to property buyers and make transactions hassle-free, Haryana government has introduced a people-friendly scheme.

State revenue secretary Urvashi Gulati says that under the new scheme, an executant will have to deposit the amount of stamp duty at authorized counters of SBI branches. Under the present system, the executant has to shuttle between the treasury, treasury banks and tehsil offices many times while executing a transaction.

Under the new scheme, an executant will have to deposit the amount of stamp duty at authorized counters of SBI branches after filling the requisite challan form in triplicate. The bank will then issue a receipt on specially designed security paper, duly signed by an authorized officer for the amount deposited. The depositor has to then paste this receipt on the deed that is to be produced for registration.

The registration officer would accept the document after verifying the deposit of stamp duty from SBI over internet. The bank would charge nominal service charges ranging between Rs 20 and Rs 1,000 based on the value of stamp duty leviable. The instruments cannot be prepared and executed by an executant on a plain paper in the absence of a stamp paper.

Reference

Times Of India Stamp duty made easy

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