Delhi, India (PressExposure) August 28, 2009 -- In a move to bring relief to property buyers and make transactions hassle-free, Haryana government has introduced a people-friendly scheme for depositing stamp duty at State Bank of India counters by substituting stamp papers.

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 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 bank would charge nominal service charges ranging between Rs 20 and Rs 1,000 based on the value of stamp duty leviable, she added. Gulati says the depositor has to then paste this receipt on the deed that is to be produced for registration and present the same before a competent authority where the registration officer would accept the document after verifying the deposit of stamp duty from SBI over internet.

Presently, stamp papers worth up to Rs 10,000 can be purchased from stamp vendors. If the stamp papers required are over Rs 10,000, the executants have to purchase the stamp paper from the state treasury. Under the present system, the executant has to shuttle between the treasury, treasury banks and tehsil offices many times while executing a transaction. The instruments cannot be prepared and executed by an executant on a plain paper in the absence of a stamp paper.

Courtesy:- TOI dt:- 22-08-09

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In a move to bring relief to property buyers and make transactions hassle-free, Haryana

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Press Release Submitted On: August 28, 2009 at 7:47 am
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