CHANDIGARH: Punjab government has decreased the limit of issuance of e-stamp certificates for registration of properties from the present Rs 50,000 to Rs 20,000.
This decision will authorise the Stock Holding Corporation of India (SHCIL) to issue e-stamp certificates for amount exceeding Rs 19,999 and it would come in to force with effect from June 8, an official spokesman said here on Thursday.
A notification in this regard has been issued today.
With implementation of this decision, while registering any property, if stamp duty amount exceeds Rs 20,000, then the buyers have to get e-stamp certificates from banks and this decision will be implemented throughout the state.
Get more of real estate
Subscribe to our mailing list and get interesting real estate stuff updates to your email inbox.