Chandigarh

Punjab decreases e-stamping certificates limit in property registration

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.

 

source-http://realty.economictimes.indiatimes.com/

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