LAHORE: An E-Stamp paper is decided to be introduced to save millions of rupees and facilitate the citizens.
The Punjab Board of Revenue has taken this move to prop up eliminating the chance of fake stamp papers. This process will allow citizens to feed data online and the system will cater them with a specific code.
Under this system, credit cards will be accepted for the paper payment and specific bank challan will also be issued after the compilation of data feeding by the user. Now, any person wants to buy a high value non-judicial stamp will only need an internet connection to access the system online.
The data needed to be put into the system will be:
the names of the buyer, seller and the person from whom stamps were purchased along with their CNIC. The provided CNIC data will be verified online through NADRA database in real time. Once the verified, a challan form #32-A will be generated in accordance with the provided information.
The stamp paper purchaser will take the issued challan form to the nearest branch of National Bank or Bank of Punjab or to any dedicated bank set up in the offices of sub-registrars. After the stamp duty is paid, the bank will print and handover the stamp on especially prepared legitimate paper. After the consensus, the stamp paper will be submitted to the sub-registrar/housing society/ authority/land developers or as the case may be.
The stamp paper is prepared to serve multiple purposes including purchase and sale of land. It will simplify the procedure of selling and purchasing of real estate property while also creating hurdles for land mafia. Further, it will also be helpful for women in Pakistan to acquire inherited property.
Moreover, the Punjab government has already put its land records on computers allowing citizens to have access to their land records in no time without any cost. The E-Stamp system likely to be launched and feasible for the public within one month.