IN THIS POST:
– What is e-Stamp Punjab?
– Services Offered by e-Stamp Punjab
– Process of Getting an e-Stamp Paper
– Significance of e-Stamping for Real Estate Investors
– FAQs
Stamp Duty is a major source of revenue for the Government of Punjab and is collected by the Board of Revenue. However, traditional practices left plenty of loopholes, and there was a failure in the collection of dues at times, which is what led to the revolutionary e-Stamp Punjab project that automates the generation of a stamp paper and makes it easier for property buyers and sellers to pay their dues and receive the legal documentation for real estate investment of any form.
Here’s a detailed guide on e-Stamp Punjab and how it works.
What is e-Stamp Punjab?
With the help of the Punjab Information Technology Board (PITB), the Board of Revenue, Punjab, is on a mission to digitise the generation of the Challan Form 32-A, which must be filled to pay the required stamp duty and receive the legal stamp papers in relation to all property buying and selling ventures. Individuals can visit any of the Bank of Punjab branches for the payment of stamping fees.
The e-Stamping process is applicable to all high-value judicial and non-judicial stamp papers and has converted a process that used to take at least two to three days into a quick and efficient service which can be availed online.
The project was initiated in 2016 to maximise ease and transparency and ensure minimum discrepancies in the payment of stamp duties. The conventional paper-based system was then taken online and introduced in phases all across Punjab, making it easier than ever for property buyers and sellers to get Challan 32-A without waiting in long queues.
Services Offered by e-Stamp Punjab
Here are the services offered by e-Stamp Punjab on its website:
- Generation of a New Challan Form No. 32-A
- Payment of Deficient Capital Value Tax (CVT), Registration, or Comparison Fee
- Calculation of a Property’s Value as per Deputy Commissioner (DC) Rates
- Reprinting of an Existing Challan 32-A
- Payment of Deficient Stamp Duty or Penalty on e-Stamps
- Verification of Your e-Stamping Process Online
Let’s discuss each of these services offered by e-Stamp Punjab in detail below.
Generation of a New Challan Form No. 32-A
Click the relevant service on the main page of e-Stamping Punjab to get to the Challan form. Fill the details in the form, as shown in the screenshot above, in three stages to receive a printable version of Challan 32-A. You can generate a challan for both judicial and non-judicial Form 32-A with this method.
Payment of Deficient Capital Value Tax (CVT), Registration, or Comparison Fee
Search for your particular challan number to learn more about the relevant dues with regards to CVT, registration fee, or comparison fee. In general, here is a guide to how much CVT and Stamp Duty is charged in Punjab for your reference.
Calculation of Property’s Value as per Deputy Commissioner (DC) Rates
If you want to pay stamp duty for property investment, you must know the DC Rate of the property. This rate differs from the Federal Board of Revenue’s (FBR) rate of taxation in terms of property and must be paid to register a property with the local registration authorities. Fill the form, as shown in the screenshot above, to get the DC rate for your land.
Reprinting of an Existing Challan 32-A
Enter the Challan Number in the space provided to get a printable copy of the form. This will include all the details, including the amount payable for the stamp paper. Click the Print button after connecting a printer to get a hard copy of your Challan for payment.
Payment of Deficient Stamp Duty or Penalty on e-Stamps
Enter your particular e-Stamp number to determine the remaining stamp duty to be paid or any penalties applicable in this regard.
Verification of Your e-Stamping Process Online
Once you have your stamp paper in hand, enter its 16-digit stamp paper number into the Verification through Web service, and get a detailed record of your documentation, including stamp details, deed details, property/challan information, DC valuation, agent details, as well as seller and purchaser details.
You can also verify your e-Stamp process via SMS by sending ‘eStamp’ followed by the 16-digit stamp paper number to 8100.
Process of Getting a Stamp Paper via e-Stamp Punjab
Here’s how to get a stamp paper via e-Stamp Punjab:
- Head to the website of e-Stamping Punjab and fill out the Challan Form 32-A.
- Print out the form after making sure that all the details are correct.
- Visit any branch of the Bank of Punjab.
- Pay the required stamp duty at the bank, along with submitting your Challan form.
- Get the e-Stamp paper immediately after payment at the bank.
- Verify the stamp paper online, as mentioned above.
You can also check out the User Guides online in both English and Urdu for both judicial and non-judicial stamp papers. Need more assistance? Call the e-Stamp helpline at 0800-08100 between 9 am and 5 pm on a working day to talk to the authority’s representatives.
You can also check out e-Stamping Punjab’s YouTube channel, where detailed step-by-step videos have been uploaded for each specific service.
The Significance of e-Stamp Punjab for Real Estate Investors
All property-related transactions need to be documented on a stamp paper to hold legal value in case of a dispute. Thus, e-Stamp Punjab should be used when:
- Buying property
- Selling property
- Renting property
- Transferring property
FAQs
Here are some of the most common queries related to e-Stamp Punjab:
– What is a judicial stamp paper?
Judicial stamp papers are used for the administration of legal justice in a court of law. In easy terms, the fees for a court case is paid via judicial stamp papers to avoid cash transactions.
– What is a non-judicial stamp paper?
Non-judicial stamp papers include property agreements, such as sales deed and rental agreements, as well as the power of attorneys, affidavits, business partnership deals, and other important, legally binding contracts that you must have on paper for future reference.
– What is the approximate rate of stamp duty?
Judicial stamp duties can cost anywhere between PKR 21 to PKR 15,000, and all these can be processed via the e-Stamping website. Non-judicial stamp duties can vary based on a number of factors, and all forms with duties above PKR 500 can be processed online.
– From where can I get non-judicial stamp papers that are not of high values?
You will have to go to a stamp vendor to get a non-judicial stamp paper worth less than PKR 500.
– How is stamp duty calculated for non-judicial stamps?
Stamp duty is calculated based on of the data provided in the Challan form, including the size of the land, its location, its DC rates, etc.
Now you know all about e-Stamp services in Punjab and how to use it conveniently to get your printed Challan form ready for payment at the bank. Read about other digitisation efforts by the PITB like the ePay Punjab app on Zameen Blog. We await your comments and feedback on our posts at blog@zameen.com.
*[Logo for the Cover Image Has Been Sourced from the Official Website of e-Stamp Punjab]
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