Stamps will be available with service providers in Madhya Pradesh
BHOPAL: Newly amended Madhya Pradesh Stamp Rules in
the context of e-registration and electronic stamping system have been
implemented throughout the state with effect from November 1, 2014.
According to the amendments, stamp papers will be
available for sale with service providers besides stamp sellers. Two categories
of service providers have been constituted. Under the first category
individuals will be given licence for one year. Banks, financial institutions
or post offices can become service providers under the second category, whose
licences will be valid for 2 years.
Rs 1,000 has been prescribed as fee for issuance and
renewal of licence which will be non-refundable. Fee for duplicate licence has
been prescribed as Rs 500.
A provision has been made to dispose of applications
of service providers for licence within a month. It would be mandatory for
service providers to provide facilities of electronic signature, computer,
printer, bio-metric device, electronic writing pen, web camera, UPS and scanner
and prescribed computer peripherals along with broadband or high speed
Service providers will be able to start process of
registration through electronic registration system. Evaluation of property,
stamp duty payable on it and calculation of registration fee will be done
through electronic registration system.
Service provider will be responsible to draft
documents and book slot for documents worthy of registration. Service providers
will also make available facilities of search of registered documents and
download their copies.
The service provider will generate e-stamp code for
documents not requiring registration. Inspector General Registration will
prescribe mode of payment for purchasing e-Stamp. Draft of application for
e-Stamp has also been given in rules. Service provider will only issue e-Stamp
for documents whose registration is necessary.
A Unique Login ID and password will be given by the
department to service providers for these works. Powers for review suspension
or rejection of licence have been vested in Regional Deputy Inspector General
Registration. As per new rules, decision of Inspector General Registration will
be considered as final.