fresh fusion

E stamping now in Belgaum at SHCIL Club road

belagavi

At last it is good news for Belgaumites, you can get your document E stamped instead of waiting at the Sub registrar’s office to get it stamped. After the non availability of stamp papers in the bank citizens were facing tremendous hardships for getting their documents stamped legally. estamp

You can get E Stamping done at Shcil, Basavakrupa 1, Club Road, Opp. Civil Hospital, Near Hansraj Supermarket, Belgaum.
Telephone: 469817, Email: [email protected]

Bella Vista Belagavi

estamp1

E-Stamping is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government.

1 e-Stamp Certificate can be generated within minutes
2 e-Stamp Certificate generated is tamper proof
3 Authenticity of the e-Stamp certificate can be checked through the inquiry module.
4 e-Stamp Certificate generated has a Unique Identification Number (UIN).
5 Specific denominations is not required

UIN is a Unique system generated number mentioned on the e-Stamp Certificate. Anybody, having the Unique Identification Number, can check the authenticity of the Certificate through www.shcilestamp.com .

How will one get a Stamp Certificate?

The client has to approach an ACC (authorized collection centre) appointed by SHCIL and fill up the application form as prescribed in the e-Stamping system. Stamp Certificate is generated only after realization of funds.

When will I get the Stamp Certificate from ACC?

After submitting a duly filled and signed application form, the ACC will enter the details into the system and a Stamp Certificate would be generated immediately in case of cash and in case of Cheque/DemandDraft/Payorder/RTGS/NEFT/Account to Account Transfer only after realization of funds.

Important instructions for the client

1. Clients are expected to check the preview of the certificate and sign on preview before certificate is generated.

2. Once a e-Stamp is generated, then it cannot be edited/modified in any manner.

3. Preserve the e-Stamp carefully; Duplicate copy of e-Stamp is not issued.

http://www.shcilestamp.com/FAQ.html

List of Registrable & Non-Registrable Instruments

Sr. No.

Description of Instrument

Proper Stamp Duty

1.

Acknowledgement

Rs.2/- upto Rs.5000/-
Exceeding 5000/- Rs.2/- for every 1000/- or part there of.

2.

Administration Bond

The same duty as Bond No.12 upto Rs.1000/- and in any other case Rs.100/-.

3.

Adoption Deed

Rs.500/-

4.

Affidavit

Rs.20/-

5.

Agreement relating to Sale of Immoveable property.

i) Same duty as conveyance on the market value of the property when the possession of the property is delivered or agreed to be delivered.
ii) Rs.10/- to Rs.200/- depending upon the value of the property where the possession of the property is not delivered.

6.

Agreement relating to DTD

0.5% on the loan amount

7.

Appointment in execution of power

Rs.1000/-

8.

Appraisement or Valuation

The same duty as Bond No.12 upto Rs.1000/- and in any other case Rs.100/-.

9.

Apprenticeship

Rs.50/-

10.

Article of Association

Rs.500/- for every Rs.10 lakhs or part there of.

11.

Award

Same duty as bond on the MV of the property which is the subject matter of Award.

12.

Bond

Rs.5/- for every Rs. One Hundred upto Rs.1000/-.

Rs.25/- for every Rs .Five Hundred or part there of in excess of Rs.1000/-

13.

Bottomry Bond

Same duty as Bond No.12.

14.

Cancellation of Instruments

The same duty as on the original instruments.

15.

Certificate of sale

Rs.1/- for Rs.10/- Purchase Money.

Rs.1.50/- for the Purchase Money exceeding Rs.10/- but below Rs.25/-.
Duty on conveyance in any other case.

16.

Certificate or other documents, evidencing the right or title of the holder there of, or any other person, either to any share, script or stock in or of any incorporated company or other body corporate or to become proprietor of share, script or stock in of any such company or body.

Rs.1/- for every Rs.1000/- or part there of the value of the share script or stock.

17.

Certificate of Enrolment

Rs.500/-

18.

Charter Party

Rs.50/-

18(A)

Clearance List

The sum of duties chargeable under Article 5(b),(e),(c) and Article 37(e), (b) or (c) as the case may be.

19.

Composition Deed

Rs.100/-

20.

Conveyance

7.5% of the Market value

21.

Copy of a extract

Rs.5/- to Rs.10/-

22.

Counter part or Duplicate

Rs.4.50 paisa to Rs.50/-

23.

Customs Bond

Same duty as bond upto Rs.1000/- in any other case Rs.100/-.

24.

Delivery order in respect of Goods

Rs.1/- where the value of Goods does not exceed Rs.1000/-
Rs.5/- for every Rs.1000/- where the value of the Goods exceeds Rs.1000/-.

25.

Divorce

Rs.100/-

26.

Exchange of Property

Same duty as conveyance No.20 for market value equal to the market value of the property of greatest value which is subject matter of exchange.

27.

Further Charge

Same duty as conveyance No.20 for market value equal to the amount of the further charge secure for such instruments

28.

Gift

Same duty as conveyance No.20 for market value equal to the market value of the property which is the subject matter of gift.

Rs.1000/- Where the donee is a member of the family of the donor.

29.

Indemnity Bond

Same duty as a Security Bond No.47.

30.

Lease of Immovable Property

The duty chargeable varies depending upon the amount of rent, lease period and lease granted for amount advanced etc. Kindly go through the Article for details.

31.

Letter of Allotment

Rs.1/-

32.

Letter of License

Rs.100/-

32 (A)

License of Immovable and Movable Property

The duty chargeable varies depending upon the amount of rent, lease, license period and license granted for the lumpsum amount advanced etc. Kindly go through the Article for details.

33.

Memorandum of Association of a company

Rs.1000/- if accompanied by the Articles of Associations u/s 26 of companies Act 1956.
The same duty as under Article No.10, according to the share capital of the company if not accompanied as above.

34.

Mortgage Deed

Same duty as conveyance No.20. when possession is given.
Rs.50 paisa for every Rs.100/- or part there of when possession is not given.

35.

Mortgage of a Crop

The duty chargeable varies depending upon the amount secured and the period of re-payment etc. Kindly go through the Article for details.

36.

Notarial Act

Rs.10/-

37.

Note or Memorandum

Rs.1/- for every Rs.10,000/-

38.

Note of Protest by the Master of a ship

Rs.2/-

39.

Partition

Rs.250/- to Rs.500/- depending upon the nature of the property.

40(A)

Partnership :

Rs.100/- where capital does not exceed Rs.5000/-
Rs.1000/- in any other case.

40(B)

Reconstitution

Same duty as conveyance No.20 on the MV of the property of the Immovable property remaining with the firm.
Rs.500/- in any other case.

40 (C)

Dissolution

a) The same duty as conveyance for a market value equal to the market value of the property distributed or allotted or given to partner or partners under the instrument of dissolution, in addition to the duty which would have been chargeable on such dissolution if such property has not been distributed or allotted or given.

b) In any other case Rs.500/-

41.

Power of Attorney

When given to a promoter or developer by a whatever name called for construction, development on, or sale or transfer of any immoveable property situated in Karnataka. Rs.10,000/- to Rs.1.50 lakhs based on the market value of the property.

When given to a person other than Father, Mother, Wife or Husband, Sons, Daughters, Brothers, Sisters in relation to the executants authorizing such person to sell immoveable property situated in Karnataka. 7.5% on the market value of the property.

In any other case Rs.100/-

42.

Protest of Bill

Rs.10/-

43.

Protest by the Master of a Ship

Rs.5/-

44.

Re-conveyance of Mortgage

Same duty as conveyance No.20 on the MV equal to the amount of such consideration not exceeding Rs.1000/-.
Rs.100/- in any other case.

45.

Release

Release is not between the family members, where the release is not for consideration 2.5% on the MV of the subject matter of release.

Release is not between the family members, where the release is for consideration 50% of the rate applicable to conveyance on the MV of the property which is the subject matter of release.

Where the release is between the family members Rs.1000/-.

Release of mortgage rights Rs.100/-

46.

Respodentia Bond

The same duty as Bond No.12, for the amount of the loan secured.

47.

Security Bond or Mortgage Duty

a) Same duty as Bond No.12 for the amount secured does not exceed Rs.1000/-
b) Rs.100/- in any other case.

48.

Settlement

I. Same duty as conveyance for market value equal to the market value of the property which is the subject matter of the settlement where disposition is not for the purpose of the distributing the property of the settlor among is family.

II. Rs.1000/- where disposition is for the purpose of the distributing the property of the settlor among the members of his family.

49.

Share Warrants

One half times the duty payable on a conveyance for MV equal to the nominal amount of the shares specified in the warrants.

50.

Shipping

Rs.2/-

51.

Surrender of Lease

1. The duty with which such lease is chargeable where the duty chargeable does not exceed Rs.22.50 paisa.

2. Rs.100/- in any other case.

52.

Transfer

Please see the Article.

53.

Transfer of Lease

a) Same duty as conveyance for a market value equal to the amount of consideration if the remaining period of lease does not exceed 30 years.
b) The same duty as conveyance on the market value of the property which is the subject matter of transfer, where lease period exceeds 30 yrs.

53(A).

Transfer of License

Same duty as conveyance No.20

54.

Trust : A) Declaration

i) Concerning any money of amount conveyed by the author to the trust as corpus.

ii) Concerning any immovable property owned by the author and conveyed to the trust of which, the author is the sole trusties.

iii) Concerning any immovable property owned by the author and conveyed to the trust of which, the author is not a trusties or one of the trusties.

B) Revocation of concerning any property when made by any instruments other than a will.

Rs.500/-

Rs.500/-

Same duty as conveyance for MV of the property conveyed.

The Same duty as Bond No.12 for a sum equal to the amount or value of the property concerned as set forth in the instruments but not exceeding Rs.200/-

55.

Warrant of Goods

Rs.10/-

SHARE

1 COMMENT

  1. Now only for this initiative we can appreciate our Govt.

    Above all a very very Informative article Mr.Uday.K , especially the applicable rate of Stamp Duty on various execution of Instruments/Documents.

LEAVE A REPLY