Telangana Govt launches e-Stamps module
Hyderabad, April 11 (INN): The Telangana Government on Monday launched e-Stamps (e-Stamp duty in Telangana Assessment, Management & Payment System) module to replace existing system of payment of stamp duty, transfer duty, registration fee and other sums through challan into designated bank.
The e-Stamps module was launched by Deputy Chief Minister (Revenue) Mohammed Mahmood Ali at D-Block Conference Hall in the State Secretariat. Principal Secretary S.K. Joshi, Commissioner & IG Ahmed Nadeem, GCM SBH Vishwanadh and other senior officials were also present.
Speaking on the occasion, the Deputy CM informed that the Registration Department is registering around 10 lakh documents per annum. In the new State of Telangana, the department stood at 3rd revenue earner in the financial year 2015-16, collecting Rs. 3100 crore for government in the form of stamp duty and registration fee and around Rs. 650 crore for local bodies in the form of transfer duty. Total revenue earned was Rs. 3,750 crore with a growth of 24% over 2014-15. Therefore, there was a need to modernise the assessment, management and collection mechanism of stamp duty and other charges, keeping in mind the Citizen's comfort and financial prosperity of the State, he said.
The Deputy CM said under the e-Stamps module payment could be made through online or offline channels, as per convenience of the citizens. In the online method, the citizen can pay registration charges through net banking, debit card, credit card or IMPS through department web portal http://registration.telangana.gov.in. Offline payment can be made into any of the 900+ branches of SBH in the State. He said there was no scope for any manipulations in challans and online verification by Sub-Registrar is possible. Further, there is no need for maintenance of manual records either in Sub Registrar offices or in bank. It will lead to enhanced security for the government and convenience of the citizen, he said.
News Posted: 11 April, 2016
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