Property registration goes online

Hyderabad: The Telangana Government on Monday launched e-Stamps (e-Stamp duty in Telangana Assessment, Management & Payment System) module to replace the 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 and Revenue Minister Mohammed Mahmood Ali in the State Secretariat.
Speaking after launching the e-Stamp, he informed that the Registration Department registers around 10 lakh documents per annum. In the new State of Telangana, the department earned third highest revenue in the financial year 2015-16, with collection of 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 per cent when compared to that of 2014-15. Therefore, there was a need to modernise the assessment, management and collection mechanism of stamp duty and other charges. This will help the government to ease the process of payments, he 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 citizens can pay registration charges through net banking, debit card, credit card or IMPS through department web portal https:// registration. telangana. gov.in. Offline payment can be made into any of the 900 branches of SBH in the State.
The Deputy Chief Minister said that there is no scope for any manipulations in challans and online verification is done by the Sub-Registrars. With this system, there is no need for maintenance of manual records either in Sub Registrar offices or in the banks.
Principal Secretary S K Joshi, Commissioner and IG Ahmed Nadeem, GCM SBH Vishwanadh and other senior officials were also present at the launch event.