Detailed Guide on e-Stamp Punjab!

IN THIS POST:

Stamp Duty is a significant source of revenue for the Government of Punjab, and the Board of Revenue collects the same. But conventional methods have created lots of gaps.. There was a failure in the collection of dues and other issues. Resultantly 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 stamp papers whatever nature and case be for real estate investment of any form. As well as powerful features have introduced to facilitate the stakeholders of their day to day activity shortest time.

Here’s a detailed guide on e-Stamp Punjab and how it works.

WHAT IS E-STAMP PUNJAB?

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,  That must fill to pay the required stamp duty and receive the legal stamp papers with 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 procedure covers all high-value judicial and non-judicial stamping documents. And turns a process which took at least two to three days into a fast and efficient online service.
The initiative was launched in 2016 to maximise convenience and transparency while ensuring minimal inconsistencies in stamp duty payment. The traditional stamp paper-based method was subsequently brought online and phased in throughout Punjab making it simpler than ever for property buyers and sellers to get Challan 32-A without waiting in lengthy lines.

SERVICES OFFERED BY E-STAMP PUNJAB

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 talk in depth about each of these E-Stamp Punjab services.

GENERATION OF A NEW CHALLAN FORM NO. 32-A

Generate-Challan-32-A-process
Fill the Challan Form 32-A to Find Out More About Your Dues [Credits: Official Website of e-Stamp Punjab]

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 of learning more about the applicable dues with regards to CVT, registration fee, or comparison fee. In general, here is a guide to how much CVT and Stamp Duty charged in Punjab for your reference.

CALCULATION OF PROPERTY’S VALUE AS PER DEPUTY COMMISSIONER (DC) RATES

Calculate-DC-Valuation-2020-08
DC Rates Will Differ Based on the Size of Your Property [Credits: Official Website of e-Stamp Punjab]

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 immovable property and must pay to register a property with the local registration authorities. Fill the Form, as shown in the screenshot above, to get the DC rate of your immovable property.

REPRINTING OF AN EXISTING CHALLAN 32-A

Enter the Challan Number in the space provided to get a printable copy of the form. That 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.

re-print challan 32-A
[Credits: Official Website of e-Stamp Punjab]

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 Search Box. So you get a detailed record of your documentation, i.e. stamp details, deed details, property/challan information, DC valuation, agent details, as well as seller and purchaser details.

verify-stamp-paper
[Credits: Official Website of e-Stamp Punjab]

And, You can SMS ‘eStamp’ followed by the 16-digit stamp paper number to 8100 to validate your e-Stamp procedure.

PROCESS OF GETTING A STAMP PAPER VIA E-STAMP PUNJAB

Image

[Credits: Official Website of e-Stamp Punjab]

Get Your e-Stamp Paper in Three Easy Steps.

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 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 use 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 as defined under the Court Fee Act. 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, i.e. sales deed, rental contracts, General Power of Attorney,  affidavits, business partnership deals, and other necessary, 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 process via the e-Stamping website. Non-judicial stamp duties can vary based on several 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 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 upPakistan Blog. We await your comments and feedback on our posts at blog@uppakistan.com.

*[Logo for the Cover Image Has Sourced from the Official Website of e-Stamp Punjab]

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