State Governments are increasingly conscious of Stamp Duty as a revenue source that is growing in every State. This is largely due to
boom in realty market, rationalization of Stamp duty rates, awareness building among public / citizens to get Registration of documents
from legal safety point of view and regular/yearly revision of market rate of properties by State Governments.
The most common method of collecting Stamp duty is through sale of Stamp Papers and Special Adhesive Stamps. These Stamp papers
and Stamps are printed at Government Security Press and supplied to various State Stamps departments across the country. The
system has all disadvantages relating to logistic and security.
After the Telgi scam relating to circulation of fraudulent stamps and stamp papers, the Government of India and State Government
has been looking for an alternative method of stamp duty collection in order to prevent the paper and process related fraudulent
practices, secured and reliable collection mechanism and storage and retrieval of stamping data to facilitate easy verification
and generation of MIS reports.
Existing scenarios
Presently, the following modes of stamp duty payment are prevalent in most states:
1. Stamp Papers (Judicial & Non Judicial) and Special Adhesive Stamps (This is the most commonly used method of paying Stamp
duty)
2. Depositing duty in Stamps and Registration Department,
3. Challans in designated banks
4. Franking on Document
The Forbes estamping Process
The Forbes e-Stamping system/model is based on highly secure, tamper proof and reliable collection mechanism, evidencing payment
of government duties on document through Secured Electronic Unit, enabling each stake holder to verify/validate and provide
various MIS reports.
Advantages of e-Stamping process
Citizen
• Convenience of completing transaction at AV centre
• Since stamp papers are hard to get, this provides an easy option
• Bulk users can get documents franked easily
To AV (Authorized vendor)
• Additional area of citizen service
• Fee based income
• Low investment
• Improved customer service
State Government:
• Advance Payment of Stamp values
• Secure method of evidencing of Stamp
• No leakage or misuse of stamp papers.
• Higher Citizen satisfaction
• Visibility of customer information
• Electronic MIS availability
• Verification and cancellation of used/registered stamp
Revenue department
• Collection of stamp duty and capture of customer
information
• Evidence of payment to custome
• Day-end MIS
• Consolidated sale values
• Sale per type of duty
• Sale per district/predefined geography
• Trend analysis
• Validation mechanism at Registration locations
• Online validation and electronic marking of stamp
