Karnataka e-Stamp Paper

Last updated : December 17th, 2019 05:58 pm

Karnataka eStamp Paper

To register property in India, the buyer is required to pay charges in the form of stamp duty for registration. Previously, stamp duties were paid by purchasing stamp papers from authorised stamp vendors or treasury at the time of property registration. The Department of Stamps and Registration, Government of Karnataka has now facilitated the payment of Stamp Duty through the purchase of eStamp paper. In this article, we look at the procedure for purchasing Karnataka eStamp paper in detail.

Know more about TDS on Property Purchase

Stamp Duty

As described above, the stamp duty is a kind of tax that needs to be paid at the time of Karnataka property registration. This legal tax needs to be paid as proof for any purchase of immovable property or land or registration of deed. Stamp Duty is calculated on market value or consideration amount of the property, whichever is higher. The stamp duty for Karnataka Property registration is five rupees for every hundred on the market value of land. You can also obtain stamp duty value online through Kaveri portal.

Note: Consideration amount is the total value of funds involved in any purchase or sale transaction entered between two or more parties.

Access the home page of the Department of Stamps and Registration, Government of Karnataka -Kaveri portal. Select Stamp duty and Registration Fee, calculator from the home page of Kaveri portal. By clicking on this option, the link will redirect to new page.

Select the nature of the document from the drop-down menu. Upon selecting document type, the list of stamp rule will be displayed. Select the appropriate stamp rule.

By clicking on the Show details button, the stamp duty for property registration will be shown.

Stamp Paper

Stamp paper is one of the traditional ways of paying stamp duty and property registration charges. The owner of a property needs to purchase non-judicial stamp paper from an authorised vendor or Treasury in Karnataka. Once the non-judicial stamp paper is obtained, the property transaction details will be written or typed on that.

Karnataka e-Stamp Paper

Karnataka e-Stamp Paper is a computer-generated alternative for conventional stamp papers. To avoid counterfeit stamp papers and to make Karnataka property registration easy, the Government of Karnataka introduced e-stamping. As per The Karnataka Stamp Act, 1957 Act, transaction above Rs. 1 lakh should be paid only with Karnataka e-stamp.

Benefits of Karnataka e-Stamp paper

Karnataka e-Stamp paper can be used regarding all instruments on which stamp duty is payable. Such instrument includes all transfer documents such as sale deed, mortgage deed, exchange deed, gift deed, conveyance deed, and power of attorney, deed of partition, lease deeds, agreement of tenancy, leave and license agreement. The benefits of using Karnataka e-Stamp Paper is explained in detail below:

• Karnataka e-stamp paper is a convenient method for tax at the time of property registration
• Usage of Karnataka e-stamp paper eliminates the need of non-judicial stamp papers for deed registration
• All details of property registration stamp duty can be obtained from a single online portal
• Karnataka e-stamp paper online purchase makes the property registration process quick
• Karnataka e-stamp paper is tamper proof
• Validation is very easy with Karnataka e-stamp paper

Attribute in Karnataka e-Stamp Paper

The Karnataka e-Stamp certificate will contain below-mentioned details.

• Name of payee
• e-Stamp paper Serial number
• Government Receipt Number (GRN)
• Payment Date and Time
• Nature of property or land
• Department Reference Numbers
• Value of immovable property or land
• Amount of stamp duty paid

Licensing Authority

The Stock Holding Corporation of India Limited (SHCIL) is appointed as the Central Record Keeping Agency for issuing Karnataka e-Stamp paper.

Procedure to Purchase Karnataka e-Stamp Paper

Procedure to purchase Karnataka e-Stamp Paper is explained in step-by-step guidelines here:

Step 1: You have to ascertain the Karnataka property registration reference number and the amount of stamp duty payable from the concerned Registration office.

Submit an Application

Step 2: Approach the nearest counter of CRA in Registration office or CRA branch office or Authorized collection centres (ACC) and fill up the Karnataka e-Stamp Paper application form.

We have here with attached an application form for Karnataka e-Stamp Paper:

Step 3: After providing details in e-stamp paper such as property/land details, first party information, Second party information, the rate of stamp duty payment furnish the application form at the counter.

Make Payment

Step 4: Applicant can make the payment through any of the following ways to get Karnataka e-stamp paper:

• Cash
• Cheque
• Demand Draft
• Pay Order
• RTGS
• NEFT
• Account to Account transfer

Get Karnataka e-Stamp Paper

Step 5: Once the payment for stamp duty is made, the Karnataka e-Stamp Paper will be generated and issued to the applicant.

Step 6: In the case of payment made through Cheque/DD, the applicant will get a receipt from the counter. Upon crediting the amount to the CRA account, the applicant can get the Karnataka e-Stamp Paper from the concerned counter.

Step 7: After obtaining the debit confirmation from the concerned bank, visit the nearest concern counter; submit the transaction reference provided by the bank along with duly filled the e-Stamp Application Form to get the e-Stamp paper.

Step 8: For registering property in Karnataka, visit the concerned registration office with the Karnataka e-Stamp Paper along with the deed.

Verify Karnataka e-Stamp Paper

For verifying Karnataka e-Stamp Paper, you need to visit the home page of the CRA web page. From the home page click on verify e-Stamp certificate option. The link will redirect to new page.

In the new page, select the state as Karnataka from the drop-down menu and provide following details for verification.

• Certificate Number
• Stamp Duty Type
• Certificate Issued Date

On clicking the verify button, details of e-stamp paper will be displayed.

You can also Verify Certificate – via a barcode scanner. Enter the given alphanumeric string for verification. On clicking the verify button, details of e-stamp paper will be displayed.

Note: The existing system for payment of stamp duty by stamp papers through treasury or stamp vendors will become available. The payment of stamp duty via franking will also be available.