Some frequently asked questions
Question 1: What is e-Stamping?
Answer: e-Stamping is a Computer based Application and a secured way of paying Non-Judicial stamp duty to the Government.
Question 2: What is Stamp Duty?
Answer: It is the type of tax collected by the state of Government.
Question 3: What is Unique Identification Number (UIN)?
Answer: UIN is a unique system generated number mentioned on the e-Stamp Certificate. Anybody, having the Unique Identification Number can check the authenticity of the Certificate through SHCIL.
Question 4: How can I verify the authenticity of an e-Stamp?
Answer: Authenticity of e-Stamp can be verified through these Steps:
- Open website shcilestamp.com
- After that Click on “Verify e-Stamp Certificate
- Fill the Required Details.
Details include:
- State
- Certificate Number(UIN)
- Stamp Duty Type(Description of Document)
- Certificate Issue Date
- 6 character alphanumeric string
Question 5: Is only First Party can be the purchaser of e-Stamp Paper?
Answer: No, e-Stamp Paper can be purchased either by First Party or by Second Party.
Question 6: Who covers under Second Party?
Answer: Second Party can be Tenant, Vendee, Transferee, Donee etc.
Question 7: What is Consideration Amount?
Answer: Consideration amount is the total value of funds involved in any purchase/sale transaction entered between two or more parties.
Question 8: Is it possible that more than one person can purchase a single e-Stamp Paper, If yes than whose name will appear on e-Stamp Paper?
Answer: Yes, it is possible to purchase a single e-Stamp Paper on the names of more than one person and the format of names on e-Stamp Paper will be like:
First person Name & Others
Question 9: What is meant by Description of Document?
Answer: Description of Document means the Purpose for which you are purchasing the e-Stamp paper. Description of Document includes Affidavits, Indemnity Bond, Rent Agreement etc.