Wednesday, 12 November 2014

E-Stamp Paper Introduced In Pakistan

It is expected that the e-stamp process will be launched for the public in a month. The process will be as follows:

Process:
  • An internet connection to access the system online
  • Information required to be entered in the system will be the names of the buyer, seller and the person from whom stamps were purchased along with their CNIC
  • If the CNIC gets verified, a challan form 32-A will be generated based on the provided data
  • The stamp paper buyer will then take the issued challan form to the nearest branch of National Bank/ Bank of Punjab or at any dedicated bank counters established in the offices of sub-registrars
  • Once the stamp duty fee is paid, the bank will print and handover the stamp paper on especially designed legal size paper.
  • The stamp paper will then submitted to the sub-registrar/housing society/ authority/land developers or as the case may be.


 

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