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The Chandigargh administration on Wednesday announced that it will introduce e-stamping of the documents in the union territory.
"Chandigarh will soon adopt this practice under India Stamp Act and send the draft notification to the union ministry of home affairs," a government spokesperson said.
"This system will have round the clock availability, save cost and will be user-friendly. It is more transparent and assures privacy of the client information," the spokesperson added.
At present, the documents that require stamp duty include agreements, deeds of conveyances, certificates of sale, bills of exchange, partitions, power of attorney to sell immovable property, deeds of settlement, transfers of lease, mortgage deeds, insurance and letters of credit.
"The whole transaction and the system will be protected by the-state-of-the-art security measures such as Secured Socket Layer (SSL) and encryption technology," stated the spokesperson.
