The eStamp system, or electronic stamping, is an officially recognized method for digitally paying stamp duty. It serves as a secure and tamper-resistant digital substitute for traditional stamp paper. In India, the Stock Holding Corporation of India Limited (SHCIL) oversees and operates the eStamp system across various states.

When you generate an eStamp form online, it includes crucial details such as the date of issue, transaction value, parties involved, and a unique identification number (UIN). This number can later be used to eStamp verify the document’s authenticity.

Property management is the process of managing residential, commercial, or industrial real estate, including activities like leasing, renting, legal documentation, and maintenance. The role of eStamp paper in property management is central and includes:

1. Rental and Lease Agreements

A prevalent application of eStamp online is for lease agreements. Whether you are a property owner or a tenant, using eStamp paper ensures that the agreement is legally binding and compliant with local regulations.

2. Sale and Purchase Agreements

When buying or selling property, stamp duty must be paid on the agreement. eStamp paper makes it easier to pay this duty digitally and generate a legally valid document.

3. Power of Attorney and Affidavits

In property management, there may be situations where an owner grants power of attorney to an agent. This and other affidavits can be executed securely using an eStamp form.

4. Avoiding Fraud

Manual stamp papers can easily be forged and altered in terms of their dates. With the option to estamp verify using the UIN, estamp verification ensures transparency and protects all parties from fraudulent documentation.

•    Valid by Law : eStamp is accepted in judicial and governmental institutions.

•    Tamper-Proof : Once produced, it cannot be adjusted or reused.

•    Instant Access : Easily available through authorized vendors and online platforms.

•    Simplified Verification : You can easily verify the document online by inputting the UIN.

•    Eco-Friendly and Efficient : No printing or courier required—documents are available digitally.

You can get eStamp online by visiting the official SHCIL website or authorized vendors in your state. Upon submitting the necessary information, you will receive an eStamp form that includes a unique identification number All parties must thoroughly assess the document prior to affixing their signatures.

For those in the property management business, especially those handling multiple agreements, shifting to eStamp simplifies documentation, improves compliance, and minimizes legal risk.

For more information regarding estamp use for property management or transaction please contact oazkst.com