UP allows net banking to pay stamp duty on property

Lucknow, Aug 12 (IANS) Uttar Pradesh is all set to allow the use of net banking and debit cards to pay registration and stamp fees on property transactions.

A notification allowing people to directly transfer the fees into the state treasury has been issued by the Stamp and Registration department.

"Security testing of the software is underway and the system of e-payments will be made available to the people from next week," Principal Secretary (Stamp and Registration) Anil Kumar said.

For e-payment of a property, a user will have to log on to the department website, click on e-payment link and then choose the mode of payment.

The rates would be calculated as per the details of the property and communicated instantly to the person, and he or she can deposit the fees subsequently, an official said.

The new facility will allow people to avoid the hassle of queuing up at courts to first buy registration papers and stamps from the treasury and then to deposit the fees.

The state cabinet, presided over by Chief Minister Akhilesh Yadav, had on August 8 approved the new system of paying the stamp and registration fees.