Update :: July 2011::
Buying stamp papers in Bangalore has changed ever since this article was written. The procedure now is like this:
1. Go to any sub-registrar’s office in Bangalore.
2. Procure an ordinary stamp paper from one of the shops nearby which sell these (not very hard to find).
3. Get the first page of the agreement typed, which mentions the name & address of parties between whom the agreement is executed.
4. Go to a window in the sub-registrar’s office, where you pay the necessary fees, and get the paper ‘Franked’.
Franking: A stamping machine is used to render a red-colored stamp on the paper, authenticating it, and showing the stamp value (also has sub-registrar’s signature).
5. Voila! You are done. This works for all types of documents, including rental agreements.
Note: I have noticed that in some cases, where the first page of the agreement is not typed, the name and address of the parties is written on the stamp paper itself (on the stamp), and the franking is done on that.
Buying stamp papers in Bangalore has been quite an ordeal of late. The serpentine queues in front of the State Bank of Mysore would be a nightmare for anyone who could even think of buying stamp papers. (Read here). Besides, it eats up almost the whole day, and comes as a curse for working professionals who are in need of stamp paper. So, what is the easy way out?
E-Stamping! The Stock Holding Corporation of India Limited is the company which has been authorized to sell e-stamp papers across Karnataka. (Check their e-stamping website).
There are quite a few e-stamping centers in Bangalore, where you could get a stamp paper with the denomination of your choice just within a few minutes. However, instead of the papers printed with the rupee note kind of stamp at the top, here you would get an e-stamp. This is essentially a printed information with the document number, and a couple of other numbers, and it says Government of Karnataka e-stamping with the national emblem of three lions on it.
A couple of days back, I had been to the Domlur BDA complex (Near the Domlur bus-stand, adjacent to Domlur fly-over), which houses the Sub-Registrar’s office. I wanted to get an e-stamp paper. I was given a form to fill, where I had to mention the type of document, the first and the second party details (name and address should be suffcient. PAN number in case of high-value registrations), and sign it. The form should be given at the counter with the amount for which the stamp paper is sought. The amount could be paid in cash, or by way of demand draft. I guess this depends on the total amount being paid. I had to wait for approximately 10 minutes, and then the person at the counter gave me the e-stamped paper. The whole process took me just around 15 minutes. The stamp duty for different types of instruments is displayed on the notice board in the office. It is also available online here.
The e-paper is as authentic as the normal stamp papers. Also, since this has authentic numbers printed on it, anyone can verify the authenticity of the e-paper by logging on to this site (http://www.shcilestamp.com) and entering the appropriate numbers from the e-stamp paper.
The working hours for the e-stamping facility in Domlur BDA complex is from 9:45am to 4:30pm with a lunch break from 1:00pm to 2:30pm. It is open from Monday through Saturday. In addition to Domlur, this service is also available in Jayanagar and Koramangala sub-registrar’s offices (SHCIL branches). The government is also looking at making e-stamping the only way of buying stamp papers in future, as this eliminates all duplicate stamp papers and scams, and also renders authenticity to the papers by way of printing these numbers and making them available online.
Thanks to Kiran for providing useful information in his journal.
Addresses of SHCIL e-stamping centres in Bangalore:
SHCIL, Bangalore Stock Exchange Ltd.,
Stock Exchange Towers, 51, 1st Cross,
J.C. Road, Bangalore,
PIN : 560027
Ph: (080) 22995246, 22995236
Shop No.7, Ist Floor,
#44, 33rd Cross, Jayanagar, 4th T Block,
PIN : 560011
Ph: (080) 26991062, 26991060
Shcil, # 103, 1st Floor, Mig
Khb Colony, 17 Th Main, 5th Block
PIN : 560034
Ph: (080) 25529149, 25529150
Shcil, No.13 Vasant Milan, 1st Cross,
PIN : 560003
Ph: (080) 23318225, 23560525
Shcil, Domlur BDA complex,
Near Domlur Bus Stand, Bangalore
PIN : 560038
Ph: (080) 25352907