The Punjab authorities has introduced a large improve in stamp paper charges, inflicting severe concern amongst residents.
In keeping with issued notification, the minimal worth of e-stamp paper has been raised from Rs100 to Rs300. The price for divorce-related stamp papers has surged from Rs100 to Rs1,000, whereas the stamp paper required for domicile certificates, used for college admissions and job purposes, has been elevated from Rs100 to Rs500.
Equally, stamp paper charges for brand spanking new electrical energy, fuel, and water connections have jumped from Rs100 to Rs1,000. The price of e-stamp paper for property sale agreements has been elevated considerably, from Rs1,200 to Rs3,000.
For non-property agreements, the e-stamp paper price has been raised from Rs100 to Rs500. As well as, for agreements valued as much as Rs500,000, the price has been elevated from Rs1,200 to Rs3,000, whereas agreements ranging between Rs500,000 and Rs1 million will now require a price of Rs6,000.
For agreements exceeding Rs15 million, the stamp paper price has been elevated by Rs20,000. In the meantime, the price for energy of lawyer e-stamp papers has been raised from Rs1,500 to Rs1,800.
Authorities have additionally made it obligatory for candidates to have a SIM card registered in their very own title as a way to acquire e-stamp papers.
Residents have expressed robust dissatisfaction over the steep improve, stating that the transfer will place an extra monetary burden on folks already fighting rising dwelling prices.
