The physical transfer of ownership is not considered valid in the eyes of the law. To validate such a real estate transaction, the buyer must pay stamp duty, as proof of the purchase has been provided. Stamp duty is therefore the tax paid by the state at the time of the real estate transaction and has the transfer certificate properly kept in court. As far as the duty of the state is concerned, it generally varies from state to state. Nevertheless, there is a general pattern that is followed. Let`s take a look, for example, at the stamp duty imposed by the Karnataka government. In addition to the above documents, the Karnataka government imposes a stamp duty: the Karnataka government began work on the electronic stamp project in 2006. After two years, she finally launched the project with a pilot project in the Gandhinagar sub-repertory. The State Government has taken a positive step by taking this initiative and by de staging efforts to control the threat of fake stamp papers that harm the economy. All data associated with tampons is stored by SHCIL.
But the biggest advantage of using electronic tampons is that its authenticity can be verified online. Each paper stamped is equipped with a unique identification number (UIN) to verify its authenticity on the e-Stamping site www.shcilestamp.com. One of the reasons for the introduction of the electronic stamp system in Karnataka was the simplification of the stamp duty payment procedure and stamp freedom. E-stamping is a computerized application for collecting tax on stamps. It offers a safe electronic method for putting documents in place and preventing the expiration of government revenues. The electronic buffer system allows information to be stored in a protected electronic form and creates a centralized database for easy verification. The e-stamping system allows the Karnataka government and the public to generate reports on the Management Information System (MIS). According to a July 2020 report, the Tamil Nadu government should reduce stamp and registration fees for all leases over 12 months.
This is one of the conditions set by the World Bank for the financing of the housing sector strengthening programme in Tamil Nadu. A franchise agreement, also called the Business Franchise Agreement, is a document between two main parties, the party that will franchise its already well-developed business model, the franchisor, and the party that will accept certain general conditions to create its own franchise on the basis of this business model.