Categories
E-stamping

Transforming Real Estate Transactions in India: A Case Study on the Efficiency and Security of E-Stamping

In an ever-evolving digital landscape, traditional practices such as property registration are being replaced by innovative solutions. One such transformation can be witnessed in the case of Mr. Ravi, a prospective buyer, and Ms. Anita, a property seller. They embarked on a real estate transaction in Hyderabad, facilitated by XYZ Real Estate Agency.

In the past, finalizing a property transaction required physically purchasing stamp papers of specific denominations, followed by getting the sale deed written on them. However, Mr. Ravi, reflecting the contemporary digital trend, chose to use e-stamping to pay the stamp duty.

Guided by the ABC Bank of India, an Authorized Collection Center (ACC) for e-stamping, Mr. Ravi presented his transaction details for stamp duty calculation. The bank official, through the Stock Holding Corporation of India Limited’s (SHCIL) e-stamping portal, computed the duty based on the property’s value, and Mr. Ravi made the necessary online payment.

Upon confirming the payment, an e-stamp certificate was instantly generated. It contained the stamp duty amount, transaction date, unique identification number (UIN), and property details. The speed and simplicity of the process stood in stark contrast to the traditional methods, saving Mr. Ravi significant time and effort.

To ensure the authenticity of the e-stamp, Mr. Ravi verified it using the inquiry module on the SHCIL website. This additional layer of security confirmed the certificate’s genuineness, after which the sale deed was drafted on the e-stamp certificate.

The advantages of this modern e-stamping process are multi-fold. Primarily, the time and physical effort needed are significantly reduced, as the process can be completed in mere minutes. It also assures a high degree of security as each e-stamp comes with a UIN, mitigating any risk of fraud. Finally, it provides flexibility, negating the necessity to acquire the exact denomination in traditional stamp papers.

In summary, this real-world use case demonstrates how e-stamping is simplifying real estate transactions in India. By making the process faster, secure, and more convenient, e-stamping has proven to be an invaluable digital tool. As we continue to embrace digitalization, technologies like e-stamping become crucial in transforming traditional processes, leading the way towards efficient and transparent transactions.

To discover more about how e-stamping can streamline your real estate or financial transactions, don’t hesitate to get in touch with us. We’re here to guide you through the seamless, secure, and efficient world of digital stamping in India.

Categories
Construction Education Industry Finance Industry Healthcare Industry Human Resources Marketing Staffing Industry The New Norm

Use case scenario for e-sign?

Electronic signatures, or e-sign, are becoming increasingly popular in a wide range of industries due to their convenience, efficiency, and security. E-signatures provide a secure and easy way to sign documents online, making them a great option for businesses and individuals alike. For those looking for reliable and user-friendly electronic signature software, Signulu is a great option.

One use case scenario for e-signatures is in the real estate industry. Real estate professionals often need to sign and exchange important documents such as contracts, lease agreements, and disclosures. With Signulu’s e-signature online platform, real estate professionals can sign documents online from anywhere, at any time, without the need for in-person signings. This saves time and reduces the risk of errors or delays in the document signing process. With additional layers of security available in Signulu, the process can be made foolproof and establish the integrity and trust of the contract signing process. Moreover, documents executed in Signulu are legally binding.

Another use case scenario for e-signatures is in the healthcare industry. Healthcare professionals often need to sign and exchange sensitive documents such as patient consent forms and medical records. With Signulu’s electronic signature software, healthcare professionals can sign documents online securely and efficiently, reducing the risk of data breaches and ensuring compliance with healthcare regulations.

Overall, e-signatures offer many benefits and use case scenarios across various industries. Signulu’s e-signature online platform provides a reliable, user-friendly, and secure way to sign documents online, including pdf documents. Try Signulu’s electronic signature software today and experience the convenience of e-signatures for yourself!

Categories
Construction

Construction plan Approval from Multiple Stakeholders in a Jiffy

Ramesh is an eminent architect in the town. He runs a firm where several clients approach him and get the construction plan designed for their sites. On one particular day, Ramesh was approached by a renowned organization to design a construction plan for their new venture.  

He was exhilarated. He gave his best and worked on the plan.  Once it was all done, he sent it across to different stakeholders of the organization. Each stakeholder suggested changes in the plan in their respective timings. Ramesh found it difficult to gather all the suggestions from each document. Since he received the comments on different days from different people, he had to rework from the beginning.  However, he incorporated all the changes and sent the plan again. This time, the stakeholders again suggested a few changes based on their availability. 

This back-and-forth process consumed a lot of his time, and he was unable to focus on the other deliverables in that month. Consequently, he lost a few clients for the next couple of months. That was a huge financial loss for Ramesh. 

If only Ramesh had an electronic system that streamlined his workflows! 

Introducing to you, Signulu, The eSignature Expert that facilitates the architects to send the construction plan simultaneously to all the approvers of the organization. Through Signulu, different stakeholders in the organization can make the suggest changes and approve plan simultaneously. This enables the architects to incorporate all the changes concurrently and accomplish the projects quickly.