Maharashtra IGR Assures Banks on Legality of E-Registered Property Documents
Pune: Inspector General of Registration and Controller of Stamps, Ravindra Binwade, has assured banks and financial institutions that e-registered property documents are legally valid and secure. This move aims to streamline property transactions and boost confidence in the e-registration system.
EregistrationProperty DocumentsBanksMaharashtraLegal ValidityReal Estate PuneOct 04, 2025
He was addressing representatives from various banks and financial institutions at a meeting organised by the Registration and Stamps Department in Pune to review the implementation of the e-registration and e-SBTR (Electronic Secure Bank and Treasury Receipt) systems.
Since the launch of the e-registration facility in 2020-21, more than 31,785 documents were registered digitally across the state. The initiative, aimed at simplifying property transactions, allows citizens to complete first-sale agreements online without visiting sub-registrar offices. Instead, the entire process — including capturing photographs, thumb impressions, and Aadhaar verification — can be done at the developer's office.
Binwade clarified that documents registered through this system are fully compliant with the Registration Act, 1908, and the Maharashtra E-Registration Rules, 2013. 'Documents printed on e-SBTR, digitally signed and registered through the e-registration platform, are considered original under the law,' he said. 'Banks should have no hesitation in accepting them.'
Several citizen groups had reached out to the registration department to communicate to the banks as many were denied loans for these registrations. 'Many clients had to go again to the main registration office and get the document stamped from them,' S Joshi said. Developers too said that it was necessary for the registration department to clarify as only then more developers will come forward. As many as 700 developers are carrying out registrations of first sale of flats from their own offices in the state.
Officials added that to ensure the authenticity of these documents, the department has put in place multiple verification mechanisms. Each e-registered document carries a QR code on every page that can be scanned for validation. In addition, the e-SBTR, issued by authorised banks after payment of stamp duty, comes with a unique GRN (Government Reference Number) and stationery number, both of which are reflected in the registration summary.
Every document is also digitally signed by the sub-registrar, making it tamper-proof. Banks and NBFCs can further verify the legitimacy of such documents using the e-Search portal available on the IGR Maharashtra website.
Binwade assured participants that the e-SBTR system, in place since 2013, has maintained a clean record with no instances of duplication or malpractice. The department has now made it mandatory for the first page of an e-registered document to be printed on the original e-SBTR or stamp paper, ensuring that only one legally valid copy exists.
Frequently Asked Questions
What is the e-registration system in Maharashtra?
The e-registration system in Maharashtra is a digital platform that allows property documents to be registered online through developers' offices, simplifying the process and reducing the need for physical visits to sub-registrar offices.
Are e-registered documents legally valid?
Yes, e-registered documents are legally valid and fully compliant with the Registration Act, 1908, and the Maharashtra E-Registration Rules, 2013. They are considered original under the law and should be accepted by banks and financial institutions.
How can banks verify the authenticity of e-registered documents?
Banks can verify the authenticity of e-registered documents using the QR code on each page, the unique GRN and stationery number on the e-SBTR, and the e-Search portal available on the IGR Maharashtra website.
What is the e-SBTR system?
The e-SBTR (Electronic Secure Bank and Treasury Receipt) system is a mechanism used by authorised banks to issue receipts after the payment of stamp duty. It ensures the security and authenticity of e-registered documents.
How many developers are currently using the e-registration system in Maharashtra?
As of the latest update, around 700 developers are carrying out registrations of first sale of flats from their own offices in the state.
Related News Articles
RERA Cases Weekly Round-Up: Relief for Homebuyers Across India
From refund orders to structural defect rectification
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Anant Raj Reports 75% Increase in Net Profit for Q2 FY25
Anant Raj has announced a significant 75% increase in its net profit for the second quarter of the fiscal year 2025. The company also reported a 53.67% rise in its net consolidated total income. This robust growth is a testament to the company's strategic
DLF JV Firm Sells IT Park in West Bengal's Largest Real Estate Deal for Rs 637 Cr
In a significant move, DLF, the country's largest real estate developer by market cap, has completed the sale of an IT park in West Bengal for Rs 637 crore. The deal, involving a joint venture firm, marks one of the largest real estate transactions in the
Eleganz Interiors Files DRHP with NSE Emerge
Eleganz Interiors plans to use Rs 25 crore from the IPO proceeds to repay a portion of its outstanding borrowings, as it files its DRHP with NSE Emerge.
Tata Steel Slapped with Rs 146 Mn Fine for Delay in Stamp Duty Payment
Tata Steel, one of India's leading steel producers, has been penalized with a fine of Rs 146 million by the Maharashtra government for failing to timely pay the stamp duty. The fine, as per the company's exchange filing, highlights the importance of adher