The cost of french-speaking a document in Karnataka amounts to 0.1% of the total purchase value. Franking is only advised if the payment is made by cash or the application proposal. However, the rules of frankie are not uniform and vary from one Member State to another. In addition, limiting quotas also creates problems for the buyer. Franking fees may vary from country to country. Typically, it amounts to 0.1% of the purchase value. For example, if you bought a property worth 40 lakhs worth 40 lakhs, the frankier fee is Rs 4000. Keep in mind that this tax is part of stamp taxes. So if the stamp duty in your country is 6.5%, you should pay 6.4% to the sub-registry office and the rest to the francization authority.
Before applying for a home loan, check the stamp and stamp duty for the state where you want to buy the property. Remember, your home loan doesn`t pay for these fees, so you start saving these fees in advance. Therefore, it would be best to contact the bank in the first few hours of operation or through an authorized agent who can perform the francization for you. This is why e-stamping has become popular on online franking, as it is a safer and more inviolable method of paying stamp duty. The transaction can be easily carried out online with the Internet bank. Those who have not activated the online bank can use a challan bank to pay stamp duty. Franking can be done quickly if the payment is made by cash or a project of needs. However, the rules and fees for francisation are not uniform and the quota can play spoilsport. On the other hand, Franking is a process of sealing ownership documents. When an applicant goes to a bank or an approved payment agency, a mark or unit value indicating the payment of stamp duty is affixed to the contract document. Franking machines, which are usually installed in the sub-registrar`s office in the state, are used to secure documents. The frankie procedure replaced the earlier method of printing the agreement on non-judicial papers.
But the trial opened doors to stamp paper fraud like the sensational case with Abdul Karim Telgi. Today, e-stempeling is also an alternative to francisation, which is error-free and controls counterfeits.