Property Power Of Attorney Sample India

In india it is not quite uncommon in the real estate sector to use a general power of attorney for all kind of property matters and transactions i e.

Property power of attorney sample india.

And all acts deeds and things done my said attorney shall be binding on me in all respects in witness whereof i have signed this gpa in the presence of the following witnesses. Buying selling mortgaging leasing etc. A general power of attorney for property is a legal document that allows a person usually called the principal or the donor to nominate one or more persons called attorneys to act on their behalf. Sample special power of attorney nri property in india.

Register power of attorney in india. The power of attorney is to be executed on a non judicial stamp paper of the requisite value as per the stamp duty prevalent in the respective state rs. A power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed. Again be very careful and make sure to hand over a power of attorney to a trustworthy person.

100 in the state of maharashtra. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. Print on plain a4 paper 2 witness sign your sign register in registrar office.

A power of attorney poa is a legal and written document that allows you to appoint any other person or any organization to handle your business affairs and any legal matters. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors. While this may be a good time to find a suitable property and seal the deal the coronavirus pandemic will make it difficult for nris to travel to india to complete the transaction. The most significant thing to consider is choosing the right and reliable person while handing him over your general power of attorney.

A general power of attorney gives the attorney the authority if the principal chooses to manage the principal s properties including buying and selling real estate for the principal or. Special power of attorney sample for property management in india by nri. It specifies exactly what deeds or transactions the designated person can complete on your behalf. Sharing rights with any of your family member or a friend by issuing a registered power of attorney is the legal and correct way of managing the property bank loans stocks and other assets located in india.

Send your power of attorney to india as soon as the process is complete and the indian consulate has attested your power of attorney you can send it to india. Nri power of attorney to sell property in india. Special power of attorney. This power of attorney is also known as a letter of attorney.