Property Power Of Attorney Sample India

Sample special power of attorney nri property in india.

Property power of attorney sample india.

Generally to do all acts deeds and things for me in my name on my behalf in respect of my said property as my said attorney may deems it proper. Register power of attorney in india. This power of attorney is also known as a letter of attorney. It specifies exactly what deeds or transactions the designated person can complete on your behalf.

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. Nri power of attorney to sell property in india. Print on plain a4 paper 2 witness sign your sign register in registrar office. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.

Special power of attorney. 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. 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. 100 in the state of maharashtra.

A power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed. 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. 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. 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.

Buying selling mortgaging leasing etc. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. 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. 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.

A special poa is narrower in scope. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors. Special power of attorney sample for property management in india by nri.