Property Power Of Attorney Sample India

Buying selling mortgaging leasing etc.

Property power of attorney sample india.

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. 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. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.

The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors. 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. 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. 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.

Sample special power of attorney nri property in india. It specifies exactly what deeds or transactions the designated person can complete on your behalf. A special poa is narrower in scope. 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.

Again be very careful and make sure to hand over a power of attorney to a trustworthy person. 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. 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. Nri power of attorney to sell property in india.

Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. This power of attorney is also known as a letter of attorney. 100 in the state of maharashtra. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal.

Special power of attorney sample for property management in india by nri. Special power of attorney. 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. A power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed.