Property Power Of Attorney Sample India

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

Property power of attorney sample india. Special power of attorney sample for property management in india by nri. Sample special power of attorney nri property in india. 100 in the state of maharashtra. 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.

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. Again be very careful and make sure to hand over a power of attorney to a trustworthy person. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors. Print on plain a4 paper 2 witness sign your sign register in registrar office.

Buying selling mortgaging leasing etc. 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. 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. 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.

Nri power of attorney to sell property in india. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal. 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 power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed.

Register power of attorney in 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. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. It specifies exactly what deeds or transactions the designated person can complete on your behalf.

The most significant thing to consider is choosing the right and reliable person while handing him over your general power of attorney. This power of attorney is also known as a letter of attorney. 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. Special power of attorney.