Property Registration General Power Of Attorney India Nri Sample

A special poa is narrower in scope.

Property registration general power of attorney india nri sample. Special power of attorney format. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. A general poa gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected. Registration of power of attorney received in india from the nri.

Now you don t need to go searching for lawyer for this purpose. One copy of the power of attorney deed signed by you and notarized by the indian embassy consulate should be registered in india in a registrar office by the holder who is receiving the power of attorney. Power of attorney to rent property in india for nri. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors.

If you are an nri and you want to conduct a large financial transaction in india like selling a property this could become a huge hassle if you have to travel to india and back all the time there is a simple solution to this. It specifies exactly what deeds or transactions the designated person can complete on your behalf. Registered documents of the property be in india or abroad are accounted for getting favour during property disputes in the court. The declaration of the intention to rent it on lease is mentioned.

Within a few minutes your general power of attorney deed will be ready. It is very important to itemize the reasons for executing the power of attorney. Sample special power of attorney nri property 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.

You can start making your own power of attorney document online. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. 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. Print on plain a4 paper 2 witness sign your sign register in registrar office.

If the nri is in india register it on the stamp paper with the sub registrar office. Special power of attorney sample for property management in india by nri. A power of attorney of any kind is a deed which begins with the brief acknowledgment of title and description of the property. Registering the power of attorney is a simple process.

By drawing up a power of attorney for nri to sell property in india you can get your transaction done without having to travel all the way 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. Register power of attorney in india. Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person.