Sample Power Of Attorney For Property Registration In India

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

Sample power of attorney for property registration in india.

Registering the power of attorney is a simple process. The deed must also comply with indian laws such as the indian registration act 1908 and the power of attorney act 1882. 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 this process one has to get the deed notarised by a local judge or such authority and then get that judge s signature authorised by the.

Special power of attorney sample for property management in india by nri. 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. Therefore the attorney prepared for delegating property related decisions must be registered from the sub registrar office. 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.

Sample special power of attorney nri property in india. Power of attorney to rent property in india for nri. 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. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.

A power of attorney of any kind is a deed which begins with the brief acknowledgment of title and description of the property. If the nri is in india register it on the stamp paper with the sub registrar office. In essence a power of attorney gives the designated person the power to execute deeds or sign certain contracts on your behalf. Again be very careful and make sure to hand over a power of attorney to a trustworthy person.

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. 100 in the state of maharashtra. Registration of power of attorney received in india from the nri. Thus for power of attorney of property to be invoked and legally binding two witnesses must be present at the attestation of the document.

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. Print on plain a4 paper 2 witness sign your sign register in registrar office. Registered documents of the property be in india or abroad are accounted for getting favour during property disputes in the court.