Power Of Attorney For Property Sale In India

The principal must carefully supply review and agree to all of the information that has been provided.

Power of attorney for property sale in india.

A three judge bench of supreme court of india comprising of justices r v. 13917 of 2009 titled suraj lamp industries pvt. Through an order in 2011 the supreme court sc held that transferring property title through gpa is not valid. A special poa is narrower in scope.

A power of attorney is a special choice for most sellers who have difficulties in attending to the execution and registration of sale deed. Sometimes the circumstances do not permit so a buyer you should check the reason for the execution of power of attorney. A resident indian buyer should avoid property transaction through power of attorney holder of an nri. Vs state of haryana anr after interpreting various provisions of the law concerning property sales held that the sale of immovable property through sale agreement will general power.

This general power of attorney form is drafted by our legal and law experts. For services of legal format drafting and vetting of legal documents we are providing full support through our well connected legal help club. It is specially drafted for india. Specific power of attorney for property matters in india for nris how to make a specific power of attorney for a relative to deal with selling property in india.

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. Special power of attorney. You need a special poa with the exact real estate address mentioned to make it valid for managing bank loans rental management possession of flat registration of real estate in indian registrar office and other purpose. Special power of attorney.

The best case scenario is the presence of an nri seller in india for execution of sale deed. Gokhale in special leave petition c no. Again be very careful and make sure to hand over a power of attorney to a trustworthy person. Nri power of attorney to sell property in india.

It specifies exactly what deeds or transactions the designated person can complete on your behalf. Indiana real estate power of attorney form is a document that gives a principal a written document so that the agent will have the ability to perform limited duties with the management sale closing or even the refinancing of that principal s real property. 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.