Sample Power Of Attorney For Property Registration In India

A power of attorney poa is a document that is given to another person chosen by you the power to undertake acts or deeds when you cannot physically be present.

Sample power of attorney for property registration in india.

A power of attorney of any kind is a deed which begins with the brief acknowledgment of title and description of the property. 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. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. Again be very careful and make sure to hand over a power of attorney to a trustworthy person.

Special power of attorney sample for property management in india by nri. If the nri is in india register it on the stamp paper with the sub registrar office. Therefore the attorney prepared for delegating property related decisions must be registered from the sub registrar office. Registered documents of the property be in india or abroad are accounted for getting favour during property disputes in the court.

Power of attorney to rent property in india for nri. The deed must also comply with indian laws such as the indian registration act 1908 and the power of attorney act 1882. 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. 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.

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. 100 in the state of maharashtra. 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. 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 stamp duty must also be paid to complete the apostillisation. Thus for power of attorney of property to be invoked and legally binding two witnesses must be present at the attestation of the document. Registering the power of attorney is a simple process. In essence a power of attorney gives the designated person the power to execute deeds or sign certain contracts on your behalf.

Sample special power of attorney nri property in india. Registration of power of attorney received in india from the nri. 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.