Can you sell property in India with power of attorney?

Can you sell property in India with power of attorney?

Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

How do I write a power of attorney letter for a property in India?

I have executed a General Power of Attorney in favour of the said ——————————so as to conclude the sale after the registration of Conveyance Deed of the said flat in his favour or in favour of his nominees and I also hereby ratify and confirm that all acts, deeds and things done by the said Attorney for this flat shall …

Is power of attorney needed while buying property in India?

The Apex Court of India has clearly pronounced that sale of immovable property via General Power of Attorney is not valid as it does not convey any ownership right in respect of the purchased property in favor of the buyer.

Can NRI sell property through power of attorney?

“A Power of Attorney (POA) plays a significant role in the real estate dealings of the Non-Resident Indians (NRIs). As per the Registration Act, 1908, whenever an NRI sells or purchases a house property, both parties must be present physically while registering the transaction.

Can NRI selling property in India with power of attorney?

Therefore, a power of attorney for purchase of property by an NRI facilitates sale transactions legally. Moreover, NRIs would require a special power of attorney to execute a transaction. Through a general power of attorney, no NRI would be able to sell or purchase property in India.

Should power of attorney be notarized in India?

Any power of attorney executed outside India needs authentication. It has to be executed in the presence of certain designated officers. So, any power of attorney executed outside India should be authenticated by a notary public of that country , the Indian consul, or by a representative of the Central Government.

How do I adjudicate power of attorney in India?

One should carry the following documents for POA Adjudication.

1. Original & Photocopy of POA (1 set of photocopy)
2. Requisition Letter for Adjudication (Attached the format below)
3. ID Proof (Aadhar or Passport)
4. Stamp Duty through K2 challan.

How Much Does power of attorney cost in India?

Generally, the stamp duty payable for a power of attorney is Rs 100. For registration , the fee payable is also Rs 100. For a general power of attorney given to promoters and developers, the stamp duty applicable is Rs 1000 and registration charges are Rs 100.