Immovable Property General Power Of Attorney India Nri Sample Pdf

General power of attorney is a generic version which does not mention the specific flat apartment details as compared to special attorney which has exact details of the property to be managed.

Immovable property general power of attorney india nri sample pdf. 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. You can start making your own power of attorney document online. Generally to do all acts deeds and things for me in my name on my behalf in respect of my said property as my said attorney may deems it proper. A power of attorney of any kind is a deed which begins with the brief acknowledgment of title and description of the property.

General poa contains terms and conditions to share the signing authority for general purpose like management of bank account share holding accounts. Power of attorney to rent property in india for nri. Let s start the discussion and first of all let s explore what power of attorney is. If yes then stay attached to this article.

List out whatever you would like this person to do on your behalf. Are you looking to transfer the power of attorney to someone in india. 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. 100 in the state of maharashtra.

It is very important to itemize the reasons for executing the power of attorney. 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. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. General procedure and rules for power of attorney.

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. 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. And all acts deeds and things done my said attorney shall be binding on me in all respects in witness whereof i have signed this gpa in the presence of the following witnesses.

You can give power of attorney to one or multiple persons like blood relatives i e father mother brother and etc and also to any third person apart from your close family members whom you believe to be trustworthy. 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. We will be providing a complete guide to resolve all your issues related to the power of attorney. Admit power of attorney provides the authority to power holder to represent the grantor only at the registration office.

Ideally for large transactions of immovable property like land your designated person should be a spouse or a blood relative like your parents or siblings. Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person. Ensuring your nri power of attorney format is valid.