India - Legal
Property Power of Attorney
Specific power of attorney for property-related transactions including sale, purchase, and management.
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Instructions
How to create a Property Power of Attorney:
1. Describe the property accurately with survey numbers and boundaries.
2. Specify exact powers - sale, lease, mortgage, or management.
3. This POA MUST be registered at the Sub-Registrar office.
4. Stamp duty applies based on property value and state laws.
5. Both parties must be present at registration with witnesses.
6. Carry original property documents for verification.
1. Describe the property accurately with survey numbers and boundaries.
2. Specify exact powers - sale, lease, mortgage, or management.
3. This POA MUST be registered at the Sub-Registrar office.
4. Stamp duty applies based on property value and state laws.
5. Both parties must be present at registration with witnesses.
6. Carry original property documents for verification.
Frequently Asked Questions
Is registration mandatory for property POA?
Yes, under the Registration Act, any POA authorizing sale of immovable property must be registered.
What is the stamp duty for property POA?
Stamp duty varies by state, typically 2-5% of property value for sale authorization. Management-only POAs have lower rates.
Can property be sold using POA?
Yes, a registered POA holder can execute and register a sale deed on behalf of the owner.
What precautions should I take?
Clearly define the scope, set an expiry date, ensure registration, and consider making it revocable unless there's a specific reason not to.