General power of attorney
Dear Sir,
my question is I have a cousin sister staying in bangalore and recently she has bought two properties in other District places which includes a open plot and another one is plot with building,Now she is going out of india to reside there for few years and wants to sell the property at a fair value but as the expected value cant be got in specific time She wants to give me the Registered power of attorney to sell both the properties or rent the same in her absence as i am the most trustworthy person,so i want to know
1.which power of attorney has to be made to sell the property either a GPA OR SPOA as per the law?
2.What are the terms and conditions to be included?
3.can the power of Attorney be revocable and irrevocable?
4.Does a notarized general power of Attorney(unregistered) be valid as per law?
5.Should i get seperate power of attorneys for selling and renting the property is so then please tell me in particular
Thanking you
please answer in points as per the questions to avoid confusions.
Asked 7 years ago in Property Law
Religion: Hindu
Sir My cousin Sis have already given me a notarised Gen power of Attorney in the year 2012 for almost all the powers mentioned in general to do on behalf of her but as i came to know that the Notarized gen POA is not valid to sell the immovable property as per supreme court ruling in 2011,
6.So kindly advice wether a new Registered special power of attorney has to be made or the old notarized GEN POA can be used to sell the property(which has no specific details of property data)
7.Lastly Can the power of attorney be used for myself to register the property in my name as i am intrested to buy the same if so which POA is valid to register the property in my name?
Asked 7 years ago
Dear Sir for the above question and answers I have a clarification whether
1.To get an Registered SPOA done on an immovabe property which is in my cousins name now,Should I pay additional stamp duty tax ?because after talking to a stamp writer locallly he confirmed me that there is 5 percent additional tax to be paid to the government on the actual value of the property,So please clarify me wether this is correct as per law?
Thanking you
Asked 6 years ago