Hello,
ammendment can be made for which a nominal stamp duty has to be paid. Do not pay without registration of the said clause.
Regards
Hi, The Registered GPA missed one point that the GPA owner can collect the sale proceeds in his name and bank account. Can this be added as an amendment clause, what is the stamp duty and does it have to be registered in the sub registrar office. Is our safe fir us to pay the GPA holder in that case.
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Hello,
ammendment can be made for which a nominal stamp duty has to be paid. Do not pay without registration of the said clause.
Regards
See an addendum to the registered GPA can be made and registered a copy of Registered GPA can be annexed to such addendum and same can be registered if the GPA is registered, The registration charge shall be applicable on same and further if such addendum is registered then same is safe to pay to GPA holder.
1) if there is clause that money should be paid to GPA holder you can make payment to said holder of POA
2) A power of attorney grant may be amended to expand an agent's ability to act on behalf of the principal, to limit the agent's influence, or to change agents entirely.
An addendum to the GPA can be made incorporating the missed clause
The addendum can be attached to the GPA and registered again
As stamp duty is already paid on the GPA, additional stamp duty will not be required
1/. All subsequent changes can be done by a deed of declaration which requires registration s well.
2 . The stamp duty for making such changes is same of what was required at the time of registration of the GPA.
If a GPA is registered and duly stamped, the GPA holder has the power to execute the sale deed.
If the POA has been registered and confers on the GPA holder the express authority to sell the property then the GPA holder can sell the property and transfer the same amount to POA holder.
Dear Sir,
You may get registered a rectification GPA deed and normally same fees will be charged which you have paid for registering GPA.
Dear Client,
In cases of GPA, payment made GPA holder only unless not specifically mention in GPA that sale consideration will be paid to actual owner.
OR you can mention this in sale deed that payment will made to GPA holder on behalf of actual owner.
- Yes , you can add the missed one clause wth the Registered GPA.
- Attatch the said new clause with the registered GPA with an application to the concerned Registrar.
- Since, you have already paid the stamp duty , so additonal stamp duty not required to pay ,but you have to pay nominal fine for the same.
- Otherwise, you have right to cancel the said registered GPA being executor