Gift Deed through POA Given by co-owners to non-blood relative co-owner
Myself, my real sister, mother, Aunti & Cousin Sister (Residing in India) and Cousin Brother (a US citizen) are co-owners of ancestral independent house at Kolhapur. All intend to gift the property to me without travelling to Kolhapur. So can they all three give Special Power of Attorney to my Mother for doing the Gift Deed in my name? There is no blood relation between my mother and all three.
Asked 6 years ago in Property Law
Religion: Hindu
Ok. Which means that : Special Power of Attorney for making a Gift Deed can be given by 3 co-owners to another co-owner without blood relation.
Then, besides making such 3 separate Special Power of Attorney documents by each of them to my mother, do we also require to take their signatures on the Gift Deed document? Because Gift from my mother to myself will not fetch stamp duty, but gift from them would qualify for 5% to 7% stamp duty of the property value.
If their signatures are taken on the document as a precaution, and then while registering Gift Deed actually in front of Sub-Registrar Kolhapur, can he/she take an objection for signing the document in such a way? My mother would anyway sign the Gift Deed on their behalf and we would pay stamp duty as per rule.
Asked 6 years ago
1. Location of my cousin sister is Vashi - New Mumbai and Location of property and SRO is Kolhapur, both within Maharashtra state. Do we need to mention any strong valid reason for she giving PoA to my mother and she not being able to be present herself at Sub-Registrar Office Kolhapur?
2. Property Card of this House displays 'Tenure - D (that implies "Lands Sold Out Rights by the Municipality")'. For making this Gift Deed, is it mandatory to first convert it to 'Tenure - C (that implies "Lands Sold Out Right by the Occupant")'. This is a tedious process and takes more than a month as one has to dig down historical records from Land Records Department etc. Because Gift Deed is one kind of Transfer of Rights, is it mandatory to have Tenure C first?
Asked 6 years ago
Tenure D (Occupancy Class 2) and Tenure C (Occupancy Class 1) are not Kolhapur specific things but those are prevalent in Maharashtra. Local lawyers from Kolhapur as well as SRO people are telling contradictory answers (Some are saying that conversion of Tenure D to Tenure C is required and some are saying that it is not must for making Gift-Deed). What is your take on this?
Asked 6 years ago
Ok. So now it is clear that my cousin brother (US Citizen), cousin sister and Aunti can give PoA to my mother for gift deed of ancestral house.
(1) What would be the stamp duty for the same PoA? Is it only 500 Rs. or 5-6% of their share in market value of the property?
(2) PoA for this Gift Deed - (a) Execution and (b) Registration. What exactly is needed?
Asked 6 years ago
What precise details of my Cousin Brother need to be mentioned in PoA if he is US citizen and does not have PAN or Aadhaar?
Asked 6 years ago
No, I am not asking the reason for PoA.
What exact details such as US CITIZEN No. ? Address in US ? ... US Income Tax. No. ? US Resident Status ? NRI No. .... ? These Personal Details, what those details are required?
Asked 6 years ago
USA based Cousin giving Special PoA to his blood relation Mother for she making further gift deed has to be registered in India. Ok. But is it mandatory to get it registered at the location where Brother's Mother's address is mentioned on that PoA document? Or she can get it registered anywhere?
Asked 6 years ago