General Power Of Attorney Format For Nri To Buy Property In India

How to get power of attorney.

General power of attorney format for nri to buy property in india.

An nri or non resident indian can become a power of attorney deed even by living outside india and without having to travel to india for that purpose. Special power of attorney format. While this may be a good time to find a suitable property and seal the deal the coronavirus pandemic will make it difficult for nris to travel to india to complete the transaction. 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.

A special poa is narrower in scope. A general poa gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected. The following steps will help you to have a detailed idea of how to get power of attorney. Your poa holder can make payments for home loans like sbi maxgain hdfc icici and other banks.

Now let s come to the main agenda. Most nris have properties read our resource on how to sell your property in india and bring back money to usa and banking business in india which may require their presence while transactions. The same poa can be used for managing home loans in india by a member of family. General power of attorney format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.

While making the general power of attorney from outside india make sure that your deed includes these details. At this time your simple poa becomes registered power of attorney. It specifies exactly what deeds or transactions the designated person can complete on your behalf. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors.

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. 6 registrar will keep a copy of poa in government records and provide one to you with his office registry stamp. General power of attorney format sample. Grantor s details the name age foreign address indian address and occupation of the person making the deed should be mentioned first.

An nri non resident indian can use the special power of attorney to buy sell or take possession of a real estate property in india. First of all write a power of attorney on a plain piece of paper and sign it. Power of attorney nri buying property in india 5 registrar will click and store picture of you poa holder and the witnesses in the government records. 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.

Write the power of attorney on a plain sheet of paper.