Can NRI sell property through POA?

An important point to note here is that the NRIs can use a specific POA if they want to authorise a person to buy or sell a property on their behalf. However, the POA must necessarily be registered in India after the payment of stamp duty.

Can NRI give Power of Attorney?

“In India, the NRI can get the PoA executed in the Sub-Registrar’s office. However, the POA should be drafted on a non-judicial stamp paper of Rs 100 value. Also, two legal representatives and witnesses would be required to execute the deed. All the members should have their valid ID proofs and photographs.

Can a person sell property with Power of Attorney in India?

Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

How does NRI make general Power of Attorney?

How To Make A General Power Of Attorney By NRI

1. Draft the Power of Attorney deed online or hire a lawyer in India to draft it for you.
2. Get the deed attested by the Indian embassy or consulate in that country.
3. The person making the deed, the Grantor, should sign the deed in all pages.

Can property be sold through Power of Attorney?

If the deed of power of attorney grants power to sell the property of the principal and to execute and register necessary documents in that regard, such a sale made by the agent will be valid, is binding on the principal, and will convey a proper title to the purchaser(s).

Can I sell land with Power of Attorney?

When it comes to buying or selling a property Power of Attorney is not a valid instrument to transfer property titles. A sale deed must be carried out for transferring property titles, following which the buyer has to pay stamp duty and registration charges.

How long a power of attorney is valid in India?

These certificates are valid for 30 days. As per a recent order of the inspector general of registration, the new rules are applicable to all POAs registered from February 4. By law, POA is not valid once the principal dies.

Can NRI give Power of Attorney to another NRI?

NRIs or any other emigrants can delegate any reliable person to discharge his responsibility legally. Power of Attorney (PoA) can do favour to them by introducing relief and comfort in settling down property disputes and exchanging old currency notes under demonetization. But it should be attested from Indian embassy.