The following steps will help you to have a detailed idea of how to get power of attorney.
General power of attorney format for nri to buy property in india.
The same poa can be used for managing home loans in india by a member of family.
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.
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.
Special power of attorney format.
Registration of power of attorney received in india from the nri one copy of the power of attorney deed signed by you and notarized by the indian embassy consulate should be registered in india in a registrar office by the holder who is receiving the power of attorney.
The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors.
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.
First of all write a power of attorney on a plain piece of paper and sign it.
Registering the power of attorney is a simple process.
A special poa is narrower in scope.
It specifies exactly what deeds or transactions the designated person can complete on your behalf.
General power of attorney format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.
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.
Your poa holder can make payments for home loans like sbi maxgain hdfc icici and other banks.
100 in the state of maharashtra.
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.
How to get power of attorney.
Write the power of attorney on a plain sheet of paper.
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.
At this time your simple poa becomes registered power of attorney.
Grantor s details the name age foreign address indian address and occupation of the person making the deed should be mentioned first.
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.
