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

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.

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. A special poa is narrower in scope. Special power of attorney format. The following steps will help you to have a detailed idea of how to get power of attorney.

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. How to get power of attorney. 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. First of all write a power of attorney on a plain piece of paper and sign it.

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. 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. Registering the power of attorney is a simple process.

Now let s come to the main agenda. General power of attorney format sample. 100 in the state of maharashtra. Your poa holder can make payments for home loans like sbi maxgain hdfc icici and other banks.

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. General power of attorney format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. 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. A general poa gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected.

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. 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. While making the general power of attorney from outside india make sure that your deed includes these details. The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors.

6 registrar will keep a copy of poa in government records and provide one to you with his office registry stamp.