Property sale through the common practice of issuing a general power of attorney (GPA) will not give ownership of the property title to the buyer. A deal done on the basis of a GPA will give you the possession of the property, but will not ensure that the title deed is in your name.
The Principal and the GPA Holder have to visit the sub-registrar office with the GPA for registration. The executed GPA has to be presented to the Sub-registrar along with original documents with copies showing proof of ownership, proof of residence and proof of identity.
Synopsis. A power of attorney is an instrument that is used by people to confer authority on somebody else to legally act on their behalf. They can be of two types — special power of attorney (SPA) and general power of attorney (GPA).
For registration of GPA, you may contact us at +91-8800418408. It is important to note that the Delhi Government had stopped the transfer of properties through General Power of Attorney, in view of the judgement given by the Hon'ble Supreme Court in the case of Suraj Lamp & Industries Pvt. Ltd.
A GPA must be registered with the sub-registrar's office to get legal validity. Moreover, the GPA is not valid for an indefinite period. It is valid for the lifetime of the principal or the one who is awarding the GPA. It can also be revoked within the lifetime of the owner.
How to Register GPA executed in India? Registration of GPA in India is done at the offices of the Sub-Registrar. GPA in India has to be prepared on stamp paper of appropriate value. The Principal and the GPA Holder have to visit the sub-registrar office with the GPA for registration.
Absolutely yes. No worries. However for safety sake ask for certified copy of registered power of attorney and also a declaration / sworn affidavit by original owner that she is ok for the GPA to execute the sale deed on her behalf .
A PoA is of two types, a general power of attorney and a special power of attorney. What differs one from another? “While a GPA grants broad powers to a representative, an SPA talks about a specific act the representative can carry out on the behalf of the principal.
Yes, you have been rightly advised that the GPA holder can sell the property representing the vendor to the buyer and the buyer can be he himself.
Unregistered GPA to sell the immovable property is not valid. a. For a property to be transacted with through a GPA at this stage, the said deed is to be a registered document.
A GPA or General Power of Attorney is generally revocable under the Indian laws except in cases where the same is a security for any debt.
the Sub Registrar's OfficeYou must register a PoA at the Sub Registrar's Office (SRO) to give it legal validity on a Rs. 100 stamp paper. It is mandatory for you to register a PoA in the presence of 2 witnesses.