Power Of Attorney Format For Nri To Sell Property In India

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.

Power of attorney format for nri to sell property in india.

Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. Sharing rights with any of your family member or a friend by issuing a registered power of attorney is the legal and correct way of managing the property bank loans stocks and other assets located in india. This document is mostly used in real estate transactions. Power of attorney poa is an important document that many nris often have to deal with.

A lot of attention should be paid to the nri power of attorney while you are getting it made. The same poa can be used for managing home loans in india by a member of family. 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. Now you don t need to go searching for lawyer for this purpose.

In an increasing phase of property crimes in the country particularly involving nri s and power of attorney it is solemnly your responsibility to be aware of such fraudulent attempts. Nris or any other emigrants can delegate any reliable person to discharge his responsibility legally. Attestation of power of attorney applicable for nri this power of. 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.

Sample power of attorney for nri non resident indian open this sample poa on google docs. If you are nri non resident indian or an indian who just came abroad and want to manage your real estate matters by giving out your signing authority to some one in your family or a friend you can use this sample power of attorney. You can start making your own power of attorney document online. 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.

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. Recently an adjudication came to result in himachal pradesh where the buyer made the initial payment of rs 18 lakhs directly. Within a few minutes your general power of attorney deed will be ready. The nri needs to get the desired matter of the poa drafted and typed on non judicial stamp paper of adequate value which is generally rs 100.

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. Register power of attorney in india. If an nri is present in india he could before going abroad execute the poa from india itself. But it should be attested from indian embassy.