___Raja___ (x) 25 September 2009
R.R. KRISHNAA (Legal Manager) 25 September 2009
No need to register. You can notarise it.
___Raja___ (x) 25 September 2009
Thanks for the reply. The bank has done the franking of the POA (in bank format) for Rs. 500. There is a notory stamp on it too. Is this what you mean by notorised? The loan agent informed me that in order to do the registration of the property, earlier this POA could be used, but according to the latest laws, we need a sub-registrar registered POA. I cant make that now since the person who had given the POA to me is not in town.
Please advise whether I can go ahead with registration in this case
P.K.Haridasan (Advocate) 09 October 2009
Whenever any right is created on an immovable property worth more than Rs. 100/-,and a power of attorney is made for that purpose, the power of attorney has to be registered with sub registrar.
P K HARIDASAN
Legal Professional
___Raja___ (x) 09 October 2009
Thanks for the reply Mr. Haridasan.
I do not have a registered POA. Is there any way I can now buy a resale property on someone's behalf. If there is any other workaround to the issue please advise.
Thanks.