Registration of flat
Querist :
Anonymous
(Querist) 12 August 2021
This query is : Resolved
Namaste Sir,
Im desirous to purchase to purchase one flat in Bangalore. But the owner resides in America, How to proceed further regarding payments, drafting letters and registrations.
The owner says he represents his father in law in Bangalore to register his flat to me.
Regards
Narahari
G. ARAVINTHAN
(Expert) 12 August 2021
Only on the basis of a valid power of attorney deed, one can sale the property on behalf of other residing abroad
Querist :
Anonymous
(Querist) 12 August 2021
Thank you Aravinthan Sir,
After executing valid POA deed, The money transactions in regard to the flat purchase should i pay to original owner in Abroad or POA holder ( Seller's father in law ) in Bangalore.
Does Banks considers POA holder in disbursing home loan
Im in Bangalore, the POA execution responsibilities lies with the seller i think,
can you help me in executing POA
Regards
Hari
G. ARAVINTHAN
(Expert) 12 August 2021
If you go for Housing Loan with Bank, they may issue DD only in the name of the Vendor. Not in the name of POA of Vendor
kavksatyanarayana
(Expert) 12 August 2021
The Power of Attorney shall be got prepared in India with the mutual understanding of the owner and send it to him online. The POA shall be got attested by a Consulate/Embassy/Notary public abroad, and after receipt of the same in India, within 3 months it should be validated by the Collector under Stamp Act i.e. the Joint Collector/DRO or the District Registrar. Then only the POA agent can present the sale deed before the Sub Registrar is concerned. If the owner gives authorisation to the Agent to receive consideration/price, you can pay the amount to the Agent, otherwise, you shall pay the amount online.
Dr J C Vashista
(Expert) 13 August 2021
Your query is regarding execution of sale deed or payment of consideration amount ? Be clear and specific without mixing up two different issues.
Querist :
Anonymous
(Querist) 13 August 2021
Sir
I'm concerned with both money payment and saledeed execution
Here I'm paying money to X but Y is registering the property of X and this is my confusion
Regards
Hari
P. Venu
(Expert) 13 August 2021
What is the reason for this confusion?
kavksatyanarayana
(Expert) 13 August 2021
Mr. Anonymous, I have already explained to you your doubts. Still, any doubt calls me.
Querist :
Anonymous
(Querist) 15 August 2021
Sure sir i will call you thanks
