Purchase of beach property
shashikanth
(Querist) 31 October 2011
This query is : Resolved
I saw an advt for sale of beach property in the news paper yesterday. I called the landlord to know more about it. He told me that the property does not have a RTC(RECORD OF RIGHTS, TENANCY AND CROPS) and hence the way i could buy it is that he would give me the power of attorney when i make the payment. So my question is
1. Will this setup of taking the power of attorney without registration cause any problem in future. Problems such as, file cases against me for share etc. Whats are the risks.
2. Will i be able to apply for RTC once i get the power of attorney.
3. Will there be any problem for the govt bodies in future since this is a beach property. This property is in Mangalore, Karnataka
Your response and advise will be much appreciated.
shashikanth
(Querist) 31 October 2011
RTC MEANS RECORD OF RIGHTS, TENANCY AND CROPS
ajay sethi
(Expert) 31 October 2011
in respect of beach properties CRZ applies . please check whether it comes within CRZ or not .
secondly you ahve stated that seller is selling the property through power of attorney route .
in other words you are being given power of attorney .
the sale if any of the property has to be trhough registered sale deed .
please contact a local lawyer in chennai . do due diligence
prabhakar singh
(Expert) 31 October 2011
Yes caveat emptor!applies to you.better engage a local lawyer and for grated do not purchase by any power of attorney,else you shall stand frustrated with consideration loosed title not received yet.
