power of attornery

SRINIVAS (Querist) 26 June 2008 This query is : Resolved
In purchase and sale of properties(sites and buildings), Is it compulsary to get the power of attorney registered ?

What will happen if POA is not registerd?

will the title of the owner in any way be defective ? request please answer

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Srinivas.B.S.S.T (Expert) 26 June 2008
Nothing will happen. The balanc of stamp fee will be collected

Guest (Expert) 27 June 2008
POA has nothing to do with passing of title on transfer from one person to another.

In many cases POA is used as the owners themselves will transfer the property.

Unregistered POA is also valid.

When POA is used to transfer the property, it is the Owner who is transfering the property and not the POA 's property.

Srinivas.B.S.S.T (Expert) 27 June 2008
Yes and the POA holder will be treated as acting on behalf of the real owner of the property.

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