GPA

if GPA is duly registered and stamped then ur authorized to sale the property but it is advisable to make POA specific to the said property 

regards to income tax --- long term capital gains

if u sell the house property it is imp to buy a house property within period stated in income tax act u cant buy a commercial premises

Thank you sir! However, i am still confused....

What is stamped sir? do i need to pay stmp duty ? or just get the GPA registered on Rs.50 Stamp Paper?

Also, can the buyer whom i will sell pay the amount in my name?

whay did you mean by...."it is advisable to make POA specific to the said property" Isn't the attached document correct?

It would be very kind of you if you can replay me ASAP

by word stamped i meant is to register the document properly by paying prescribed stamp duty and notarising it 

u GPA will be ur imp document alongwith property papers u can get the amount in your name but same clause should be mentioned in your GPA alongwith selling right clause 

also ur GPA is fine but if u had made property specific power of attorney it be better ie by stating the complete address of said flat including all rights of said in your favour

Thank you so much again!

You said "by word stamped i meant is to register the document properly by paying prescribed stamp duty and notarising it"

>> by stamp duty you do not mean the stamp duty to be paid for registering the property or gift right (i.e. 6% of property cost) but just the registration fees of the GPa i.e. 1200/- or 1300/- here in Delhi, Rohini.....correct.

You said "GPA will be ur imp document alongwith property papers u can get the amount in your name but same clause should be mentioned in your GPA alongwith selling right clause"

>>please cofirm if the required clause is present in the attached doc.

You said "also ur GPA is fine but if u had made property specific power of attorney it be better ie by stating the complete address of said flat including all rights of said in your favour"

>>this is just the format that i sent you sir! it will be perfect once i fill in the blanks with the correct details ....right sir! kindly confirm.!

amit

Mr. Parikh, Will POA holds good and can he execute a sale of property even after the death of the owner who has given POA to person "X"?

@ Bala in that case u have to irrevocable POA GPA doesnt work after the death of the person who executes in favor of X