NRI GPA

You can execute a Power of Attorney and send it to the Agent, in India. You have to sign this before a Consulate Officer or a Notary in the country of your residence. Your signature in the deed has to be attested by the Consulate Officer or Notary. The Agent can adjudicate this Power of Attorney, within three months after receipt in India. Adjudication is a method of paying proper stamp duty for the Power of Attorney. This is a simple process. The stamp duty payable for a Power of Attorney varies from State to State in India. It is also determined on the basis of contents of the deed. Make sure that you sign every page. Most of these deeds are signed only in the last page. This is not accepted, generally, in India. At times, the date on the document and the date of attestation differ. This is never accepted. Always send a covering letter or note with a date on it. This will help in computation of time of three months for adjudication.

The POA has to be on a plain paper.

Adv. Vishal has provided the best advice. The stamp paper value is Rs.200. The POA Holder at Bangalore, can take the POA to the stamping authorities and get it affixed with a special adhesive stamp for this Rs.200.

vasudevan

Hello sirs,

I am planning to buy a property from an NRI who has given POA to his father in law . The father in law is saying that he needs to pay 6.75% as stamp duty  and that I (as buyer) need not pay stamp duty as he has already paid it . The property is in Bangalore . 

 Is it correct ? Will the stamp duty paid by the father in law be deducted when I need to pay stamp duty for the purchase. 

Thanks in advance,

Venkateh