Hi,
I am currently residing in USA with my wife. before moving, we jointly booked an under-construction property (flat) in Bangalore, with my wife being the primary applicant on home loan for it, and myself as co-applicant. Now we want to give PoA to my father-in-law to register the flat. My builder insists I give the PoA to a blood relative - In essence I should have 2 PoA - one that i give to my blood relative and second, my wife gives to her father. My father is sick and in Delhi and cannot go to Bangalore and my brother stays out of country as well. There is no one else competent enough to carry out the process.
1. Is it mandatory that the PoA should be given to blood relative or can me and my wife jointly give the PoA to my father-in-law (I mean what happens to those who do not have one survining!)?
2. Should I give a Special PoA or General PoA - purpose is to only register a specific flat, sign documents related to purposes like, but not all-inclusive, water/electricity connections etc. and operate loan account as may be needed.
3. If possible, will I be expecting a registration cost only when registering the PoA or is there something to do with stamp duty payment. I thought stamp duty might be payable when there is a sale from my end.
