Power of attorney to sell land

You've 2 optionsbefore you as said either register the propertyin the name of buyer to sell or appointing a Registered POA through registerednotary.both are equally valid.If the transaction is genuine and it is registered you can adopt either of the two options.DSince you''ve chosen 1st option it is legally valid and binding as in the 2nd option.

 

4 years ago Suneet Gupta www.vashiadvocates.com Things to keep in mind Power of Attorney in favour of the POA should be registered The POA should clearly mention that the POA has the right to dispose of the property in question The payment for the property should preferably be made in the name of the original owners  If payment is made in name of the POA then the POA should clearly mention that the POA has the right to collect monies on behalf of the original owners Take care of TDS issues (newly introduced in the current Financial Year) when paying for a property The PAN Card should be of the original owners and TDS should be deposited in their name

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