SANGAMESWARA RAO DHUPAM
12 April 2012 at 09:26
Is there any possibility to give Power of Attorney to a person authorising him to sell a property which will be acquired in future.
Under Article 42(g) of Schedule I-A of Indian Stamp Act, 1899 as amended by Andhra Pradesh Amendment Act 21 of 1995 came into force w.e.f. 1-4-1995, if a power of Attorney authorises a person to sell an immovable property it requires to be charged as conveyance @5% on the Market value of the property. The chargeability stamp duty @5% on the market value has been reduced to Rs.1,000/- when G.P.A. is given in favour of family members or 1% on the Market value of the property when given to other than family members by a Notification as per G.O.Ms.No.1128, Revenue (Regn.I) Department, dt.13.6.2005 w.e.f. 1-7-2005. Only in case of family members only a fixed stamp duty of Rs.1,000/- is fixed. At this juncture when a Power of Attorney is given to a person authorising him to sell an immovable property, the details of property to be sold on behalf of the Principal is invariably mentioned irrespective of reduction of stamp duty in favour of family members.Powers of Attorney to sell immovable property before 1-4-1995 required to be charged with a Stamp Duty only Rs.50/-, but after the above amendment of Article 42(g), the details of property must be mentioned in such deed since market value will be taken into consideration for effecting chargeability. As per Andhra Pradesh AmendmentAct 8 of 1998 under Section 47-A a Power of Attorney given for sale, development of immovable property is also dealt in that section. So Details of property invariably be mentioned in a Power of Attorney given for sale. Please clarify.
Vikat Kavi
11 April 2012 at 20:31
dear all,
is the central chit fund act - 1982, enforceable in the state of maharashtra? if yes, can you please provide the gazette copy of the same?
thnak you.
Bhumika
11 April 2012 at 17:34
Hello Experts,
This is regarding franking validity period ,as I was not sure whether the validity period extends to Six months or six months validity rule has been scrapped.Pls let me know ASAP.
Thanking in advance.
Regards,
Naveen Jain
11 April 2012 at 15:46
SIR, I AM CONTESTTING A CASE AGAINST PUBLIC INFORMATION OFFICER( CHANDIGARH) IN U.T CONSUMER REDRESSAL FORUM
FOR NOT SUPPLYING TO ME THE INFORMATION SOUGHT EVEN AFTER AN YEAR...
.
KINDLY SUPPLY THE NAMES OF JUDGEMENTS AND JUDGEMENTS ALSO IN WHICH PIO HAS BEEN SUFFIFECNTLY FINED FOR NOT SUPPLYING INFORMATION ON TIME..
THANKS
nagarajupatro
11 April 2012 at 08:44
respected experts
I would like to change my name.. so please guide me the steps to take
To whom I have to apply for name changing
What is the process and expenditure may occur
nagarajupatro
11 April 2012 at 00:06
respected experts
please inform the process to change the name of any person who completed his graduation and the prescribed procedure to be followed to change the name in andhrapradesh?
even after the gazette publication it is necessary to apply the authorities concerned of school,college,firm to change his name immediately? Is there any fee for that process? what is the expenditure may occur for everything
ponraj.vr Advocate
10 April 2012 at 22:16
what are the acts bind national highways of india
pls refer some books related to national highways
kamala
10 April 2012 at 17:33
under which act, the tenure of independent directors of commercial bank is provided.
who is the governing authority for this provision
sujata warke
10 April 2012 at 14:29
I have done inter caste marriage these year.I have heard that those who have done inter caste get 50,000rs.Please can u guide me what is the procedure to do apply this.
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Company law sec 560(6)
Dear All,
can any one provide me format of petition for restoration of companies name in the registar of companies records.
Thanks.