Please advise me: A property situated in Mumbai in the name f ABCD.
ABC agree to sale the property. But they are Unable to present before Sub registrar Mumbai. So they want to appoint D as their representative and give all powers including sale of the property, by way of registered power of attorney.
Please Advise me how much stamp duty they should for registration of the POA.
(Expert) 16 November 2015
Author, when given to any other person has to be stamped as a Conveyance under Clauses (a), (b) or (c) as the case may be of Article 25 viz., at the rate of 4% or 5% as the case may be on the market value of the subject Property and shall be required to be mandatorily registered with the Sub-Registrar of Assurances before the same can be use. if the POA given to a blood relative it costs to Rs.500/- only.