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Al (CEO)     18 July 2011

Agreement to sale a property by NRI

I am an NRI. I would liek to sell a property. My folks will find a buyers in local city.

 

qu 1. If I sign an agreeement with buyer to pay 20% capital gain on the property under my PAN number ,,,agree to accept Rs XXX as sale price,buyer to deposit Rs XXX in my NRO account with bank details and acct details etc ,,,then do I have to worry about any other things or I can sleep better.....whatelse to watch out?

I do not want to give POA to anyone...Just sign such agreement and fly back to USA. Will registery be done without my presence or I need to sign any other documents at the time of the registry?

qu 2. Can I involve bank also to work with buyer to collect check and deposit in NRO account?

qu 3. If I decide to give POA to my blood relative then can I send a POA from USA ot I have to be present physically in India?

qu 4. If I hire a lawer to write a contract for me then how much will be fees? The property is in in MP.



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