I have identified a land in chennai and entered into aggrement(not registered) with the seller that I will apply for loan and settle the amount in 3 months and register the property. However, because of undue delay from the Bank, my Father paid the amount and got Power of Attorney over the property. Now he wants to register that property in my name.
1. Can he sell the property to me? Will Banks provide loan to me against that property so that we can pay the amount we borrowed from other sources?
2. What is the procedure to register the property in my name? Should I pay the stamp duty?