Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Raghav Arora   29 February 2020

Execution of Power of Attorney - Maharashtra

Question on one of the comments on an article -
https://www.lawyersclubindia.com/articles/comments.asp?article_id=11017

It is said above that Notarizing the POA is as good as registration. In maharashtra, at registry office, if agent is outsider or not in any relation, stamp duty will be calculated / charged on behalf of market value of property. while notarized is done on 100/- stamp paper. Will both have same powers?


 2 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     29 February 2020

1.  ONLY a proper Stamp Duty paid (500/-) and Registered POA holder is entitled to execute any immovable property transaction before the local registrar of sub-assurances.  IF the POA is not registered, THEN the whole proceedings shall remain illegal.  POA can be given to "ANYBODY", irrespective of relationships.

2. Stamp Duty on POA is not the same as Stamp Duty paid on Sale /Purchase Deed.  POA holder can execute Sale Deed, wherein the Sale Deed MUST be duly stamp duty paid and duly Registered.  A Notarized POA is legally infructuous for immovable properties.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

Raghav Arora   29 February 2020

Thank You so much!! Actual and genuine answers to querists with the intent of helping. And that too this quick. Awesome!

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query