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b2bhandshake (Consultant)     18 November 2017

General power of attorney (gpa) on a 2 rupee stamp paper

My lawyer drafted a General Power of Attorney (GPA) drafted on a 2-rupee stamp paper. I live in Bangalore and this GPA is for my father's property. I got the GPA Notarized and 2 witnesses have signed it.  

I DO NOT plan to get this GPA registered. Does this GPA require additional stamp duty?

 



 1 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     01 March 2019

1.  "Irrevocable" POA for Sale /Gift /Transfer /Mortgage /whatever, specifically for "immovable property" must be stamp duty paid (500/-) and duly registered (1000/-), before the local office of Registrar of Sub-Assurances, anywhere in India.

2.  The above is compulsory, irrespective of any blood relation /whosoever.

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


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