Thank you Sir. I searched and specifically for sales of Immoveable property a registered Conveyance Deed is required and a GPA doesn't transfer any interest
case : Suraj Lamp and Pvt. Ltd. v/s State of Haryana and another.- Oct. 2011 . held :
- The General Power of Attorney (GPA) method of immovable property sales is not a valid form of transfer of property.
- A power of attorney is not an instrument of transfer in regard to any right, title or interest in an immovable property," the bench said, after interpreting various provisions of the law concerning property sales.
- Any contract of sale (agreement to sell) which is not a registered deed of conveyance (deed of sale) would fall short of the requirements of sections 54 and 55 of TP Act and will not confer any title nor transfer any interest in an immovable property (except to the limited right granted under section 53A of TP Act).
- Section 54 of TP Act makes it clear that a contract of sale, that is, an agreement of sale does not, of itself, create any interest in or charge on such property.
- Nothing prevents affected parties from getting registered Deeds of Conveyance to complete their title. The said `SA/GPA/WILL transactions' may also be used to obtain specific performance or to defend possession under section 53A of TP Act.
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Thank you again for your clarifications and interest.
Suraj Lamp and Industries Pvt. Ltd vs the state of Haryana and others.
Read more at: https://www.livemint.com/Money/DkWqZWI3rvd6bxZaIBaHaL/General-power-of-attorney-doesnt-convey-any-right-or-title.html?utm_source=copy
Suraj Lamp and Industries Pvt. Ltd vs the state of Haryana and others.
Read more at: https://www.livemint.com/Money/DkWqZWI3rvd6bxZaIBaHaL/General-power-of-attorney-doesnt-convey-any-right-or-title.html?utm_source=copy