I wanted to purchase a semifinished independent house at nagpur.
The seller has given a general power of attorney to his brother.The seller is demanding some amount must be given in cash at the time of agreement..I consulted a lawyer, he advised to register the agreement with the full stamp duty value and at the time of sale deed the registration value will be around Rs500/ only.
I suppose that you want to make an agreement of purchase of tha flat with the seller. if it is so then your agreement must be written on the stamp paper of proper value and must be signe by both the parties along with witness. How ever it must be noted that it should be registered within 4 months before the date of sighning of this agreement so that it may become good piece of evidence.
later on you and seller both have to sign a sale deed of this flat. this will be a proof of your ownership of flat has been transfered to u .
Normaly in most of the State Stamp Duty Acts there is a provision that if the an agreement to sale a property is registered with full Stamp Duty paid on the value of the property to be purchased, than at the time of Sale Deed no stamp Duty will be payable. If there is such a provision in the Stamp Duty Act applicable to you, you can do so.
Please verify that power of attorney is a special power of attorney and only relating to your property. There can be an irrovacable power of attorney and it will be irrovocable till the execution of Sale Deed.
The power of attorney is a General power of attorney, and The sentence " it will not be revoked till the complesion of sale of property ".And as per my advocate the state of Maharashtra is having the provision for registering the sale agreement with full stamp duty.