How Power of Attorney Help Registering Property in India?
Are you beholding
to buy a flat in Prestige Willow Tree Bangalore? But you reside out of
Bangalore and not able to come for the registration of your apartment in
Prestige Willow Tree.
No worries!! We have the best solution for the
buyers like you the ‘Power of Attorney’. Yes, Power of Attorney will help you
register your home at Prestige Willow Tree Vidyaranyapura residential
apartments. Let’s see what power this Attorney gives to you.
Power of Attorney has accurately termed as power because through this any person can give all of his rights or power regarding his purchased property to any of his trusted family member or a friend. The case is like this, any person who buys a property is called the principal. The principal gives the power or right to his friend or family called legal representative- the attorney. Now this attorney executes all the formalities or duties with regard to property buying or registration on behalf of the principal. The attorney is given all the rights by the buyer of the property to perform different registry functions at the office of sub-registrar. The attorney should be a trusted person of the principal and need to carry his valid identity proof, Aadhaar card, and photographs.
Not only the NRIs, but even a person who is living within the national boundaries can also use the power of attorney registration if he is unable to manage his presence at the time of property registration. Also, the elderly people or sick person who cannot personally visit the registrar can use the PoA registration on their behalf.
Any person who fulfills the following condition can become a power of attorney.
Thus, even if you are unable to manage your time to come and complete the registration of your apartment in Prestige Willow Tree, PoA makes it easy for you to buy and manage your property in any part of the country even if you do not live at the same place or the same country.
What is Power of Attorney?
Power of Attorney has accurately termed as power because through this any person can give all of his rights or power regarding his purchased property to any of his trusted family member or a friend. The case is like this, any person who buys a property is called the principal. The principal gives the power or right to his friend or family called legal representative- the attorney. Now this attorney executes all the formalities or duties with regard to property buying or registration on behalf of the principal. The attorney is given all the rights by the buyer of the property to perform different registry functions at the office of sub-registrar. The attorney should be a trusted person of the principal and need to carry his valid identity proof, Aadhaar card, and photographs.
Advantages of using Power of Attorney
Sub-section 17 of the Indian Registration Act
1908 requires both the seller and the buyer to be physically present at the
time of registration as well as the possession of the property. Thus, the main
benefit of using a Power of Attorney is that all the registration and
possession work of the property would be completed by the attorney but it would
seem that the actual buyer i.e. the principal of the property is performing the
tasks.
For instance, if a
person of Indian Origin living in different part of the world wants to buy an
apartment in India. Sometimes, it becomes difficult for the NRI buyers to come
to India just for the registration of the property. In such situation, the NRI
can easily arrange and present his Power of Attorney to visit the registrar
office to carry out the property registration and other processes on his
behalf.
Not only the NRIs, but even a person who is living within the national boundaries can also use the power of attorney registration if he is unable to manage his presence at the time of property registration. Also, the elderly people or sick person who cannot personally visit the registrar can use the PoA registration on their behalf.
Any person who fulfills the following condition can become a power of attorney.
- He must be a citizen of India
- He must reside in the country at the time of property registration
- He must have a valid Id-proofs.
Thus, even if you are unable to manage your time to come and complete the registration of your apartment in Prestige Willow Tree, PoA makes it easy for you to buy and manage your property in any part of the country even if you do not live at the same place or the same country.
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