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Home > Home Loan > Learn > Power of Attorney for Property

Power of Attorney for Property

March 28, 2025
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Life is full of unexpected turns, and sometimes, circumstances make it difficult for us to handle our property or financial matters. It could be temporary, like an extended trip abroad, or something more permanent.   In these moments, having a trusted person who can step in and manage things on your behalf is invaluable. This is where a Power of Attorney for property comes into play. 

Let’s explore how this simple yet powerful tool can bring peace of mind and security to your life.

What is a Power of Attorney?

A Power of Attorney for property is a legal document that grants someone else the authority to manage your property and financial affairs on your behalf. This person, known as your agent or attorney-in-fact, can handle tasks such as buying or selling property, managing bank accounts, paying bills, and handling other financial matters. 

This document can be particularly useful if you’re unable to manage these responsibilities yourself due to illness, absence, or other reasons. The scope and duration of the agent’s authority can be customised to fit your specific needs and preferences.

Types of Power of Attorney for Property

TypeDescription
General Power of Attorney (GPA)This grants broad powers to the agent to manage various aspects of the principal’s property and finances. It’s typically used when the principal is unavailable for an extended period.
Durable Power of AttorneyUnlike the General or Special PoA, this type remains in effect even if the principal becomes incapacitated. It’s less commonly used in India but can be important for long-term property management.
Springing Power of AttorneyThis PoA only comes into effect upon the occurrence of a specified event, such as the principal becoming incapacitated or leaving the country.
Special Power of Attorney (SPA)This is more limited and specific. The agent is authorised to perform a particular task, such as signing a sale deed or handling a specific property transaction, on behalf of the principal.

Who Can be Chosen as a Power of Attorney?

In India, choosing a Power of Attorney (POA) for property requires selecting someone you trust completely. Here’s how to choose a Power of Attorney for your property:

Who Can Be Chosen:

  1. Any competent adult can be appointed, including professionals like attorneys, accountants, or bankers.
  2. Common choices include a spouse, adult child, or other relatives, offering cost savings and privacy.
  3. Choosing a family member keeps sensitive financial and personal information within the family.
  4. Appointing a professional as POA may incur fees, but provides expertise for managing complex affairs.

Legal Considerations:

  • The person you appoint must be an adult and mentally competent. They must also be willing to act as your agent.
  • The agent has a fiduciary duty to act in your best interests. This means they must manage your affairs responsibly and ethically.
  • The Power of Attorney document should be clearly drafted, specifying the extent of the agent’s authority. It should be registered, especially if it involves immovable property, to avoid any legal complications in the future.

Power of Attorney for Property Format

A Power of Attorney (POA) document is a legal tool that allows someone to act on your behalf in managing your financial and legal affairs. A standard POA format typically includes the following sections:

  • Grantor Identification: This section identifies the person who is granting the authority, also known as the “principal.”
  • Agent Identification: This part names the individual who will act on the grantor’s behalf, often referred to as the “attorney-in-fact” or “agent.”
  • Scope of Authority: This section outlines the specific powers given to the agent, such as signing legal documents, handling bank accounts, selling property, and more.
  • Duration: This part specifies how long the POA remains valid. Some POAs are “durable,” meaning they continue to be effective even if the grantor becomes incapacitated.
  • Signature Requirements: Here, the document details the necessary signatures for both the grantor and the witnesses to make the POA valid.
  • Revocation: This section explains the process for cancelling the POA, typically done by signing a revocation document and informing all relevant parties.
  • Notarization: This part outlines the requirements for getting the POA notarized, which may be mandatory in certain states or jurisdictions.

Here’s a Power of Attorney for a property sample.

Step-by-Step Guide for Drafting a Power of Attorney Deed

1. Drafting the Deed:

  • Begin by clearly outlining the powers you intend to grant and identifying the individual who will hold these powers. Precision in drafting is crucial to avoid any ambiguity or legal issues later on. It is highly advisable to consult with a legal expert to ensure the deed is comprehensive and free from errors.

2. Legal Requirements and Documentation:

  • Identity Proof: The grantor and the agent must provide valid identity proofs such as Aadhaar Card, Passport, or Voter ID.
  • Address Proof: Acceptable documents include utility bills, bank statements, or other official documents that confirm the residential address of the involved parties.
  • Witnesses: Two witnesses are required to validate the deed. They must also present their identity and address proofs to confirm their participation.

3. Signature and Registration:

  • The Power of Attorney deed must be signed by the grantor, the agent, the witnesses, and the legal professional involved.
  • Once signed, the document must be notarized. Following notarization, the deed should be registered at the district sub-registrar’s office to make it legally binding and enforceable.

Special Considerations for NRIs Executing Power of Attorney

Methods for NRIs to Execute a Power of Attorney for Property in India:

Legalisation Method

  1. Process: 
  • The NRI signs the POA before a judge or notary in their country of residence.
  • An Indian Embassy or Consulate representative authenticates the judge/notary’s signature. 
  • The POA must be stamped in India within 3 months of receipt.

2. Legal Aspects:

  • Stamp duty is paid when registering the document in India.
  • The duty is calculated according to the Indian Stamp Act, 1899.

Apostillisation Method

  1. Process: 
  • The NRI signs and authenticates the POA in their country of residence.
  • They then obtain an Apostille certificate to verify the authenticity of the signature or seal on the POA.

2. Legal Aspects:

  • Must comply with Indian laws such as the Registration Act, 1908 and Power of Attorney Act, 1882.
  • Follows guidelines set by the Hague Convention of 1961.

Key Points to Remember:

  • Both methods aim to ensure the POA’s legal validity in India.
  • The choice between legalisation and apostillisation may depend on the NRI’s country of residence and its relationship with India.
  • Proper execution is crucial for the POA to be recognized and effective for property transactions in India.

Conclusion

In conclusion, you create a Power of Attorney for Property to ensure someone manages your property and financial matters effectively when you’re unable to do so yourself. It provides peace of mind by allowing you to appoint a trusted individual to handle your affairs, whether you’re facing health issues, travelling, or simply need assistance with managing complex transactions.

As you plan for your future, especially if you’re considering buying a home, having a Power of Attorney in place is an important step to safeguard your investment. For more guidance on buying a home and securing your financial future, explore the resources and expert advice available at Credit Dharma.

Frequently Asked Questions

Is stamp duty required for a Power of Attorney (PoA)?

Yes, you must pay stamp duty when executing a Power of Attorney in India. The amount varies based on the type of PoA and the state where you execute it. For example, in some states, stamp duty for a general PoA might be around Rs. 100, while for a PoA involving the sale of property to non-relatives, it can be as high as 5% of the property value.

Does a PoA remain valid after the grantor’s death? 

No, a Power of Attorney becomes invalid upon the death of the grantor (the person who created the PoA). The authority granted to the attorney (the person acting on behalf of the grantor) ceases immediately upon the grantor’s death​.

Can a PoA holder sell the property to themselves? 

A PoA holder generally cannot sell the property to themselves unless explicitly authorized by the grantor in the PoA document. Such transactions are usually scrutinized and may be subject to legal challenges, as they can be seen as a conflict of interest.

Is it possible to appoint multiple PoA holders?

Yes, it is possible to appoint multiple Power of Attorney holders. The grantor can specify how these attorneys should act, whether jointly, separately, or in a specific order of priority. This ensures flexibility in managing the responsibilities outlined in the PoA.

How can a PoA be revoked?

The grantor can revoke a Power of Attorney at any time, provided they are mentally competent. To revoke it, the grantor must do so in writing and inform both the attorney and any relevant parties. If the PoA was registered, the revocation may also need to be registered.

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