PGN Property Management in Bangalore

  No That is not possible for your parents to send POA from India to the USA, you sign and send back to your parents for property purchase. Because When the POA prepared in India, the executant must present in sub-register office to register the POA. I mean, you should present in India to register the POA. Your presence is required in sub-register office because your thumbprint and photo are taken while POA registration. As you mentioned in the question that you are aware of embassy procedure. I guess, your embassy is far from the place where you might be living hence this makes it difficult for you to travel and get the POA attested. Please be noted, as an alternative, get the POA attested from your local notary instead of travelling to embassy for POA attestation. We wrote a detailed procedure about POA execution for NRI, please go through the below link to understand more about issuing POA from overseas to India. PGN Property Management's answer to What is the procedure for an N...

  For blood relatives: Rs. 100 for stamp duty and Rs. 100 for registration For Promoters & developers: Rs. 1000 for stamp duty and Rs.100 for registration For non-blood relatives: 5.5% of property value for stamp duty and 1% of property value for registration. Please be noted, my above answer applicable to property-related Power of Attorney. This may or may not apply to bank or company-related POA. ---------------- In Karnataka, including Bangalore, we provide the service of drafting + execution + registration. To opt for our service, please Whatsapp to +91-97424 79020. Thank you for reading...

  The power of attorney (POA) execution is quite different for NRIs and Indian residents. Let me start with NRIs resident: NRIs don’t have to be present physically for registration of property for buying, selling, or renting in India. NRIs can issue true and lawful power of attorney in favor of his/her family member, relative, friend, colleague, or agent. we should make sure that attorney holder is truthful and reliable to you. Steps to execute a power of attorney agreement as below, Step 1:  Prepare the draft in word format Step 2 : Print draft on A4 size bond paper Step 3:  NRI should sign   POA in front of the Consulate Officer of the country where you are located. Should sign at bottom of all pages and witness has to sign at witness section. Get the POA attested from consulate office. Step 4:  Courier the POA to your true and lawful attorney to India. Step 5:  Attorney holder and one witness in India should sign and adjudicate the POA in India. Adjudica...