Legal Question in Real Estate Law in India

Dear Sir,

I'm purchasing a new house in Chennai, its a TNHB property. The document moves are as follows:

The direct allottee named Nagarajan have sold the Land to Mageshwari.

She gave general power to Mangilal, after a year she cancelled the power and the document is registered on 2008. But in the cancelled document there is no signature from Mangilal.

Then she gave power to another person Saravanan and the power is still active. I'm purchasing the property from Saravanan.

My Question is will Mangilal can cause any problem in future saying the power is cancelled without his knowledge? Since I'm applying for loan, the Bank Lawyer is asking to get a signature from Mangilal in a Rs.20 stamp paper. But he is demanding for 1% of my property value.

Thanks in advance.


Asked on 2/22/14, 7:14 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

24.02.2014

Dear Sir / Madam,

Buying or selling or property through a Power of Attorney is neither advisable nor recommended. Yes, there are possibilities of legal hurdles creeping up in future.

Regards,

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Answered on 2/24/14, 9:26 am


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