Legal Question in Real Estate Law in India
Sir,
Recently I have purchased a new build house in Chennai. The Seller of the property was having Power from the Owner issued in 2008.
Before registration I have verified in the SRO and confirmed the Power is valid. But I didnt get any document of proof saying the Owner still exist. I have brought this property through bank loan and they also didnt ask for any document for proof of existance of the Owner.
Is it necessary to get any document from the Owner? Will this cause any problem in future.
Please suggest. Thanks in Advance.
Regards,
Pradeep.
1 Answer from Attorneys
19.03.2014
Dear Pradeep,
Today is Chatrapati Shivaji Maharaj Jayanti !!
Although property sale purchase transactions are directly done from Owner to Owner, the holder of the Power of Attorney has the legal right to execute the sale of the duly verified property.
Regards,
Related Questions & Answers
-
What is the process to make my beside poramboku land into my patta land? Asked 3/17/14, 5:16 am in India Real Estate and Real Property
-
What's the macimum validity of registered/non registerd sathe khat Asked 3/17/14, 2:02 am in India Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
