Legal Question in Wills and Trusts in India
Poa specific & general
My uncle (Father's brother) has share in property, which I also have share due to hereditary. He stays is Karnataka. (i) Can he give specific POA in my favor, (since Karnataka stamp duty says that nearest relative can execute specific power @ Rs.100/- stamp paper) at Karnataka? If so, what is the stamp duty to be paid. or Is it advisable to register general POA at Karnataka? If it regd at Karnataka, can the property at Tamilnadu be transferred to 3rd party by me? Pl advice.
3 Answers from Attorneys
Re: Poa specific & general
Contact a local advocate as your case pertains to karnatak state
Re: Poa specific & general
PoA can be executed anywhere in the world; but transfer shall be only in TN. The PoA is just an instrument to facilitate transfer;
You should draw a "family settlement" in which your uncle withdraws his share by way of relinquishment in your favour. On the basis of that document, you may approach the local authorities in TN for transfer of title in your name.
Re: Poa specific & general
yes he can give specific POA in your favour on Rs. 100 stamp paper and get it registered . Yes a registered POA can transfer the proeprty anywhere it is situated
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