Legumconsultation law firm

 Biswajit Das

 9 Years Exp

 General Power of Attorney (Show More)

 Kamrup , Kahilipara

 View Answers by this Partner (4)

 Profile Views : 23223

Information

Overview

Where the principal authorises the Attorney to do certain general acts on his behalf. The word "General" here means that the power must be general regarding the subject matter and not general with regard to powers in respect of a subject matter.

Either you can give a GPA for all your properties, banking transactions, tax matters, registration, legal disputes and court matters etc. Or you can give a general power to any one category like only for all property matters or only for all Banking processes etc. This type of Power is very wide and has lot of risk if the Attorney is not a trustworthy person.

General Power of Attorney is executed by a person in favour of another to act on behalf of him generally. It may include management of property, Court matter/litigations, sale of mortgage of property or any other act.

A person who has attained majority may execute power of attorney in favour of another person who has attained majority including family members like brother, sister, father and mother to act on his behalf. If a power of attorney is executed to sell property in favour of relatives other than those mentioned above, 2 percent stamp duty shall be paid on market value of such property.

If a power of attorney is executed in favour of developers, Builders of apartment, 4 percent stamp duty shall be paid on market value of such property. (see article 5(f) & 41(a), 41(ea), Schedule to Karnataka Stamp Act 1957).

a.GPA automatically gets cancelled on the death of Executant.

b. Principal (Executant) may cancel it any time.

If the Power of attorney is executed for consideration in respect of property it cannot be unilaterally revoked, prejudicial to the interest of the agent (See Sec.202 of Indian Contract Act, 1872).


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Name : Biswajit Das

Law Firm Name : Legumconsultation law firm

Country : India

City : Kamrup

State : ASSAM

Practicing Since: 2016

About Your Firm : I practicing in the Hon'ble Gauhati High Court and also appear before other subordinate courts of North Eastern state. I provide services in different fields of law such as constitutional , criminal and civil law, labour law, writs, Bail, Motor vehicle accident claim, cheque dishonor matters, contract law,DRT matters, matrimonial disputes, sale deed and other agreements and documentation drafting.

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 Legal & Drafting

  Power of Attorneys ( Revoke/cancel Power of Attorney )
  Lease/Rental Agreements ( Apartment Rental Agreement )
  Packages ( Legal Opinion to Registration (Plot/Site) )
  Agreements/Deeds ( Agreement of Sale )
  Affidavits ( Name & Address Affidavits )
  Lease/Rental Agreements ( Leave And Licence )
  Agreements/Deeds ( Partition Deed )
  Property & Documents Inspection ( Documents Inspection in Builder Office )
  Procure Revenue Documents ( Pahani/RTC )
  Construction Approvals ( Residential )
  Lease/Rental Agreements ( House Rental agreement )
  Packages ( Sale Agreement to Registration (Plot/Site) )
  Agreements/Deeds ( Construction Agreement )
  Affidavits ( Personal Affidavits )
  Lease/Rental Agreements ( NOC From Landlord )
  Agreements/Deeds ( Memorandum of Understanding )
  Property & Documents Inspection ( Fraud & forgery Inspection )
  Procure Revenue Documents ( Mutation )
  Construction Approvals ( Commercial )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
  Packages ( Sale Agreement to Registration (Apartment) )
  Agreements/Deeds ( Sale deed )
  Affidavits ( Student Affidavits )
  Lease/Rental Agreements ( Other Lease/Rental Agreements )
  Procure Revenue Documents ( Electricity Bill Name Transfer )
  Agreements/Deeds ( Joint Development Agreement )
  Property & Documents Inspection ( Agriculture Land Inspection )
  Wills ( Make A will )
  Lease/Rental Agreements ( Commercial Shop Rental Agreement )
  Packages ( Legal Opinion to Registration (Apartment) )
  Agreements/Deeds ( Gift Deed )
  Affidavits ( Passport Affidavits )
  Consultation on Property ( Property Buying )
  Procure Revenue Documents ( Duplicate/Certified copy of sale deed )
  Registration Assistance ( Plot )
  Property & Documents Inspection ( Industrial / Commercial Inspection )
  Wills ( Make A Codicil )
  Lease/Rental Agreements ( Commercial Lease Agreement )
  Legal Opinion (Written) ( Plots )
  Agreements/Deeds ( Sale Agreement/Deed Review )
  Affidavits ( Gas Affidavits )
  Consultation on Property ( Property Selling )
  Procure Revenue Documents ( Certified copy of revenue document )
  Registration Assistance ( Apartment )
  Notary & Attestation Services ( Get A Document Notarised )
  Lease/Rental Agreements ( Residential Lease Agreement )
  Legal Opinion (Written) ( Apartment )
  Agreements/Deeds ( Construction Agreement Review )
  Affidavits ( General Affidavits )
  Procure Revenue Documents ( Encumbrance Certificate )
  Procure Revenue Documents ( Certified copy of registered GPA/SPA )
  Registration Assistance ( Villas )
  Legal Opinion (Written) ( Villas )
  Notary & Attestation Services ( Gazetted Officer Attestation )
  Lease/Rental Agreements ( Room Rental Agreement )
  Agreements/Deeds ( Rectification Deed )
  Affidavits ( Other Affidavits )
  Procure Revenue Documents ( Khata Extract )
  Procure Revenue Documents ( Certified copy of registered documents )
  Registration Assistance ( Independent House )
  Legal Opinion (Written) ( Independent House )
  Notary & Attestation Services ( Tenant Police Verification )
  Lease/Rental Agreements ( Office Sharing Agreement )
  Agreements/Deeds ( Relinquishment deed )
  e-stamp paper ( Get E-stamp paper )
  Procure Revenue Documents ( Khata Certificate )
  Procure Revenue Documents ( Other Revenue Documents )
  Registration Assistance ( Agriculture Land )
  Legal Opinion (Written) ( Agriculture Land )
  Utility/Property Payments ( Property Tax Payment )
  Lease/Rental Agreements ( Car Parking Agreement )
  Agreements/Deeds ( Mortgage Deed )
  Property & Documents Inspection ( Plot/Site Insepction )
  Procure Revenue Documents ( Khata Transfer )
  Power of Attorneys ( General Power of Attorney )
  Registration Assistance ( Commercial Property )
  Legal Opinion (Written) ( Commercial Property )
  Utility/Property Payments ( Electricity Bill Payment )
  Lease/Rental Agreements ( Settlement Of Rental Agreement )
  Agreements/Deeds ( Exchange Deed )
  Property & Documents Inspection ( House/Apartment Inspection )
  Procure Revenue Documents ( Mother Deed Extract )
  Power of Attorneys ( Special Power of Attorney )
  Registration Assistance ( Revenue/Other Site )
  Legal Opinion (Written) ( Revenue/Other Site )
  Utility/Property Payments ( Water Bill Payment )
  Lease/Rental Agreements ( Paying Guest Agreement )
  Agreements/Deeds ( Release Deed )
  Property & Documents Inspection ( Documents Inspection in Govt Office )
  Procure Revenue Documents ( Copy of Grant Certificate )

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by Legumconsultation law firm :  Yes you have to pay tax on 36 lac. If the buyer is agreed to pay the tax by himself then you can do it otherwise avoid it.

Subject :  Registration of property
Question :  Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you

Answer by Legumconsultation law firm :  Avoid making registration at 36lacs others the whole tax for that amount has to be born by you, until and unless the buyer agree to bear it.

Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by Legumconsultation law firm :  It will be delivered within 48hours and the total charge for this is 950 including stamp and notary. For more detail call

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Legumconsultation law firm :  Yes it is possible. For more detail you can call me