Can an OCI cardholder give POA to her/his father-in-law to sell her/his flat in Bangalore?
Answered on February 10,2022
Yes,
OCI cardholder can give POA to father-in-law to sell flat in Bangalore
But the stamp duty is high for giving POA to father-in-law. Father-in-law comes under non-blood relative category. The stamp duty for non-blood relative is high compared to blood relative catergoty.
Following people come under blood relative category
- Father
- Mother
- Brother
- Sister
- Husband
- Wife
- Children
The stamp duty for blood relative is just Rs. 200
In-laws, cousins, friends, colleagues, advocates, and brokers come under non-blood category.
The stamp duty for non-blood relatives is 5% of property value. For example, your property value is Rs. 50 lakh. The stamp duty is Rs. 50 lakh X 5% = 2,50,000/-
Rs. 2.5 lakh paid at the time of POA adjudication in India, which could be huge stamp value compare to blood relative stamp value of Rs. 200.
Below is one of the POA from OCI cardholder in USA. OCI cardholder issued POA to his brother in India. We paid the stamp duty of Rs. 200 in India at the time of adjudication.
In Bangalore, we provide end-to-end assistance to get POA for OCI cardholder. To opt for our service, please Whatsapp to +91-97424 79020.
Thank you for reading…
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