If I pay adjudication stamp duty for a non blood relative for POA, is this stamp duty set off against the stamp duty at the time of sale of property in Bangalore? Does the buyer pay reduced stamp duty at the time of sale?
Answered on July 27,2023
The Stamp Duty is offset if you give POA to Buyer, but this is risky to give POA to buyer.
5% Stamp Duty is not offset at the time sale deed registration if POA is given to non-
blood relative (other than buyer)
My suggestion: Give Special or Specific Power of attorney (SPOA) to present the deed in sub-registrar office. Stamp Duty is just Rs. 200 irrespective of blood relative, non-blood relative or property value.
Under the SPOA, you can avoid paying hefty stamp duty of 5% of property value, instead just pay Rs. 200
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