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Who all can execute a Power of Attorney in Bangalore?
asked Oct 2, 2017 in Legal Matters by Mukesh (21 points) | 150 views

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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).
answered Oct 2, 2017 by Krishna Murthy (81 points)
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