Quick Guide: How NRIs Can Sell Inherited Property in India
Fourth: Final step to finish the sales procedure
The sales process for property includes several steps as well. While you seeking help from professionals, they can help you identifying the correct sale value for your property. NRIs have to give the Power of Attorney while selling the property.
According to Shah, "It is a misconception that the NRI will have to give complete power of attorney for all property related matters to someone in India. What the NRI would need to give is an 'Admit PoA.' The Admit PoA only says that while all the documents are executed by the owner, the PoA holder would represent him in the registration office because of the NRIs inability to be present physically."
All the documents needed for sales process have to be signed by the NRI in person and the PoA holder can represents the NRI for registration purposes.
"For NRIs, a PoA drafted in India and signed in person by the NRI in front of the Indian Consulate is acceptable by registrars. This PoA can be made in favour of a relative/friend to complete the registration process," added Ahuja.
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