Description

General Power of Attorney (GPA) | Special Power of Attorney (SPA) | Property POA | POA Registration Services

Advisors Nexus provides end-to-end assistance for drafting, notarization, and registration of Power of Attorney (POA) in Mumbai. Whether you require a General Power of Attorney, Special Power of Attorney, or a Property-related POA, our legal experts ensure your document is legally valid, properly executed, and compliant with applicable laws.

From drafting to final registration at the Sub-Registrar’s office, we manage the entire process seamlessly.

What is a Power of Attorney?

A Power of Attorney (POA) is a legal document through which one person (the Principal) authorizes another person (the Agent or Attorney-in-Fact) to act on their behalf in legal, financial, property, or personal matters.

It is commonly used in property transactions, financial management, representation before authorities, and in situations where the principal cannot be physically present.

Types of Power of Attorney

1. General Power of Attorney (GPA)

Grants broad authority to the agent to manage financial matters, property transactions, business dealings, and other lawful activities.

2. Special Power of Attorney (SPA)

Limited to a specific transaction or act, such as selling a particular property or representing the principal in a specific matter.

3. Durable Power of Attorney

Remains valid even if the principal becomes incapacitated.

4. Non-Durable Power of Attorney

Valid for a specific period or purpose and becomes invalid upon incapacity of the principal.

5. Medical Power of Attorney

Authorizes the agent to take healthcare decisions if the principal is unable to do so.

6. Financial Power of Attorney

Grants authority to manage financial affairs including banking, investments, taxation, and property management.

Power of Attorney for Property in Mumbai

We assist in drafting and registering:

• Power of Attorney for Sale of Property

• Power of Attorney for Property Registration

• Power of Attorney for Flat / Land / Commercial Property

• Power of Attorney for Redevelopment Matters

• NRI Power of Attorney for Property Transactions

If the POA authorizes sale of immovable property, registration with the Sub-Registrar is mandatory.

Cost of Making Power of Attorney in Mumbai

• POA Drafting – ₹3,499/-

• POA Notarization – ₹3,999/-

• POA Registration – ₹6,499/-

Note: Stamp duty and government registration charges are additional as per applicable law.

Benefits of Power of Attorney

• Enables representation when you cannot be physically present

• Provides flexibility in property and financial management

• Useful for NRIs and senior citizens

• Avoids delays in urgent transactions

• Can be revoked (unless irrevocable)

• Automatically ceases upon death of the principal

Procedure to Make a Power of Attorney in Mumbai

1. Draft the Power of Attorney (General or Special).

2. Execute the POA on appropriate stamp paper as per Maharashtra stamp laws.

3. Sign before two witnesses.

4. Notarize the document (if required).

5. Register at the Sub-Registrar’s office (mandatory in case of property sale authority).

6. Collect the registered document.

Documents Required for POA Registration

• Passport-size photographs of Principal and Agent

• Address proof

• Identity proof (Aadhaar / Passport / Voter ID / Driving License)

• Property documents (Index II / Tax Receipt / Electricity Bill, if property-related)

Power of Attorney for NRIs in Mumbai

If you are residing outside India and wish to grant POA for property or financial matters in Mumbai:

1. Draft the POA on plain paper.

2. Sign before a Notary Public or the Indian Embassy/Consulate abroad.

3. Sign all pages of the document.

4. Courier the original document to India.

5. The authorized person in India must adjudicate and register it as per Maharashtra stamp laws.

We provide complete assistance for NRI POA validation and registration.

How to Cancel a Power of Attorney in Mumbai

1. Draft a Revocation Deed mentioning details of the original POA.

2. Sign before two witnesses.

3. Serve notice to the Agent.

4. Register the Revocation Deed with the Sub-Registrar.

5. Retrieve the original POA document.

FAQs on Power of Attorney

Can a Power of Attorney be misused?
Yes, therefore the agent should be a trusted person.

Does a POA remain valid after death?
No, it automatically terminates upon the death of the principal.

Can multiple agents be appointed?
Yes, either jointly or independently.

Is registration mandatory?
Registration is mandatory if the POA grants authority to sell immovable property.

Can a POA be revoked?
Yes, unless it is specifically made irrevocable.

Why Choose Advisors Nexus?

• Expert legal drafting

• Compliance with Maharashtra stamp and registration laws

• End-to-end assistance

• Transparent pricing

• NRI support services

• Hassle-free documentation and registration

Get Your Power of Attorney Drafted & Registered Today

Complete your POA formalities smoothly and securely with Advisors Nexus.

Consult a POA Expert in Mumbai Today.