NRI- buying property, procedures

Discussion in 'Housing' started by vijikrish, Dec 22, 2010.

  1. vijikrish

    vijikrish Gold IL'ite

    Messages:
    727
    Likes Received:
    459
    Trophy Points:
    138
    Gender:
    Female
    Re: Power of attorney for NRI to buy property

    Shanthi, Thank you so much...appreciate your time & help.
    Pranav foundations (Pranav Foundation) is builder ( I have started link) and rate is Rs.4100 per sqft. My BIL is purchasing flat and Iam joining with him in purchase.
    Other proposal in Royapettah fell down after there was some discrepancy in building approval...didnt go through & we were so disappointed...since location was very nice.

     
    Last edited: Dec 23, 2010
  2. Savvyheal

    Savvyheal Gold IL'ite

    Messages:
    938
    Likes Received:
    232
    Trophy Points:
    115
    Gender:
    Female
    Re: Procedure to apply PAN card for NRI to buy property

    Dear Shanthi ma'am,
    yes I will give the link.Thank you so much.
    I want to meet you some time, since I'm also in Chennai.

    Love Thanks Divine,
    Savvyheal
     
  3. Savvyheal

    Savvyheal Gold IL'ite

    Messages:
    938
    Likes Received:
    232
    Trophy Points:
    115
    Gender:
    Female
    Re: Procedure to apply PAN card for NRI to buy property

    Dear Viji Ma'am,
    Here is the link.

    https://tin.tin.nsdl.com/pan/form49A.html
    You have instructions also there.
    Instead of approaching UTI which is only a facilitation centre, go through directly from NSDL.

    Love Thanks Divine,
    Savvyheal
     
  4. vijikrish

    vijikrish Gold IL'ite

    Messages:
    727
    Likes Received:
    459
    Trophy Points:
    138
    Gender:
    Female
    Re: Procedure to apply PAN card for NRI to buy property

    Thank you so much savvyheal.
     
  5. rampaadh

    rampaadh New IL'ite

    Messages:
    14
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Male
    Re: Power of attorney for NRI to buy property

    Shanthi,
    Thanks for your valuable info.
     
  6. vijikrish

    vijikrish Gold IL'ite

    Messages:
    727
    Likes Received:
    459
    Trophy Points:
    138
    Gender:
    Female
    Re: Power of attorney for NRI to buy property

    Does anybody know how much lawyer fees to prepare power of attorney in India? Just rough sketch will be okay. Thank you.
     
  7. Shanvy

    Shanvy IL Hall of Fame

    Messages:
    23,659
    Likes Received:
    27,217
    Trophy Points:
    590
    Gender:
    Female
    Re: Power of attorney for NRI to buy property

    viji,

    I paid 2500 for the poa, it could be +500 with some..this was one year ago.
     
  8. vijikrish

    vijikrish Gold IL'ite

    Messages:
    727
    Likes Received:
    459
    Trophy Points:
    138
    Gender:
    Female
    Re: Power of attorney for NRI to buy property

    Thank You Shanthi. My husband was speculating lawyers fees could be percentage on the value of apartment which I thought was too high. I hope Rs.3000 should be okay deal. Thanks again.
     
  9. Shanvy

    Shanvy IL Hall of Fame

    Messages:
    23,659
    Likes Received:
    27,217
    Trophy Points:
    590
    Gender:
    Female
    Re: Power of attorney for NRI to buy property

    As far as i know percentage comes into play only when it is a broker/property management company. with the lawyer it is a fee. all the best dear.
     
  10. pree87

    pree87 New IL'ite

    Messages:
    6
    Likes Received:
    0
    Trophy Points:
    1
    Gender:
    Female
    Hi,

    It would be nice if some one can answer my queries.

    1. Is it possible for the power of Attroney to sell the property without the owner's knowledge?
    2. What will happen to the POA in case of the demise of the person for whom the POA is given ? Can his heirs claim a share on the property?

    Thanks,
    Preetha
     

Share This Page