Special Power of Attorney
You need a special PoA with the exact real estate address mentioned to make it valid for managing bank loans, rental management, possession of flat, registration of real estate in Indian registrar office and other purpose.
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Is Stamp Paper Required for POA?
There is no need of printing power of attorney on Indian stamp paper.
Take a plain piece of A4 size paper (white) and write down the POA terms and conditions about powers you want to share with the POA holder.
Difference Between General & Special Power of Attorney
General power of attorney is a generic version which does not mention the specific flat/apartment details as compared to Special attorney which has exact details of the property to be managed.
General POA contains terms and conditions to share the signing authority for general purpose like management of bank account, share holding accounts, rent acceptance for multiple properties etc.
Sample Special Power of Attorney in DOC format
The same PoA is available in google docs format here. You can copy paste and use it in your doc.
Special Power of Attorney Sample Usage
We have used this same PoA in Gurgaon, India to get the possession of a flat and get it registered in Haryana’s registrar office. It has been tried and tested with SBI bank home loan too. It works.
This special PoA was first attested in New York Indian Embassy in USA and then registered in Delhi’s Sub Divisional Magistrate’s office (because the PoA holder had residence in Delhi).
Then, it was used in Haryana to get the possession of property located in Gurgaon which is a different state than Delhi.