• Selling of inherited property

My father passed away recently and we have decided to sell out the ancestral house. There are 5 legal hiers - 2 of us are in India and other 3 are citizens of foreign countries (US, Switzerland). 
My question is :
1. Is OCI card mandatory for those 3?
2. What are the documents they need for this sell?
3. Without applying OCI, can this sale happen if they give POA to us ? 
4. How can they take money back to their country ?
Asked 4 years ago in Property Law
Religion: Hindu

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13 Answers

You have to apply for mutation of land in name of 3 legal heirs 

 

2) enclose copy of death certificate of deceased father 

 

3) latest receipt of payment of property taxes 

 

4) if no objections are received mutation would be done in name of legal heirs 

 

5) OCI is not mandatory for 3 foreign citizens 

 

6) they can execute POA in your favour 

 

7) POA should be attested before Indian consulate 

Ajay Sethi
Advocate, Mumbai
97294 Answers
7859 Consultations

POA can be executed abroad for sale of property but it has to be attested before Indian consulate 

 

 

personal presence in India would not be required 

 

 

Ajay Sethi
Advocate, Mumbai
97294 Answers
7859 Consultations

1. The identity proofs of your siblings residing in foreign countries I'd essential 

 

2. The documents to prove the title of the sellets namely, if inherited from whom, documentary evidences, tax receipts, mother deed,  link documents,  mutation records,  death certificate of previous owners,  legal heirship certificate of the deceased predecessor,  all other relevant documents pertaining to the property. 

3. Yes, you can go ahead. 

4. You may ask them to follow the guidelines provided by RBI in this regard. 

 

T Kalaiselvan
Advocate, Vellore
87496 Answers
2348 Consultations

They can either be physically present here to transact in person or can delegate powers to a power of attorney agent in India to carry out the task on their behalf. 

T Kalaiselvan
Advocate, Vellore
87496 Answers
2348 Consultations

Dear sir/madam,

 

As you are going to transfer the title of ownership, please ensure that you have all the required documents like the will, the death certificate, khata certificate record of tax payment (very important so that the new owner is only liable o pay taxes) original purchase deed(as it is an old property) identity proofs like passport and PAN card with you. The OCI card is not necessary here. A form 60 can be filed in absence of PAN card.

With regard to your question. a POA an be made and that will be sufficient for you to sell the property. Thank you,

 

 

Anik Miu
Advocate, Bangalore
10308 Answers
121 Consultations

Three brothers are very much citizens of India but reside overseas. They have all the privileges of citizen. It is privilege not restriction.  

  1. OCI card is not at all necessary.
  2. Apart from SPA with passport numbers is sufficient.
  3. Special Power of Attorney properly attested by Indian Consulate is sufficient for them to sell the property. No OCI is necessary.
  4. They have to pay certain taxes while doing bank transaction.
  5. Any immovable property can be sold or purchased by person residing abroad through SPA. The procedure is, draft a special power of attorney on Indian stamp paper of 100 rupees which  is available in all countries giving SPA to any of you relatives/friend to sell the property.  Go to Indian consulate and get SPA validated which  the consulate official will readily do. Send the SPA to the person named, he will take the SPA to the District Registrar who will validate it by putting his seal and signature. Fee for validation of SPA is 1 % in if it is given to blood relation if given to other person it is 2% of government valuation of the property. With the validated SPA your property can be sold by person named.

 

Ravi Shinde
Advocate, Hyderabad
4298 Answers
42 Consultations

Three brothers are very much citizens of India but reside overseas. They have all the privileges of citizen. It is privilege not restriction.  

  1. OCI card is not at all necessary.
  2. Apart from SPA with passport numbers is sufficient.
  3. Special Power of Attorney properly attested by Indian Consulate is sufficient for them to sell the property. No OCI is necessary.
  4. They have to pay certain taxes while doing bank transaction.
  5. Any immovable property can be sold or purchased by person residing abroad through SPA. The procedure is, draft a special power of attorney on Indian stamp paper of 100 rupees which  is available in all countries giving SPA to any of you relatives/friend to sell the property.  Go to Indian consulate and get SPA validated which  the consulate official will readily do. Send the SPA to the person named, he will take the SPA to the District Registrar who will validate it by putting his seal and signature. Fee for validation of SPA is 1 % in if it is given to blood relation if given to other person it is 2% of government valuation of the property. With the validated SPA you property can be sold by person named.

 

Ravi Shinde
Advocate, Hyderabad
4298 Answers
42 Consultations

- As per law, after the death of your father , the property would be devolved upon all legal heirs equally. 

- Hence you all 5 having respective right to sell and transfer the same after executing sale deed in favour of purchaser. 

- Further, if your 3 are unable to come to India , then they can execute GPA/SPA in favour of any relative in India , after noterization and attesting from consulate of India in that country. 

1. No, it is not mandatory

2. Any identity proof , like Aadhar card , Passport etc

3. Yes , as i mentioned above 

4. They can receive amount after following RBI rules. 

Mohammed Shahzad
Advocate, Delhi
14676 Answers
224 Consultations

1. Yes

2. OCI and POA in favour of the person who would represent them in India while selling.

3. No

4. In usual way.

Devajyoti Barman
Advocate, Kolkata
23292 Answers
519 Consultations

Hi, If the 3 legal heirs resided in the Abroad can give Power of Attorney to legal heirs there in India. Through the Power of Attorney they can sold the property.

Pradeep Bharathipura
Advocate, Bangalore
5617 Answers
338 Consultations

1.to 3 OCI card is mandatory for registering a deed of conveyance.

 

4. Money can be taken abroad  with the permission of RBI.

Krishna Kishore Ganguly
Advocate, Kolkata
27503 Answers
726 Consultations

1. They can appear before the Registrar and register a POA in favour of any one in India.

 

2. Based on the said POA, its holder can further register the deed of conveyance in connection with the said property.

Krishna Kishore Ganguly
Advocate, Kolkata
27503 Answers
726 Consultations

1. No it's not 

2. Legal heir certificate in absence of the will. 

3. Yes. 

4. Through remittances or NRI account if any

Prashant Nayak
Advocate, Mumbai
32714 Answers
208 Consultations

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