Any immovable property can be sold or purchased by person residing abroad through Special Power Attorney. It is SPA not POA. 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 attested 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 % 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. The SPA needs special format of draft.
- SPA can be given to any blood relation, it you choice you can give it to brother or father.
- It has to attested as stated above not notarized.
- Attests SPA by Consulate needs only validation by District Registrar in Hyderabad not registration. Office is at Near Niloufer Hospital, Hyderabad.
- The flat will be registered in your name only.
- All documents will have your name as buyer.
- You will have all rights of normal buyer. It is as if you are directly buying the flat.
- You pay one per cent stamp duty extra for validation of SPA.