The Property in Chandigarh administration in a trial to place a check on transfer of property
because it has been tired Himachal Pradesh thus on stop the loss of revenue,
artificial boom created by the dealers and {also the} investors and also to
plug alternative malpractices, is birthing stress on the utilization Power Of
lawyer (POA).
 |
| Property in Chandigarh |
Keeping
this seeable, in Chandigarh most business properties area unit on land which
suggests that these properties can't be sold beneath the law of the land and
registered with the Estate workplace however will be transferred through
monocot genus solely. Flats in bound sectors like sector forty one to fifty two
and conjointly in thirty eight wests also are on lease and might be transferred
on monocot genus solely. This is often done by the administration so as to
manage the boom within the realty sector. And to some extent the got has been
fortunate as these properties aren't sold overtly and so the rates area unit
controlled. The POAs area unit terribly effective in value management. For e.g.
a pair of chamber flat in MDC is for thirty five lakhs whereas on lease it will
be obtainable for 21-22 lakhs.
A
power of lawyer (POA) is associate authority given by method of a proper
instrument whereby one person, WHO is termed the donor or principal, authorizes
another person, WHO is termed the recipient, lawyer or agent, to act on his
behalf.
 |
| Property in Delhi |
Whereas.
Section 1-A of The Powers of lawyer Act, 1882 defines Power of lawyer as
"Power of lawyer includes any instrument empowering a given person to act
for and within the name of the person death penalty it".
A
freehold Property in Delhi (plot or a flat) is one wherever there's an entire and sole
owner(s), possession is full and unconditional (within the provisions of the
laws of the land) and there's no proprietor / renter concerned.
Whereas
land property is that the one wherever the govt or the authority remains the
owner of the property for a particular fundamental quantity typically ninety
nine years. a particular lease is paid by the lesse to the proprietor WHO
during this case is that the government, which can be modified from time to
time. It will be transferred through a monocot genus solely and no written
record will be done on that. However POAs will be done on land similarly as a
freehold property. This suggests that freehold property will be transferred on
POAs and Registries however the land will be transferred through POAs solely.
For More Information About us:- Property in Kolkata
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