Latest rules of power of attorney
Power of attorney could be made in the name of a blood relative or wife in Rs 300/- stamp paper and signing in front of registrar. Due to unavailability of real heir, in case he/she is in abroad this could be made in Rs 300/- stamp paper and get it signed and counter signed in cousulate or embassy will be accepted. It also can be made in white paper from abroad and signed and counter signed in consulate or embassy will be accepted after adjudication here (on payment of Rs 300/-), In case of preparing power of attorney to one who has no blood relation, Has to buy stamp paper for the amount total cost of land (stamp paper cost for registration Minus 1% ) Eg: In panchayath area 7% of the total cost is the stamp paper expense for registration, Minus , 1% . that is 7 -1 =6 % For this amount stamp paper should buy to preparing the power of attorney.
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