90,000+ Legal Questions Answered

Who receives consideration amount when buying Plot from PoA Holder? Who receives consideration amount when buying Plot from PoA Holder?

1 year ago

Sir/Madam,

I am planning to buy a plot of land. The plot belongs to person 'A' as is reflected in the revenue records. Person 'A' has authorized person 'B' as his attorney (registered general power of attorney) for selling the land.

I have the following doubts:

1. Is it valid if I purchase the plot from person 'B' after he/she gets registered power of attorney from person 'A'.

2. Person 'A' will be signing the sale deed document during registry in sub-registrar office. Who will receive the consideration amount - Person 'A' or 'B'.
If I pay consideration amount to person 'B', then person 'A' can later on ask me to pay the amount?

3. Normally, in the POA it is mentioned that person 'B' will execute sale deed in sub registrar office. Does 'executing sale deed' also means that person 'B' will also receive consideration money? Or it is to be mentioned separately in the POA that person 'B' will receive the consideration money?

Please clarify.

Anik

Responded 1 year ago

View All Answers
A.Dear Client,
Please contact the given number on the website for further clarification of your query.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconInheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client, A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
question iconEWS Certificate
Dear Client, The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
question iconPOA from SriLanka to India citizen Resident Indian
Dear client, If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
question iconDarkast agriculture land sale
Dear Sir, If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
question iconMutation of property in authority records based upon registered gift deed
Dear Sir, Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.