Transfer of property through GPA easier said than done | Latest News India - Hindustan Times
close_game
close_game

Transfer of property through GPA easier said than done

Hindustan Times | By, New Delhi
Jul 24, 2013 02:21 AM IST

Despite a go-ahead from the government, transferring property using the general power of attorney (GPA) is not going to be easy in the Capital. A day after revenue department of the Delhi government came out with a circular allowing GPA transfer, experts said that nothing had changed on the ground. HT reports.

Despite a go-ahead from the government, transferring property using the general power of attorney (GPA) is not going to be easy in the Capital. A day after revenue department of the Delhi government came out with a circular allowing GPA transfer, experts said that nothing had changed on the ground.

HT Image
HT Image

A sub-registrar who did not want to come on record said the new circular did not allow a GPA-holder to execute a GPA in favour of another person.

Hindustan Times - your fastest source for breaking news! Read now.

"The circular clearly says that only a sale-deed holder (title owner of a property) can execute a GPA in favour of a home-buyer. This doesn't change the earlier position. It is just that the revenue department has reframed the paragraphs of the earlier circular," a revenue department official said, requesting anonymity.

"There is absolutely no change in the prevailing situation. The seller who holds the property on a GPA will first have to get the sale deed registered in his name and only then he can transfer it to another person," a sub-registrar, requesting anonymity, told Hindustan Times.

"There have been several inquiries since morning asking whether transfer of property from one GPA holder to another GPA holder is now possible. We have told everyone that it is still not allowed," he added.

Recently, the Delhi High Court had struck down an internal circular of the state government issued in April 2012, restricting property transactions through GPA.

The latest circular states: "There is nothing in the existing provisions of law that prevents a registered property owner... from executing general power of attorney in favour of his family or relatives or person of trust to manage his property."

"There was no ban on transfer of property from one family member to another on GPA," an official said.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal Arrest Live Updates, Bihar Board 12th Result Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, March 27, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On