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Q.

What is the difference between Power of Attorney and registry in context of Property Transactions?
Which one is safer and allowed to do the transaction in delhi?

Tags: real estate, power of attorney, politics & government
Asked by aditya, 28 Jan '11 04:59 pm
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Answers (4)

1.

Both are different. Power of Attorney is somebody signing on behalf of the owner empowered to do so. Registry is signing before the registrar of properties to authenticate the property transaction in the official records in the name of the owner, after paying stamp duty as revenue to the Government !
Answered by nagendra kumar pathak, 30 Jan '11 03:57 pm

 
  
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2.

In layman's language "Power of attorney" confers every right to a person to take all sorts of decisions for a particular property on behalf of the owner.But it does not cofer him the ownership of the property.Whereas in registry all the rights are conferred as well as ownership is also given.
Regisrey is more safe and better than Power of attorney, though both are allowed in Delhi.
Answered by HEMANT MEHTA, 28 Jan '11 05:02 pm

 
  
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3.

Dear
Registry is 100% safe and better than Power of attorney, though both are allowed in Delhi.
Answered by anil race, 28 Jan '11 05:24 pm

 
  
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4.

Power of attorney is an authorisation given by seller to transact the deals till registration
Registry is the direct action in registrar.

both have advantage and disadvantage
Answered by saranathan Narasimhan, 30 Jan '11 04:07 pm

 
  
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