In another exercise aimed at giving relief to property owners, the Delhi Government has issued a circular allowing sale and purchase through general power of attorney (GPA) on Monday. All the sub-registrars have been directed to start transaction of property through GPA.
According to circular, the registered power of attorney holder is competent to execute further deed of transfer by any authorised mode like sale, gift, conveyance, subject to terms and conditions of the power of attorney. lieutenant Governor Najeeb Jung on Friday has given green signal allowing GPA in the national Capital.
The circular stated that immovable property can be legally and lawfully transferred only by a registered deed like sale, gift and conveyance. "Transaction in respect of immovable property by merely executing GPA/special power of attorney / Will do not convey any title and thus are not legally recognised valid mode of transfer of the immovable property as per the existing provisions of the law," the circular said.
On May 5, the Delhi High Court had struck down a circular of the State Government, restricting property transaction through GPA in the Capital.
The circular, issued last year by the department, that had directed all registrars and sub-registrars not to register any sale deed for an immovable property based on a GPA, will or agreement to sell.