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Property sale on Power of Attorney Discontinued

The Supreme Court of India had ruled that, effective prospectively from October 11, registered sale deed will be the only valid instrument of transaction of property in the country. Those holding properties on General Power of Attorney and Sale Agreement will have to get a sale deed registered to sell the property in future. Many of the owners may face problems getting sale deeds because their properties do not have a clean title. With the Supreme Court ruling, these properties cannot be sold as the owners do not have property titles.

 

 

 

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