Power of Attorney (POA) is a legal document that authorizes an individual (referred to as the “Attorney” or “Agent”) to act on behalf of another person (the “Principal”) in property-related matters.
In Karnataka, two primary types of Power of Attorney can be executed
- Notarized Power of Attorney
- Registered Power of Attorney
Each type serves different purposes and involves distinct procedures and costs. Below is the detailed breakdown of both.
NOTARIZED POWER OF ATTORNEY
A notarized POA is authenticated by a notary public, who verifies the content of the Power of Attorney, the signatures, and the identity of the parties involved. Upon the verification, the Notary Public attests the POA.
PROCEDURE:
Follow these steps to execute a notarized POA:
- Draft the Power of Attorney in a Word document
- Purchase a non-judicial e-stamp paper (available at the co-operative bank, near the sub-registrar office, or authorized stamp vendors)
- Print the draft on e-stamp paper. Use A4-size bond paper for additional pages
- Visit the nearest Notary Public with the following documents:
- The Printed Power of Attorney
- Government-issued identification proof (e.g., Aadhaar, Passport) of both the Principal and Attorney,
- Two witnesses (along with their ID proofs)
- Notary Public will verify the documents, including the POA, Identity proofs, and the signature of the parties
- Notary Public attests the Power of Attorney
COST BREAKDOWN
- Stamp Duty: Rs. 500
- Vendor processing fee Rs. 50
- Paper and printing cost Rs. 50 (approx.)
- Notary Fee Rs. 250 (Approx.)
The Total Cost is Rs. 850
USE CASES:
- Ideal for banking purposes, such as collecting property documents from a bank after the closure of a home loan
- Not valid for property transactions, such as buying, selling, or gifting at the sub-registrar’s office
A notarized Power of Attorney looks like the image below:
REGISTERED POWER OF ATTORNEY
A Registered Power of Attorney executed at the sub-registrar's office and officially recorded in the registrar's database. The registered POA is mandatory for property-related transactions in the sub-registrar's office.
PROCEDURE:
To register a Power of Attorney, follow these steps:
- Draft the Power of Attorney in a Word document
- Print the Draft on Document paper
- Principal, Attorney, and two witnesses sign the POA
- Submit the application via Kaveri Online Services. The link https://kaverionline.karnataka.gov.in
- Pay the applicable government fee (Stamp Duty & Registration fee)
- Book an appointment for registration at the sub-registrar’s office
- Visit the Sub-registrar's office at the scheduled time with the following documents
- Signed POA
- Application summary report
COST BREAKDOWN:
- Stamp Duty: Rs. 1000
- Registration Fee: Rs. 200
- Scanning fee: Rs. 300 (for 6 pages, Rs. 50 per page)
Total cost is Rs. 1.500
NOTE:
- The Stamp Duty and Registration fees are fixed irrespective of property value.
- We can register at any sub-registrar office and are not restricted to the property jurisdiction. It means you can choose the nearest sub-registrar office
- The above cost is based on a General Power of Attorney (GPA) where a husband authorized his wife to purchase a property. This GPA consists of 6 pages. Refer to the GPA Image below
USE CASES:
- Suitable and required for property transactions such as buying, selling, gifting, or relinquishment registration at the sub-registrar office
CONCLUSION
Understanding the difference between a Notarized and Registered Power of Attorney is crucial, especially when dealing with property-related matters. While a Notarized POA is simpler and more cost-effective for non-property purposes such as banking or document collection, a Registered POA is mandatory for any real estate transactions.
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