What is the amount of stamp paper for General power of attorney

Response

“In my view the it calls for 500 stamp and one hundred registration charges+DHC. however out of pocket charges should be between 1200 to 1500, drafting and advocates charges 3000-5000. This depends on the case. People generally think law states expensevue fees to be paid and wonder why rs.5000-7000 have to be paid. However, a few hurry and end up paying more amount that what’s actually required. Stamp paper of Rs.500/- may be required for PoA for your case. Maharashtra Stamp Act extensively explains that stamp duties have to be levied on various kinds of documents. For your cause a notarized POA to that impact may be enough.

Registration of a POA is obligatory, if it’s done for the sale of a property. Also it is to be noted that a notarised PoA might be admissible as evidence within the court . However, the guidelines may also vary, based on the state wherein the said instrument is being drafted. The stamp duty is payable for power of attorney is one hundred rupees. For registration , the rate payable is one hundred. For a general kind of power of attorney that is given to promoters and developers, the stamp duty is a thousand rupees and registration costs are Rs one hundred.”

Reference: The law governing is The Maharashtra (Bombay) Stamp Act, 1958 comes into force on 16th February, 1959 and is applicable in the State of Maharashtra. This Act is intended to levy Stamp duty on certain types of documents executed in the State or brought from outside for acting upon the same in the State, Power of attorney act which says power of attorney” is a legal instrument whereby one person gives another person the authority to act on his or her behalf as his legal representative, and to make binding legal and financial decisions on your behalf. – – AHG139 – 202100580 – 69 – 150- 2021002232021004219237

LAWAYZ-2023-997

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