Plan to allow GPA holders to sell properties put on hold
A Delhi government move that was aimed at giving relief to property owners by allowing property sale and purchase through General Power of Attorney (GPA)/ Sale Agreement/ Will has been put on hold for now because the government is reportedly planning to make the announcement right before the assembly elections. ‘The declaration will be made when the election draws nearer,’ a high-level official said.
A circular in this regard was reportedly finalised by the revenue department but the circular has been put in the cold storage for now. According to the circular, the registered holder of power of attorney 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.
People are anxiously waiting for the circular to be approved because it is expected to benefit lakhs of people especially those living in cooperative housing societies, unauthorised colonies and Delhi Development Authority flats.
The Delhi high court had recently struck down a circular of the state government, restricting property transaction through GPA. The circular, issued in 2012 by the department, had directed all registrars and sub-registrars to not register sale deed for an immovable property based on a GPA, will or agreement to sell.
Delhi government then directed concerned officials to a fresh circular.