Home |NRI | How do I collect housing documents from bank after a loan closure if I stay outside of India?

How do I collect housing documents from bank after a loan closure if I stay outside of India?

Answer Answer Notify Me - 1 Notifying - 2



PGN Property Management PGN Property Management, Real Estate & Documentation Consultant with 21+ years of experience
Answered on July 03,2022

NRI can collect housing documents from Bank by giving General Power of Attorney

Below is the step-by-step procedure to give General Power of Attorney (GPA):

Step 1: Each bank has they own GPA draft, hence request the draft from your bank’s representative or simple Google search may help to find

Below is the mock draft from LIC HFL

 

Step 2: Fill the draft with your required information. 

Step 3: Print the draft on normal A4 size paper 

Step 4: Affix your passport size photo

Step 5: Meet the notary public near you in your country + Sign the GPA in front of notary + Get the GPA attested from Notary.

The notarized GPA looks like below image (Referring to below GPA, the property is jointly owned by husband & wife and living in London, jointly issued GPA to her brother in India)

 

 

Step 6: Send the notarized GPA to India through reputed shipping partner like DHL or FedEx

Step 7: Your GPA holder in India should carry the following documents to District Registrar office, in the jurisdiction where the property is located. (If  property located in Bangalore, should approach the District registrar office in Bangalore)

  • Power of Attorney
  • Passport copy of executant & Attorney
  • Request letter (share the mock below)
  • Stamp duty payment (K2 challan in Karnataka)

Below Is the mock request letter: 

 

Below is the stamp duty payment (K2 challan for Karnataka):

 

Step 8: In District Registrar office, the officer verifies the documents and approves for adjudication

Step 9: The District registrar calls you next day to collect the adjudicated POA. 

The Adjudicated GPA looks like below image

This completes the procedure to give GPA to collect documents from Bank. 

Your GPA holder should carry the adjudicated GPA and ID proof (passport copy) to your bank. Bank verifies GPA and ID proof and hand over following documents to GPA holder

  • Sale deed
  • No objection certificate on bank’s letterhead
  • Discharge deed/ Reconveyance deed/ Release Deed  (if MODT registered with Bank)
  • And any other security documents that you handed over to bank at the time of MODT registration.

--------------

In a separate answer, we wrote detailed procedure to remove mortgage lien in sub-registrar office, Below is the link to the answer 

https://www.tesz.in/ask/what-is-discharge-deed-how-to-do-discharge-deed-for-property-mortgage-in-karnataka-nc26673

------------------

We provide end-to-end assistance to execute Power of Attorney + collect documents from Bank + register discharge deed + home delivered. To opt for our service, please Whatsapp to + 9 1 – 9 7 4 2 4 7 9 0 2 0.

Thank you for reading…

How would you rate the answer?


Excellent Good Neutral Poor Bad

Thank you for your response..

Chat with PGN Property Management
Clap Clap 0
Share Share Answer Share Share
Views 16 views
tesz.in
Hey, can you help?
Answer this question Answer this question

Related Questions

Try to help us answer..
Top contributors this week

User Pic
Sakala Helpline

User Pic
Molleti Ramesh Babu

User Pic
Parameswaran TK

User Pic
Jean at Adventus Canada immigration

User Pic
Business DGC
More
Best Practices while applying for Government services online

1. Check whether you are eligible to apply for this service.

2. Check the documents required for application before applying.

3. Keep the documents in one folder for ease of access.

4. In case of any doubts, check whether the queries are already answered. You can check the FAQ section of the department website or use platforms like Tesz for this purpose.

5. Once you have applied, note down the application number to track the status.

6. Check the time required for the completion of the service. If the service is not completed within the due time, track the status online or reach out to the department.