Documents
required while applying for permission to acquire immovable property
in India
| 1. | If the application is signed by a holder of power of attorney on behalf of the applicant, a copy of the valid Power of Attorney duly certified by a competent authority. | |||
| 2. | An undertaking regarding non-repatriation of sale proceeds, income of/from the property as per the form appended to the application. | |||
| 3. | Documents on the basis of mode of acquisition : | |||
| Mode of acquisition | Documents | |||
| (a) |
Purchase/lease |
(i) |
An authenticated copy of agreement to purchase/lease or draft of purchase/lease deed. |
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| (ii) |
A detailed valuation report, in original, from a Govt. approved valuer (registered with the Govt.of India under Wealth Tax Act,Estate Duty Act. etc.) indicating the fair market value of/fair lease premium and monthly lease rent payable for the immovable property as on the date nearer to the date of agreement for its purchase/ lease. |
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| (iii) |
If the amount of consideration is to be paid out of balances held in the applicant's non-resident bank account/s in India,a bank certificate stating the balance held in the account. In case the amount has been remitted from abroad in advance for the specific purpose to meet purchase price/lease premium, a certificate from the concerned bank in India confirming receipt of funds. |
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| (b) |
Construction/ Extension |
(i) |
A certificate from a Chartered Architect/ Engineer indicating the total built-up area and estimated cost of the construction. |
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| (ii) | |
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| (c) | Inheritance |
A certified copy of legal representation such as probate order, letter of administration, succession certificate etc. obtained from an Indian Court in respect of the immovable property. |
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| (d) | Mortgage |
An authenticated copy of draft mortgage deed. |
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| (e) | Gift |
An authenticated copy of the draft gift deed. |
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For further details
or application form, contact us