Cost of Making a Power of Attorney in Chandigarh

Cost of Making a Power of Attorney in Chandigarh – Today, most people are busy in their daily work life and usually follow a very strict routine. Due to this, they are not able to attend the legal or any of the government processes where they are supposed to make a physical appearance. To solve this problem, the concept of power of attorney was introduced. The power of attorney is a legal document that one person gives authority to another or to act on their behalf. This is a very important tool that is used to manage financial, property, or personal matters when someone is unable to handle them directly due to distance, health, or convenience. 

Chandigarh is one of the most important parts of India. Many residents of Chandigarh include NRIs, business owners, and senior citizens. And due to unavailability, they need a power of attorney in Chandigarh to perform their task on their behalf. Power of attorney is a very handy tool but it becomes very important to understand the Cost of making a Power of Attorney in Chandigarh. 

In this blog, we will discuss the cost of getting a power of attorne,y such as the Cost of making a Power of Attorney. Let’s go through the following blog to understand more about it. 

Understanding the Power of Attorney 

Power of attorney is a legal document that is issued under which a person grants the authorities to another trusted person to act on his behalf on the legal matter that need to the presence of the real person, but the through power of attorney the person with authority can act on his behalf legally and the original person can continue their work of busy schedule without worrying about the process. No,w this becomes very important to know how many types of power of attorney we can access. Here are the types of power of attorney that are available.

General Power of Attorney (GPA): in a General Power of Attorney, a person Authorizes the attorney to perform a wide range of activities such as managing property, bank accounts, or business transactions.

Special Power of Attorney (SPA): in a Special Power of Attorney a person grants authority only for a specific act, such as selling a property, collecting rent, or handling a particular legal matter.

Cost Breakdown of Making a Power of Attorney in Chandigarh

Here is the total cost breakdown that is required for making  a power of attorney. This breakdown is divided into four main category 

Drafting Fees

The first step of making a power of attorney is drafting the POA. These drafting templates are available on legal online portals. This is a very crucial step so it is strongly recommended to perform this with the help of a professional lawyer to avoid any future dispute. 

The drafting fee are paid to the lawyers, and the lawyers’’s Fees in Chandigarh are as follows : 

• For special power of attorney (SPA): ₹1,500 – ₹3,000
• For general power of attorney (GPA): ₹3,000 – ₹6,000 (sometimes higher for complex documents involving multiple properties or detailed clauses)

Stamp Duty in Chandigarh

The next important step is the payment for stamp duty, it is a legal tax that is paid to make the document valid according to the law. 

• For Special Power of Attorney (SPA):
  A nominal stamp duty of ₹100 is charged.
• For General Power of Attorney (GPA):
  If given to a close relative (spouse, parents, siblings, children), the stamp duty is ₹500 – ₹1,000 depending on the scope.

Registration Charges

The third category where the cost is involved is the registration charges 

Although not always mandatory, registration of POA is highly recommended, especially for property-related powers. The Sub-Registrar’s Office in Chandigarh handles the registration.

• Registration Fees: ₹1,000 – ₹2,000 (depending on the nature of POA)
• Document Handling/Clerk Charges: Around ₹300 – ₹500 (optional but commonly charged if you hire a document writer)

Notary Fees

The next step is to pay the notary fees the document must be at least by a notary public. The notary charges in Chandigarh 

If you choose not to register but only notarise, the document must be attested by a notary public.

• Notary Charges in Chandigarh:
  ₹200 – ₹500 for SPA
  ₹500 – ₹1,000 for GPA

Factors Affecting the Cost

The cost of these can be affected based on the type of power of attorney chosen and the purpose it is being chosen. Here are some of the factors that affect the power of attorney

• The type of power of attorney for a General power of attorney is usually more than the special power of attorney.
• The purpose for which the power of attorney will be used. The property-related power of attorney involves stamp and registration charges, making it more costly than other 
• Relationship of Principal and Attorney, if the power of attorney is in a blood relation with the person then the cost is generally lower.
• Lawyer’s Expertise The cost also varies based on the experience of the lawyers. Senior lawyers may charge more for drafting.
• NRI Requirements,  If executed abroad, embassy attestation and courier charges can increase the cost substantially.

Conclusion 

Power of attorney is a very handy tool for most people with busy schedules or who can not commute for the legal appearance in the process. This process involves some of the important charges so it becomes very necessary to understand this. The above-mentioned blog contains information on the  Cost of Making a Power of Attorney in Chandigarh that will help you in understanding the costing system involved in making a power of attorney and the Power of attorney registration fees.