Amendment status not verified — confirm the current text below against the official source.
Powers of attorney,—(as defined by section 2(1)(P) not being a proxy,— (a) when executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents 15[five hundred rupees]15 (b) when authorising one person or more to act in a single transaction other than the case mentioned in Clause (a) 15[1[five hundred rupees]1]15 (c) when authorising not more than five persons to act jointly and severally in more than one transaction or generally 15[2[five hundred rupees]2]15 (d) when authorising more than five but not 15[2[one thousand rupees]2]15 more than ten persons to act Jointly and severally in more than one transaction or generally; 3[(e) when given for consideration or when coupled with interest and authorizing the attorney to sell any The same duty as a Conveyance [under Article 20(1)] on consideration or on market value of 83 immovable property; the property (which is the subject matter of such power of attorney), whichever is higher.] 3 13[4[Provided that the duty paid on agreement for sale under Article 5(e) or instrument of sale or transfer as the case may be, is adjustable towards the duty payable on such power of attorney under Article 41 (e), executed between the same parties and in respect of the same property]4]13 8[(ea) XXX]8 13[11[ (ea) If relating to construction or development of immovable property, including a multi unit or multi storied house or building or apartment or flat, or portion of it, executed by and between owner or lessee, as the case may be, and developer, having a stipulation, whether express or implied, that, in consideration of the owner or lessee conveying or transferring or disposing off, in any way, the undivided share or portion of land or immovable property; the developer agrees to convey or transfer or dispose off, in any way, the proportionate or agreed share or portion of the constructed or developed building or immovable property to the owner or lessee, as the case may be. Explanation: The tern "Developer" includes promoter or builder or by whatever name called. Two Rupees for every one hundred rupees or part thereof, on the Market Value of such undivided share or portion of land or immovable property, consideration and money advanced, if any; or On the Market Value of such share or portion of the constructed or developed building or immovable property, consideration and money advanced, if any; whichever is higher. Provided that, if the proper stamp duty is paid under clause (f) of the Article 5 on an agreement for sale, executed by and between the same parties and in respect of the same property, then the stamp duty payable on the corresponding power of attorney under clause (ea) of article 41, shall not exceed rupees two hundred." Explanation: The term "money advanced" in this Article, means and includes the security deposit whether refundable or adjustable.]12]13 5[(eb) When given to a person other 6[the same duty as a conveyance under than the father, mother, wife or husb- Article 20(1)]6 on the market value of the and, sons, daughters, brothers, sisters property which is the subject matter in relation to the executant authorising of the power of attorney such person to sell immoveable property situated in Karnataka State 13[4[Provided that the duty paid on agreement for sale under Article 5(e) or instrument of sale or transfer as the case may be is adjustable towards the duty payable on 84 such power of attorney under Article 41 (eb), executed between the same parties and in respect of the same property]4]5]13 14[(ec) When given to person other than the father, mother, wife or husband, sons, daughters, brothers, sisters in relation to the executant authorising such person to sell Transferable Development Rights relating to immovable property situated in Karnataka State. The same duty as a conveyance under Article 20(7) on the market value of the property which is the subject-matter of Power of Attorney:]14 9[(f) When executed by a principal or client for the sole purpose of authorizing the agent or broker to carry out all lawful acts and deeds relating to his / her trading operations including sale / purchase of marketable securities, transfer of securities towards - stock exchange, receiving / releasing funds and securities from / to other parties on behalf of the principal or client. 15[one hundred rupees]15 (g) When executed by a principal or client for the sole purpose of authorizing the depository participant to carry out all lawful acts and deeds relating to his/her demat account as per the bye-laws of the depositories / regulations governing such operations. 15[one hundred rupees]9]15 10[(h)]10 in any other case 15[7[five hundred rupees]7]15 N.B. The term ―Registration‖ includes every operation incidental to registration under the Registration Act, 1908. (Central Act 16 of 1908). Explanation—‗For the purposes of this article more persons than one when belonging to the same firm shall be deemed to be one person‘