What is GPA in property?

GPA is a very important document in real estate or property transactions. If you are wondering what is GPA full form in property then let me tell you, GPA property meaning is General Power of Attorney for property.  A general power of attorney is an authoritative document that is signed by an individual (principal) with an intention to give powers to the executor (agent). An executor therefore, has several rights as mentioned in the General Power of Attorney, to sell or allow transactions on the behalf of the original owner. Why is GPA in property significant? You’ve so far learnt GPA full form in property, now it is important to understand its significance. A GPA can be used for property transactions. For example, you may want to sell your property built on leased land in a cooperative housing society, in that case, a GPA can be used to transfer property rights. Other reasons why GPA can be significant are to transfer property rights, or to make decisions about the property if the original owner is unavailable (for example, NRI wanting to sell an apartment in India from abroad). Note: The transfer of property through GPA will not be an indicator of transfer of title of the property in India. It is important to legally transfer the property via sale deed. Find out what is power of attorney for property Can GPA Holder Register Property in His Own Name? Find out. Can GPA holder execute sale deed? Learn here  

I am an NRI living in the USA. I am from Bengaluru, Karnataka and have my own house there. However, when I shifted to America, I was a little tense about the management of my property. Then, my uncle who’s been living in the US for a long time told me to sign a GPA. I got to know about its meaning in length and soon after, I took the necessary steps. So, if you want to know the full form of GPA in property, let me share the information. 

I’ll talk about the definition, full-form and also the registration process regarding GPA in my answer. Keep reading!

GPA real estate full form

GPA in real estate stands for General Power of Attorney. Under this, an individual known as the “principal” hands over the right to make financial and legal decisions to another person known as the “agent”. The GPA is a legal document that is signed by the principal to let the agent exercise a set of actions in the absence of the owner of the property. 

Procedure for GPA Registration

1. Get the GPA ready on stamp paper.

2. Next, visit your nearest Sub-Registrar’s Office.

3. Both the GPA holder and the principal owner must be present at the SRO.

4. Submit all the required documents such as the address proofs, property ownership papers and the identity proofs of both the GPA holder and the principal owner.

5. You need to have two witnesses who have their identity proofs in hand.

6. All the people present at the office need to submit 2 passport-size photographs each.

After verification, the registration will be underway. 

I hope this answer helps you understand what is GP in land registration.

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Read More Can a GPA holder execute sale deed? How to Get Home Loan at GPA Property

The GPA meaning in property is simple. GPA stands for General Power Of Attorney. A General Power of Attorney is a legal document that grants someone (known as the "attorney-in-fact" or "agent") the authority to act on behalf of another person (known as the "principal") in various matters related to their property. This is the GPA holder meaning in simple terms. A GPA holder holds severe power but not the power to sell a property. Let me elaborate a bit about this topic.

What is the GPA full form in law?

In law GPA stands for General Power of Attorney. A GPA holder enjoys several powers related to

• Property management

• Financial transactions

• Several legal matters

• Business transactions and more

So GPA in real estate means that the person enjoying the GPA will have the right to exercise powers related to the real estate or property in concern, but they do not have the right to sell a property. Any property bought from a GPA holder will not be considered legal. Any purchase must be registered in the sub-registrar’s office between the owner and the buyer only, and a proper sale deed must be there. So what is GPA in land registration refers to buying a land through a GPA. But since 2011, GPA registration or transactions have been declined, so do not buy any property through GPA. 

This is the basic meaning of GPA meaning in property. 

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Read More:

Can GPA Holder Register Property in His Own Name? Can a GPA holder execute sale deed? Can GPA holder execute sale agreement within blood related family members How to get home loan at GPA property?

Hi there,

I came to know about the concept of GPA when a friend of mine told me about one of his properties which his father had given to a builder and gave him the GPA, and then they had started facing issues on the part of the builder as he was claiming a full right over the property. I understood at that time how important it is for the common public to understand what GPA

means in property. 

Make important decisions about your property after getting due diligence services from NoBroker to avoid any legal nuances.

GPA property full form is General Power of Attorney. As already explained by Mr. Akarshit, a General Power of Attorney is a document in which one person appoints another to act for and on behalf of the Principal in all matters stated therein. The activities performed by the GPA holder in accordance with the GPA bind the Principal as if they were performed by the Principal himself. In India, a GPA is commonly used in the real estate market for all types of property transactions, such as purchasing, selling, mortgaging, leasing, and so on. 

Mr. Akarshit has already explained the significance of GPA land. So I would like  to add on with some information regarding making property transactions with GPA.

How can GPA be used in genuine property transactions?

A GPA can be signed by a property owner in favour of a family member, relative, or trusted friend to manage or sell his property if he is unable to manage or sell the property himself for any reason. A individual may also join into a development agreement with a land developer or builder for the purpose of developing the land, either by forming plots or by constructing apartment buildings, so in that regard undertake an agreement of sale and confer a power of attorney facilitating the developer to execute agreements of sale or conveyances in favour of prospective purchasers relating to individual plots of land or undivided shares in the land relating to apartments.

I hope I was able to give you some more useful information and make you understand

what GPA

means in property.

Read More: How to Make Power of Attorney? Can GPA Holder Transfer Title With Unpossessed Sale Deed from GPA?