Power of Attorney which is mentioned in Article 48 of Schedule I. A power of Attorney is a document of agency. It is a document whereby a person is empowered generally to do or to execute one or more acts or things for and on behalf of the principal. A Power of Attorney can be general or special. A general Power of Attorney covers more than one subject, whereas a special Power of Attorney relates to specific matter. A Power of Attorney can be revocable or irrevocable. A Power of Attorney comes to an end on the death of the grantor unless it is granted for a consideration. Normally stamp duty payable on Power of Attorney is Rs. 100/-. 

However, when the Power of Attorney is given for consideration with authority to sell an immovable property, the duty leviable on Power of Attorney is like a conveyance on the market value of the property. If later on a conveyance is executed in favour of the Attorney, i.e. purchaser, the stamp duty paid on the Power of Attorney is adjusted.

Prior to the Amendment Act 9 of 1997 duty leviable on the Power of Attorney was also based on the number of persons in whose favour the same was executed. Now it is uniform.

In case authority/Power is given to a Developer of the land, the duty is 1% of the market value of the property on the instrument of development agreement under Article 5(g-a), and in such case the duty on the Power of Attorney is only Rs. 100/-.