Sachin Sharma & Associates

 Sachin Sharma

 14 Years Exp

 Exchange Deed (Show More)

 Mohali , Bhabat

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Information

Overview

As per provisions contains in Section 118 of Transfer of Property Act, when two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both the things being money only, such a transaction is called an exchange. This definition is not restricted to immovable property only.

Thus, exchange implies, when two separate property owners mutually agree to transfer the ownership rights by exchanging the property. Further, exchange also means exchange of lands and barter of goods too.

If one of the items that has been transferred in money, then it is not an exchange but sale, because sale should always be for a price. But money in one form can be exchanged for money in another.

In case of exchange, the transfer of ownership of one thing is not the price paid or promised to pay, but something else in lieu. For example: if a person transfers a land valued Rs.20,00,000/- to another and in return, the other person transfers a shop valued Rs.18,00,000/- and pay Rs.2,00,000/- in cash, it is an exchange.

This type of exchange transactions can be reduced into writing in the form of Property Exchange Deed. This Exchange Deed document for transfer of property rights need to be registered with the jurisdictional sub Registrar’s Office by paying prescribed stamp duty. While drafting the exchange deed and its registration including the document execution, its presentation and admission utmost care need to be taken, since this is a complex process.


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Reviews

Name : Sachin Sharma

Law Firm Name : Sachin Sharma & Associates

Country : India

City : Mohali

State : PUNJAB

Practicing Since: 2011

About Your Firm : Sachin Sharma & Associates

Manpower/Employee Details

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 Legal & Drafting

  Power of Attorneys ( Special Power of Attorney )
  Registration Assistance ( Commercial Property )
  Legal Opinion (Written) ( Commercial Property )
  Utility/Property Payments ( Water Bill Payment )
  Lease/Rental Agreements ( Settlement Of Rental Agreement )
  Procure Revenue Documents ( Mother Deed Extract )
  Agreements/Deeds ( Exchange Deed )
  Property & Documents Inspection ( Documents Inspection in Govt Office )
  Power of Attorneys ( Revoke/cancel Power of Attorney )
  Registration Assistance ( Revenue/Other Site )
  Legal Opinion (Written) ( Revenue/Other Site )
  Affidavits ( Name & Address Affidavits )
  Lease/Rental Agreements ( Paying Guest Agreement )
  Procure Revenue Documents ( Copy of Grant Certificate )
  Agreements/Deeds ( Release Deed )
  Property & Documents Inspection ( Documents Inspection in Builder Office )
  Packages ( Legal Opinion to Registration (Plot/Site) )
  Construction Approvals ( Residential )
  Lease/Rental Agreements ( Apartment Rental Agreement )
  Agreements/Deeds ( Agreement of Sale )
  Affidavits ( Personal Affidavits )
  Lease/Rental Agreements ( Leave And Licence )
  Procure Revenue Documents ( Mutation )
  Agreements/Deeds ( Partition Deed )
  Property & Documents Inspection ( Fraud & forgery Inspection )
  Packages ( Sale Agreement to Registration (Plot/Site) )
  Construction Approvals ( Commercial )
  Lease/Rental Agreements ( House Rental agreement )
  Agreements/Deeds ( Construction Agreement )
  Affidavits ( Student Affidavits )
  Lease/Rental Agreements ( NOC From Landlord )
  Procure Revenue Documents ( Electricity Bill Name Transfer )
  Agreements/Deeds ( Memorandum of Understanding )
  Property & Documents Inspection ( Agriculture Land Inspection )
  Packages ( Sale Agreement to Registration (Apartment) )
  Wills ( Make A will )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
  Lease/Rental Agreements ( Other Lease/Rental Agreements )
  Agreements/Deeds ( Sale deed )
  Affidavits ( Passport Affidavits )
  Procure Revenue Documents ( Duplicate/Certified copy of sale deed )
  Agreements/Deeds ( Joint Development Agreement )
  Property & Documents Inspection ( Industrial / Commercial Inspection )
  Packages ( Legal Opinion to Registration (Apartment) )
  Wills ( Make A Codicil )
  Lease/Rental Agreements ( Commercial Shop Rental Agreement )
  Consultation on Property ( Property Buying )
  Agreements/Deeds ( Gift Deed )
  Affidavits ( Gas Affidavits )
  Procure Revenue Documents ( Certified copy of revenue document )
  Registration Assistance ( Plot )
  Legal Opinion (Written) ( Plots )
  Notary & Attestation Services ( Get A Document Notarised )
  Lease/Rental Agreements ( Commercial Lease Agreement )
  Consultation on Property ( Property Selling )
  Agreements/Deeds ( Sale Agreement/Deed Review )
  Affidavits ( General Affidavits )
  Procure Revenue Documents ( Certified copy of registered GPA/SPA )
  Registration Assistance ( Apartment )
  Legal Opinion (Written) ( Apartment )
  Notary & Attestation Services ( Gazetted Officer Attestation )
  Lease/Rental Agreements ( Residential Lease Agreement )
  Procure Revenue Documents ( Encumbrance Certificate )
  Agreements/Deeds ( Construction Agreement Review )
  Affidavits ( Other Affidavits )
  Procure Revenue Documents ( Certified copy of registered documents )
  Registration Assistance ( Villas )
  Legal Opinion (Written) ( Villas )
  Notary & Attestation Services ( Tenant Police Verification )
  Lease/Rental Agreements ( Room Rental Agreement )
  Procure Revenue Documents ( Khata Extract )
  Agreements/Deeds ( Rectification Deed )
  e-stamp paper ( Get E-stamp paper )
  Procure Revenue Documents ( Other Revenue Documents )
  Registration Assistance ( Independent House )
  Legal Opinion (Written) ( Independent House )
  Utility/Property Payments ( Property Tax Payment )
  Lease/Rental Agreements ( Office Sharing Agreement )
  Procure Revenue Documents ( Khata Certificate )
  Agreements/Deeds ( Relinquishment deed )
  Property & Documents Inspection ( Plot/Site Insepction )
  Power of Attorneys ( General Power of Attorney )
  Registration Assistance ( Agriculture Land )
  Legal Opinion (Written) ( Agriculture Land )
  Utility/Property Payments ( Electricity Bill Payment )
  Lease/Rental Agreements ( Car Parking Agreement )
  Procure Revenue Documents ( Khata Transfer )
  Agreements/Deeds ( Mortgage Deed )
  Property & Documents Inspection ( House/Apartment Inspection )

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