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 Vijaya Vasantha Kumari Y P

 40 Years Exp

 Exchange Deed (Show More)

 Bangalore , Attur

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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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Name : Vijaya Vasantha Kumari Y P

Law Firm Name : none

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 1985

About Your Firm : Dealing with all kinds of civil, criminal , family matters . Filing cases before Revenue courts, Civil and session courts , Civil judges courts Bangalore rural district Bangalore, family courts and high court of Karnataka.

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  Legal Opinion/Title Certification ( Residential Layout )
  Procure Specific Property Document(s) ( Khata Certificate/Transfer )
  Legal Opinion/Title Certification ( Villa Project )
  Procure Specific Property Document(s) ( Property Tax Paid Receipt )
  Legal Opinion/Title Certification ( Commercial complex )
  Procure Specific Property Document(s) ( RTC )
  Power of Attorneys ( Drafting General Power of Attorney )
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  Power of Attorneys ( Drafting Special Power of Attorney )
  Procure Specific Property Document(s) ( Electricity Bill Name Transfer )
  Land Sourcing ( Apartment/Builder Floor )
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  Land Sourcing ( Villa Project )
  Land Sourcing ( Commercial complex )
  Procure Specific Property Document(s) ( Encumbrance Certificate )
  Legal Opinion/Title Certification ( Apartment/Builder Floor )
  Procure Specific Property Document(s) ( Khata / Khata Extract )

 Legal & Drafting

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