Gadgil and Gadgil Associates

 Vaishali Gadgil

 15 Years Exp

 Exchange Deed (Show More)

 Pune , Pune

 View Answers by this Partner (0)

 Profile Views : 7192

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.


Can't read the image? click here to refresh.

Enter the code :

Name : Vaishali Gadgil

Law Firm Name : Gadgil and Gadgil Associates

Country : India

City : Pune

State : MAHARASHTRA

Practicing Since: 2010

About Your Firm : A 80 year firm. Specialised in civil matters, particularly land, real estate matters and everything in banking.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Adv. H.V. Gadgil Mah/4665/1999
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State
Vaishali Gadgil MAH/92/2010

 Legal & Drafting

  Agreements/Deeds ( Construction Agreement Review )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
  Procure Revenue Documents ( Certified copy of registered documents )
  Legal Opinion (Written) ( Villas )
  Agreements/Deeds ( Rectification Deed )
  Lease/Rental Agreements ( Commercial Shop Rental Agreement )
  Wills ( Make A will )
  Legal Opinion (Written) ( Independent House )
  Agreements/Deeds ( Relinquishment deed )
  Lease/Rental Agreements ( Commercial Lease Agreement )
  Wills ( Make A Codicil )
  Legal Opinion (Written) ( Agriculture Land )
  Agreements/Deeds ( Mortgage Deed )
  Lease/Rental Agreements ( Residential Lease Agreement )
  Legal Opinion (Written) ( Commercial Property )
  Agreements/Deeds ( Exchange Deed )
  Lease/Rental Agreements ( Leave And Licence )
  Legal Opinion (Written) ( Revenue/Other Site )
  Agreements/Deeds ( Release Deed )
  Lease/Rental Agreements ( Other Lease/Rental Agreements )
  Agreements/Deeds ( Agreement of Sale )
  Agreements/Deeds ( Partition Deed )
  Consultation on Property ( Property Buying )
  Agreements/Deeds ( Construction Agreement )
  Agreements/Deeds ( Memorandum of Understanding )
  Consultation on Property ( Property Selling )
  Agreements/Deeds ( Sale deed )
  Agreements/Deeds ( Joint Development Agreement )
  Procure Revenue Documents ( Encumbrance Certificate )
  Agreements/Deeds ( Gift Deed )
  Lease/Rental Agreements ( Apartment Rental Agreement )
  Procure Revenue Documents ( Duplicate/Certified copy of sale deed )
  Legal Opinion (Written) ( Plots )
  Agreements/Deeds ( Sale Agreement/Deed Review )
  Lease/Rental Agreements ( House Rental agreement )
  Procure Revenue Documents ( Certified copy of revenue document )
  Legal Opinion (Written) ( Apartment )

No Answers Found