Chandrashekhar Vithal Jadhav & Associates
Chandrashekhar Vithal Jadhav
30 Years Exp
Exchange Deed (Show More)
Bangalore , Basaveshwaranagar
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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 : Chandrashekhar Vithal Jadhav
Law Firm Name : Chandrashekhar Vithal Jadhav & Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1995
About Your Firm : Advocate Chandrashekhar Vithal Jadhav has been practicing and handling cases independently with a result oriented approach both professionally and ethically and has acquired 20 years of professional experience in providing legal consultancy and advisory services. Being the founder of the Advocate Jadhav Law Firm, Advocate Jadhav is a lawyer practicing in the areas of Civil and Criminal matters. He has represented in many Government Litigations in Civil Courts at Bangalore and has also represented as a Principal District Government Pleader of Bangalore, Urban and Rural Districts for the year 2008 to 2012. He specializes in cyber crime matters, consumer protection issues and civil matters including property disputes, family disputes, documentation, among others. Advocate Jadhav is a Panel Advocate in District Legal Services Authority, Bangalore Urban and Rural Districts for the 17 years. He is the Legal Advisor of Sri Arunlakshmi Credit Co-operative Society, Bangalore and for the Special Women Care Unit (Vishesha Mahila Chikithsa Ghataka), Malleshwram, Bangalore. Advocate Jadhav enrolled with the Bar Council of Karnataka in 1995. He is a member of the Bangalore Advocates Bar Association. Enrollment Number : KAR/2269/1995 Language(s) Spoken by Advocate Chandrashekhar Vithal Jadhav: English, Hindi, Kannada
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Legal & Drafting
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