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ADVOCATE RAJIV SINGH
ADVOCATE RAJIV SINGH
10 Years Exp
Exchange Deed (Show More)
Mumbai , Bhandup Complex
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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 : ADVOCATE RAJIV SINGH
Law Firm Name : ADVOCATE RAJIV SINGH
Country : India
City : Mumbai
State : MAHARASHTRA
Practicing Since: 2015
About Your Firm : Advocate Rajiv Singh has been practicing and handling cases with a result oriented approach in various field of Law - Civil laws, Family laws, Criminal cases, matrimonial cases, Divorce cases and drafting and vetting of various agreements and documents. Advocate Rajiv Singh is also associated with Sr. Advocate Mr. Dilip A. Thorat & Mr. B. A. Singh.
Manpower/Employee Details
Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
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ADVOCATE B. A. SINGH and D. A. THORAT | ||
Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal & Drafting
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