Roshan Kumar Singh , Legal & Drafting , Agreements/Deeds , Exchange Deed

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 Registrarâ€™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 : Roshan Kumar Singh

Law Firm Name : Lex GR The Law firm

Country : India

City : East Delhi

State : DELHI

Practicing Since: 2016

About Your Firm : Deals In Legal Matters related to company Individual and other organisations and help them on a number of works like civil suits, criminal cases, cases under 138 Negotiable instrument act, property matters (Sale-purchase, liasoning, lease, real estate, government contractors etc.), consumer cases, taxation, gst, rera etc.

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Legal & Drafting

Utility/Property Payments ( Electricity Bill Payment )

Registration Assistance ( Villas )

Property & Documents Inspection ( Fraud & forgery Inspection )

Lease/Rental Agreements ( Office Sharing Agreement )

Legal Opinion (Written) ( Villas )

Agreements/Deeds ( Rectification Deed )

Procure Revenue Documents ( Other Revenue Documents )

Utility/Property Payments ( Water Bill Payment )

Registration Assistance ( Independent House )

Legal Opinion (Written) ( Independent House )

Property & Documents Inspection ( Agriculture Land Inspection )

Lease/Rental Agreements ( Other Lease/Rental Agreements )

Agreements/Deeds ( Relinquishment deed )

Power of Attorneys ( General Power of Attorney )

Affidavits ( Name & Address Affidavits )

Registration Assistance ( Agriculture Land )

Legal Opinion (Written) ( Agriculture Land )

Property & Documents Inspection ( Industrial / Commercial Inspection )

Consultation on Property ( Property Buying )

Agreements/Deeds ( Mortgage Deed )

Power of Attorneys ( Special Power of Attorney )

Affidavits ( Personal Affidavits )

Registration Assistance ( Commercial Property )

Legal Opinion (Written) ( Commercial Property )

Consultation on Property ( Property Selling )

Agreements/Deeds ( Exchange Deed )

Construction Approvals ( Residential )

Affidavits ( General Affidavits )

Lease/Rental Agreements ( Apartment Rental Agreement )

Legal Opinion (Written) ( Revenue/Other Site )

Procure Revenue Documents ( Khata Transfer )

Agreements/Deeds ( Release Deed )

Construction Approvals ( Commercial )

Affidavits ( Other Affidavits )

Lease/Rental Agreements ( House Rental agreement )

Packages ( Legal Opinion to Registration (Plot/Site) )

Agreements/Deeds ( Agreement of Sale )

Procure Revenue Documents ( Mutation )

Agreements/Deeds ( Partition Deed )

Wills ( Make A will )

e-stamp paper ( Get E-stamp paper )

Lease/Rental Agreements ( Commercial Office Rental Agreement )

Packages ( Sale Agreement to Registration (Plot/Site) )

Agreements/Deeds ( Construction Agreement )

Procure Revenue Documents ( Electricity Bill Name Transfer )

Agreements/Deeds ( Memorandum of Understanding )

Notary & Attestation Services ( Get A Document Notarised )

Property & Documents Inspection ( Plot/Site Insepction )

Lease/Rental Agreements ( Commercial Shop Rental Agreement )

Packages ( Sale Agreement to Registration (Apartment) )

Agreements/Deeds ( Sale deed )

Procure Revenue Documents ( Duplicate/Certified copy of sale deed )

Agreements/Deeds ( Joint Development Agreement )

Notary & Attestation Services ( Gazetted Officer Attestation )

Property & Documents Inspection ( House/Apartment Inspection )

Lease/Rental Agreements ( Commercial Lease Agreement )

Packages ( Legal Opinion to Registration (Apartment) )

Agreements/Deeds ( Gift Deed )

Procure Revenue Documents ( Certified copy of revenue document )

Notary & Attestation Services ( Tenant Police Verification )

Registration Assistance ( Plot )

Property & Documents Inspection ( Documents Inspection in Govt Office )

Lease/Rental Agreements ( Residential Lease Agreement )

Legal Opinion (Written) ( Plots )

Agreements/Deeds ( Sale Agreement/Deed Review )

Procure Revenue Documents ( Certified copy of registered GPA/SPA )

Utility/Property Payments ( Property Tax Payment )

Registration Assistance ( Apartment )

Property & Documents Inspection ( Documents Inspection in Builder Office )

Lease/Rental Agreements ( Room Rental Agreement )

Legal Opinion (Written) ( Apartment )

Agreements/Deeds ( Construction Agreement Review )

Procure Revenue Documents ( Certified copy of registered documents )

NRI Services

Property Disputes ( Illegal Sale of Land And Property )

Property Disputes ( Illegal Transfer of Land And Property )

Property Disputes ( Illegal occupation of Land and Property )

Buying Selling of Property in India ( Buying/Selling of Property in India )

Investment/Realestate Claims ( Investment/Realestate Claims )

Succession Certificate ( Succession Certificate )

Power of Attorneys for NRIs ( General Power of Attorney by NRI )

Property Search ( Land And Property Search )

Power of Attorneys for NRIs ( Special Power of Attorney by NRI )

Propert Transfer ( Land and Property Transfer )

Property Partition ( Partition of Land And Property )

Landlord Tenant Disputes ( Landlord Tenant Disputes )

Realtors

RERA Consultation ( RERA Compliance Residential )

Agents - Resdential ( Residential Plot )

Agents - Resdential ( Residential House )

Agents - Resdential ( Residential Villa )

Agents - Resdential ( Residential Apartment )

RERA Consultation ( RERA Approved Agent )

RERA Consultation ( RERA Consultant )

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