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 : Andorra

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

Lease/Rental Agreements ( Commercial Lease Agreement )

Packages ( Legal Opinion to Registration (Apartment) )

Property & Documents Inspection ( House/Apartment Inspection )

Procure Revenue Documents ( Certified copy of revenue document )

Agreements/Deeds ( Gift Deed )

Registration Assistance ( Plot )

Notary & Attestation Services ( Tenant Police Verification )

Lease/Rental Agreements ( Residential Lease Agreement )

Legal Opinion (Written) ( Plots )

Property & Documents Inspection ( Documents Inspection in Govt Office )

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

Agreements/Deeds ( Sale Agreement/Deed Review )

Registration Assistance ( Apartment )

Utility/Property Payments ( Property Tax Payment )

Lease/Rental Agreements ( Room Rental Agreement )

Legal Opinion (Written) ( Apartment )

Property & Documents Inspection ( Documents Inspection in Builder Office )

Procure Revenue Documents ( Certified copy of registered documents )

Agreements/Deeds ( Construction Agreement Review )

Registration Assistance ( Villas )

Utility/Property Payments ( Electricity Bill Payment )

Lease/Rental Agreements ( Office Sharing Agreement )

Legal Opinion (Written) ( Villas )

Property & Documents Inspection ( Fraud & forgery Inspection )

Procure Revenue Documents ( Other Revenue Documents )

Agreements/Deeds ( Rectification Deed )

Registration Assistance ( Independent House )

Utility/Property Payments ( Water Bill Payment )

Property & Documents Inspection ( Agriculture Land Inspection )

Lease/Rental Agreements ( Other Lease/Rental Agreements )

Legal Opinion (Written) ( Independent House )

Power of Attorneys ( General Power of Attorney )

Agreements/Deeds ( Relinquishment deed )

Registration Assistance ( Agriculture Land )

Affidavits ( Name & Address Affidavits )

Property & Documents Inspection ( Industrial / Commercial Inspection )

Consultation on Property ( Property Buying )

Legal Opinion (Written) ( Agriculture Land )

Power of Attorneys ( Special Power of Attorney )

Agreements/Deeds ( Mortgage Deed )

Registration Assistance ( Commercial Property )

Affidavits ( Personal Affidavits )

Consultation on Property ( Property Selling )

Legal Opinion (Written) ( Commercial Property )

Construction Approvals ( Residential )

Agreements/Deeds ( Exchange Deed )

Lease/Rental Agreements ( Apartment Rental Agreement )

Affidavits ( General Affidavits )

Procure Revenue Documents ( Khata Transfer )

Legal Opinion (Written) ( Revenue/Other Site )

Agreements/Deeds ( Release Deed )

Construction Approvals ( Commercial )

Lease/Rental Agreements ( House Rental agreement )

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

Affidavits ( Other Affidavits )

Procure Revenue Documents ( Mutation )

Agreements/Deeds ( Agreement of Sale )

Agreements/Deeds ( Partition Deed )

Wills ( Make A will )

Lease/Rental Agreements ( Commercial Office Rental Agreement )

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

e-stamp paper ( Get E-stamp paper )

Procure Revenue Documents ( Electricity Bill Name Transfer )

Agreements/Deeds ( Construction Agreement )

Agreements/Deeds ( Memorandum of Understanding )

Notary & Attestation Services ( Get A Document Notarised )

Lease/Rental Agreements ( Commercial Shop Rental Agreement )

Packages ( Sale Agreement to Registration (Apartment) )

Property & Documents Inspection ( Plot/Site Insepction )

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

Agreements/Deeds ( Sale deed )

Agreements/Deeds ( Joint Development Agreement )

Notary & Attestation Services ( Gazetted Officer Attestation )

NRI Services

Propert Transfer ( Land and Property Transfer )

Property Partition ( Partition of Land And Property )

Landlord Tenant Disputes ( Landlord Tenant Disputes )

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 )

Realtors

RERA Consultation ( RERA Approved Agent )

RERA Consultation ( RERA Consultant )

RERA Consultation ( RERA Compliance Residential )

Agents - Resdential ( Residential Plot )

Agents - Resdential ( Residential House )

Agents - Resdential ( Residential Villa )

Agents - Resdential ( Residential Apartment )

Hindi

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