Rajendra Nath Dikshit

 rajendra Nath dikshit

 9 Years Exp

 Exchange Deed (Show More)

, Gurgaon Sector 45

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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 : rajendra Nath dikshit

Law Firm Name : Rajendra Nath Dikshit

Country : Andorra

Practicing Since: 2017

About Your Firm : I am a retired Chief Manager from PSU Bank having a long experience in the line of verification of property/revenue matters as i was posted as branch incumbent for last 15 years and handelled various credit portfolios.

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  Procure Specific Property Document(s) ( Encumbrance Certificate )
  Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
  Procure Specific Property Document(s) ( Khata / Khata Extract )
  Agreements/Deeds(Bulk) ( Construction Agreement )
  Procure Specific Property Document(s) ( Khata Certificate/Transfer )
  Agreements/Deeds(Bulk) ( Sale Deed )
  Procure Specific Property Document(s) ( Property Tax Paid Receipt )
  Forming Owners Associations/Societies ( Apartments )
  Procure Specific Property Document(s) ( Certified copy of revenue document )
  Forming Owners Associations/Societies ( Layouts )
  Legal Opinion/Title Certification ( Apartment/Builder Floor )
  Procure Specific Property Document(s) ( Certified copy of registered GPA/SPA )
  Legal Opinion/Title Certification ( Residential Layout )
  Procure Specific Property Document(s) ( Certified copy of registered documents )
  Legal Opinion/Title Certification ( Villa Project )
  Procure Specific Property Document(s) ( Occupancy Certificate )
  Legal Opinion/Title Certification ( Commercial complex )
  Agreements/Deeds(Bulk) ( Memorandum of Understanding )
  Power of Attorneys ( Drafting General Power of Attorney )
  Agreements/Deeds(Bulk) ( Joint Development Agreement )
  Power of Attorneys ( Drafting Special Power of Attorney )
  Agreements/Deeds(Bulk) ( Agreement of Sale )

 Legal & Drafting

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  Agreements/Deeds ( Rectification Deed )
  Procure Revenue Documents ( Certified copy of registered GPA/SPA )
  Lease/Rental Agreements ( Commercial Shop Rental Agreement )
  Legal Opinion (Written) ( Independent House )
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  Legal Opinion (Written) ( Agriculture Land )
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  Legal Opinion (Written) ( Commercial Property )
  e-stamp paper ( Get E-stamp paper )
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  Agreements/Deeds ( Exchange Deed )
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  Procure Revenue Documents ( Mother Deed Extract )
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  Agreements/Deeds ( Release Deed )
  Packages ( Sale Agreement to Registration (Plot/Site) )
  Lease/Rental Agreements ( Office Sharing Agreement )
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  Packages ( Legal Opinion to Registration (Apartment) )
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  Property & Documents Inspection ( Fraud & forgery Inspection )
  Procure Revenue Documents ( Mutation )
  Agreements/Deeds ( Construction Agreement )
  Agreements/Deeds ( Joint Development Agreement )
  Power of Attorneys ( General Power of Attorney )
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  Property & Documents Inspection ( Agriculture Land Inspection )
  Procure Revenue Documents ( Electricity Bill Name Transfer )
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