V&K Law
Khyati Dhupar
12 Years Exp
Exchange Deed (Show More)
East Delhi , Baroda House
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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 : Khyati Dhupar
Law Firm Name : V&K Law
Country : India
City : East Delhi
State : DELHI
Practicing Since: 2013
About Your Firm : We pride ourselves on providing personalized service by hand-holding clients in all their legal requirements through a practical, holistic and commercially viable approach. We work closely with each client to understand the needs of their business and thrive to provide quality legal solutions to their utmost satisfaction. We believe that the combination of our Firm's culture, experiences, alliances and the quality of our lawyers, allows us to offer a level of client service that makes us their legal confidante. Our team of lawyers hold the experience of working with big organizations in India as well as abroad. Our Clients range from various sectors including Steel & Mining, Infrastructure, FMCG, Media & Information, Shared Services, Event Management, Real Estate and Insurance and Financial Services.
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Legal Opinion/Title Certification ( Commercial complex )
Agreements/Deeds(Bulk) ( Memorandum of Understanding )
Agreements/Deeds(Bulk) ( Joint Development Agreement )
Agreements/Deeds(Bulk) ( Agreement of Sale )
Packages ( Apartment/Builder Floor )
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Power of Attorneys ( Drafting General Power of Attorney )
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Agreements/Deeds ( Construction Agreement )
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Agreements/Deeds ( Memorandum of Understanding )
Packages ( Sale Agreement to Registration (Apartment) )
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Agreements/Deeds ( Sale deed )
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